Underwhelming response: Aurangzeb for promoting Sukuk among foreign investors
Finance Minister Muhammad Aurangzeb on Thursday called for promoting Pakistan’s sovereign Sukuk among international investors, noting that foreign investment in the Shariah-compliant instruments remained underwhelming despite positive inflows into Treasury Bills (T-bills) and Pakistan Investment Bonds (PIBs). He stated this while addressing a ceremony marking the achievement of Rs10 trillion in sovereign Sukuk issuance. He said that Pakistan’s sovereign Sukuk issuance has surged 113 percent year-on-year in 2026, with the government introducing hybrid and short-term Shariah-compliant instruments to diversify its financing sources and deepen the Islamic capital market.