National Grid Co plans to issue Rs100b Sukuk

National Grid Company of Pakistan Limited is preparing a Sukuk programme of up to Rs100 billion, with its first Shariah-compliant issue set at Rs20 billion and a 10-year maturity. The Express Tribune reported that the financing would be offered in separate tranches through public offerings on the Pakistan Stock Exchange, subject to approvals and market conditions.

The proposal was discussed at the Capital Market Development Council’s meeting chaired by Finance Minister Muhammad Aurangzeb on Friday. The council was told that corporate debt issuance totalled Rs291 billion in January-September 2026, after Rs326 billion was raised in 2025, while 12 listed debt issues worth Rs45.4 billion came to market from February 2025 to September 2026. The initiative is intended to showcase listed corporate debt and support wider access to long-term capital.