KARACHI: The State Bank of Pakistan (SBP) has invited bids for the auction of Fixed Rental Rate Government of Pakistan Ijara Sukuk (FRR-GIS) to be held on February 8, a statement said on Thursday.
The target amount for the auction has been fixed at Rs100 billion. The SBP said that the auction of FRR-GIS would be held under the provision of the SBP circular issued a day ago.
The central bank said that the fixed rental rate would be determined in the auction. The maximum value of the asset under the present issuance programme of Ijara Sukuk was Rs197.36 billion, it added.
People walk out of a branch of Mashreq bank at Dubai Internet City on Feb. 5, 2012. — Reuters/FileKARACHI: Mashreq...
A Dubai Islamic Bank building seen in this undated photo. — The News/File KARACHI: Dubai Islamic Bank Pakistan...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs500 per...
This representational image shows the Electric Cars. — Unsplash/FileNew York: Global policymakers are imposing new...
This image portrays a "Tax Return" written by a typewriter. — Unsplash/FileLAHORE: The government is planning to...