TRADE & ECONOMY

Pakistan has successfully launched its first Sukuk bond, a significant step forward in the country’s Islamic finance sector. Finance Minister Muhammad Aurangzeb congratulated the Pakistan Stock Exchange during the Green Gong Sukuk ceremony, which he addressed via video link.
The Finance Minister noted that the world recognizes Pakistan’s improving macroeconomic stability but stressed the need to adopt successful international models, such as Malaysia’s, to further enhance growth and financial inclusion.
Aurangzeb shared that meetings with global investors in Washington and London have taken place to build confidence in Pakistan’s economic reforms. He also mentioned ongoing preparations for the upcoming budget, involving consultations with various stakeholders to ensure inclusive and sustainable fiscal policies.
Highlighting the pressing issue of climate change, the Finance Minister remarked that Pakistan is working on innovative financing solutions to mitigate environmental challenges and strengthen the country’s resilience against climate threats.
This launch not only represents progress in Pakistan’s financial markets but also underscores the government’s commitment to sustainable development and macroeconomic reform.