KARACHI: The government on Wednesday raised Rs331.7 billion through the Pakistan Stock Exchange by selling Sukuk.

The PSX raised Rs331.7bn against a target of Rs300bn for the Ministry of Finance in the 15th Auction of GOP Ijarah Sukuk (GIS),` said a press release issued by the PSX.

The GIS cut-off rates for one-year sukuk fell by 74.99bps to 10.9pc, threeyear by 50bps to 11.50pc, five-year by 43bps to 12.1pc and 10-year by 104bps to 11.7pc.-Staff Reporter