The Ministry of Finance has decided to launch hybrid Sukuk bonds for the first time in the history of the country during the current fiscal year to secure financial support for the national treasury.
Under this new financial model, the government will generate financing by selling commodities in addition to the traditional method of mortgaging assets. This economic strategy will also be shared with the International Monetary Fund (IMF).
To ensure transparency and efficiency, the government will hire a third party to manage the commodity sale process. The commodities acquired under the hybrid Sukuk financing structure will be sold directly in the open market to raise immediate funds.
The Ministry of Finance has requested the latest asset details from the National Highway Authority (NHA) to facilitate the successful issuance of the bonds.
The current value of National Highway Authority assets is estimated at over Rs, 7 trillion, an increase from 5.5 trillion rupees recorded in the previous fiscal year. This 1.5 trillion rupee increase in asset value will allow the government to issue additional Sukuk bonds equivalent to the increased worth.
