Pakistan, Aug. 3 -- K-Electric (KE) has announced the launch of Pakistan's first-ever retail listed short-term Islamic debt instrument namely the KE Retail Sukuk. The pre-IPO phase of PKR 1 billion, which was specifically designed for KE's industrial and large commercial consumers, as well as high-net-worth individuals, has already been completed.

The IPO round will now open on August 4 for individuals to invest from all across Pakistan, including KE's residential and commercial consumers. Currently, the IPO is operating in a blackout phase whereby only individuals are permitted to invest. Post 18th August 2025, IPO will be open to all kinds of investors including asset management companies.

This innovative financial product marks a maj...