The federal government successfully raised Rs239.325 billion through its inaugural Short-Term GoP Hybrid Sukuk auction, attracting strong bids worth Rs770.234 billion. Cut-off yields for the discounted Sukuk ranged from 11.4994% for three months to 11.8400% for one year, with the 10-year Variable Rental Rate Sukuk priced at 11.5803%. This successful fundraising could signal improved domestic liquidity and investor confidence, potentially easing pressure on government finances and the PKR, which might indirectly influence local gold prices.
بحوالہ / Source: www.brecorder.com