Regulatory Alerts2026-06-22 | DMMD Circular Letter No. 08Outright Purchase and Sale of GOP Sukuk by Government of Pakistan (GOP)
The State Bank of Pakistan's Domestic Market & Monetary Management Department issued Circular Letter No. 8 of 2026 to expand eligibility for Government of Pakistan Sukuk auctions to include non-bank investors. This directive permits corporates, funds, and individuals to participate via pass-through or non-competitive bids submitted through Islamic Banking Institutions. The circular establishes specific procedural requirements, including the use of authorized bid forms and the acceptance of non-competitive bids at the uniform price determined by competitive auctions.
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