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Sukuk market growing at 22% CAGR, but foreign investment remains underwhelming, says Aurangzeb
Finance Minister Senator Muhammad Aurangzeb said Pakistan’s Sukuk market has grown at a compound annual growth rate of around 22%, but foreign investment in Sharia-compliant instruments remains underwhelming and needs to be actively promoted. The finance minister made the comments while addressing a ceremony marking the achievement of Rs10 trillion in Sovereign Sukuk, alongside the issuance of Hybrid and Short-Term Sukuk. “It is not about the absolute numbers that we are celebrating today, but the efforts taken to diversify the Sukuk market and introduce greater flexibility in sovereign financ...
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