{"id":65982,"date":"2020-05-30T10:02:00","date_gmt":"2020-05-30T05:02:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65982"},"modified":"2020-05-29T16:16:38","modified_gmt":"2020-05-29T11:16:38","slug":"sukuk-oversubscription-shows-strong-market-confidence-pm","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sukuk-oversubscription-shows-strong-market-confidence-pm.html","title":{"rendered":"Sukuk oversubscription shows strong market confidence: PM"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan on Wednesday said that the 170% oversubscription in Sukuk recorded at the Pakistan Stock Exchange (PSX) was indicative of \u2018strong market confidence\u2019, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-collects-pkr-300bn-sukuk-bids.html\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/govt-collects-pkr-300bn-sukuk-bids.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt collects PKR 300bn in Sukuk bids<\/a><\/p>\n\n\n\n<p>The premiere took to Twitter, and called the issuance of PKR 200 billion Sukuk issued via competitive book-building at PSX, a \u2018landmark financial innovation\u2019. He said that an oversubscription of 170% reflects strong market confidence in the government\u2019s policies. He further revealed that the said development has led to the addition of PKR 18 billion in the national kitty \u2013 which will be used for COVID-19 relief attempts.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-approves-pkr-700b-sukuk-bond-againstjinnah-airport-generate-funds.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt approves PKR 700b sukuk bond against Jinnah Airport to generate funds<\/a><\/p>\n\n\n\n<p>Previously, the PKR 200 billion Pakistan Energy Sukuk-II on Monday was reported to be high in demand at PSX \u2013 which were oversubscribed by 62.5% on the first day.<\/p>\n\n\n\n<p>This is the second issue of the energy Sukuk bonds by the public-held Power Holding Limited (PHL) \u2013 which is owned by the energy ministry. The <a href=\"https:\/\/www.zameen.com\/news\/committee-formed-to-review-borrowing-plan-for-discos.html\" target=\"_blank\" rel=\"noreferrer noopener\">Energy Sukuk-I<\/a> or worth was listed by PSX in October 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan on Wednesday said that the 170% oversubscription in Sukuk recorded at the Pakistan Stock Exchange (PSX) was indicative of \u2018strong market confidence\u2019, according to news sources. Read: Govt collects PKR 300bn in Sukuk bids The premiere took to Twitter, and called the issuance of PKR 200 billion Sukuk issued via competitive book-building at PSX, a \u2018landmark financial innovation\u2019. He said that an oversubscription of 170% reflects strong market confidence in the government\u2019s policies. He further revealed that the said development has led to the addition of PKR 18 billion in the national kitty \u2013 which will be used for COVID-19 relief attempts. Read: Govt approves PKR 700b sukuk bond against Jinnah Airport to generate funds Previously, the PKR 200 billion Pakistan Energy Sukuk-II on Monday was reported to be high in demand at PSX \u2013 which were oversubscribed by 62.5% on the first day. This is the second issue of the energy Sukuk bonds by the public-held Power Holding Limited (PHL) \u2013 which is owned by the energy ministry. The Energy Sukuk-I or worth was listed by PSX in October 2019.<\/p>\n","protected":false},"author":75,"featured_media":61667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[30325,30324,30323],"persona":[],"class_list":{"0":"post-65982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pakistan-energy-sukuk-ii","9":"tag-pakistan-stock-exchange-psx","10":"tag-sukuk-oversubscription-shows-strong-market-confidence","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sukuk oversubscription shows strong market confidence - Zameen News<\/title>\n<meta name=\"description\" content=\"Prime Minister Imran Khan said that 170% oversubscription in Sukuk recorded at Pakistan Stock Exchange (PSX) was indicative of \u2018strong market confidence\u2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sukuk-oversubscription-shows-strong-market-confidence-pm.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sukuk oversubscription shows strong market confidence - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Imran Khan said that 170% oversubscription in Sukuk recorded at Pakistan Stock Exchange (PSX) was indicative of \u2018strong market confidence\u2019\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sukuk-oversubscription-shows-strong-market-confidence-pm.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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