Pakistan, July 24 -- Meezan Bank has advised the Government of Pakistan on the successful issuance of the country's first short-term sovereign hybrid Sukuk, acting as Joint Financial Advisor on the landmark transaction featuring three-month and six-month tenors.

The issuance, launched by the Ministry of Finance, introduces Pakistan's first asset-light short-term sovereign hybrid Sukuk and defining moment in the growth of Pakistan's Islamic financial sector.

The pioneering transaction introduces Pakistan's first short-term asset-light Sovereign Hybrid Sukuk, combining Ijarah and Commodity Murabaha structures. The instrument offers the Government an innovative sovereign funding solution while strengthening liquidity management for the cou...