Aurangzeb chairs CMDC meeting: Corporate debt issuances reach Rs291bn mark

Pakistan’s corporate debt issuances totalled Rs291 billion in January-September 2026, while average daily trading value rose above Rs10 billion in FY2027 to October 15, Business Recorder reported. Finance Minister Muhammad Aurangzeb chaired a Capital Market Development Council meeting to review reforms aimed at broadening access to long-term financing.

The council also discussed a proposed Shariah-compliant Sukuk programme by National Grid Company of Pakistan Limited, with a size of up to Rs100 billion and an initial issue of up to Rs20 billion. The programme would be offered in tranches through PSX-listed public offerings, subject to approvals and market conditions.

Reform work covers issuance and listing procedures, market infrastructure, investor protection and tax matters. The council also reviewed efforts to encourage SME financing and wider participation by institutional investors, including banks, pension funds and insurers.