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Primary auction for GDS will also be held on PSX

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In a landmark development for Pakistan’s financial markets, the primary market auction of Government Debt Securities (GDS) will now also be held at the Pakistan Stock Exchange (PSX).
This follows the change in rules by the Cabinet to enable government debt to be raised from the capital markets in addition to the State Bank of Pakistan.
GoP Ijarah Sukuk will be launched from the Stock Exchange platform in the first phase for the first time in one year. In this context, PSX has notified, in coordination with Debt Management Office of the Ministry of Finance, a quarterly auction calendar whereby the first primary market auction will be held via the Capital Market Infrastructure Institutions (CMIIs) on December 8, 2023.

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