Pakistan’s Zarea raises Rs2 billion through short-term Sukuk

Zarea Limited has secured Rs2 billion through a short-term Sukuk, according to a notice the company filed with the Pakistan Stock Exchange. The instrument is rated, unsecured and privately placed, and institutional investors took up the full issue. The company said the Sukuk has been issued and the proceeds disbursed.

Pakistan Credit Rating Agency Limited (PACRA) assigned the paper an A-1 rating. Zarea expects the funds to bolster liquidity and the balance sheet, and to support profitability and wider financial results. Management read the full subscription as a sign of investor trust in its standing, operating results and future growth prospects, while the issue also advances a plan to broaden its funding mix with Shariah-compliant instruments.

Zarea runs a business-to-business marketplace that links buyers and sellers of farm commodities on its own technology platform, earning usage fees and trading produce directly. The company has been listed on the PSX since February 28, 2025, when its IPO made it the first e-commerce platform in Pakistan to launch one. It shipped its first export consignment to the United Arab Emirates in August 2025 and set up Zarea Commerce FZCO in the Dubai Silicon Oasis Freezone last year as its regional headquarters.