Regulatory Alerts2026-06-22 | DMMD Circular Letter No. 08Added · Updated
Outright Purchase and Sale of GOP Sukuk by Government of Pakistan
The document provides an authorization form for non-competitive participation in auctions for the outright purchase of Government of Pakistan (GOP) Sukuk on a deferred payment basis (Bai Muajjal). It requires bidders to declare their intent to sell specified Sukuk to the Government of Pakistan and authorize a representative to sign the transaction contract. The form captures essential details including the GIS ISIN, Bai Muajjal tenor, face value amount, and settlement dates.
AUTHORISATION FORM Date: ______________ To: (Name of IBI / IBB) Dear Sir, PARTICIPATION ON NON-COMPETITIVE BASIS IN AUCTION I/we would like to confirm my/our participation on a non-competitive basis for the auction of outright purchase of GOP Sukuk on deferred payment (Bai Muajjal) by Government of Pakistan, to be held on __________________ with settlement on ________________, in respect of the GOP Sukuk ___________________ issued on _________________. The bids are as follows: GIS ISIN Bai Muajjal Tenor Amount (Face Value) I/we declare and confirm that I/we am/are selling the said Sukuk to Government of Pakistan on deferred payment basis (Bai Muajjal) through a non-competitive bid in the auction, and agree to deliver the security to __________________ for onward delivery to Government of Pakistan on the day of settlement as per the price announced by SBP. I/we also authorise __________________ to sign the contract of above mentioned transaction on my/our behalf. Yours truly FOR AND ON BEHALF OF
(As a Non-Competitive Bidder)
- Signature: _______________ 2. Signature: _______________ Name: _______________ Name: _______________ C.N.I.C.: _______________ C.N.I.C.: _______________ Designation: _______________ Designation: _______________