Trophy hunting season kicks off in Pakistan’s north amid poaching and poetry

In this undated photo two hunters are seen smiling after hunting down the prized ibex. (Photo Courtesy: Social Media)
Short Url
Updated 29 December 2020
Follow

Trophy hunting season kicks off in Pakistan’s north amid poaching and poetry

  • Last Sunday, three poachers were convicted and jailed for killing two ibex in Gilgit-Baltistan 
  • A local hunter paid $1,500 to kill an ibex on Friday in an official hunting season kickoff

PESHAWAR: Along the perilous gorges of the Shimshal River on a freezing December morning last Sunday, the year’s first poachers in Gilgit-Baltistan were stopped at a wildlife checkpoint.
Their car was searched and meat from the nationally protected Himalayan ibex, Pakistan’s majestic long-horned mountain goat, was discovered by officials, carefully hidden between the seats of the Toyota 4WD.
Over the years, illegal hunting in Pakistan’s Gilgit-Baltistan has become rare, and news of the poaching swept through local villages, where volunteers carry out strict surveillance against such practices.
“Conservation lovers get information and share details of illegal hunting with the wildlife department. Then we take action,” Ruman Ghayas, Range Forest Officer at the Khunjerab and Hunza national park, told Arab News. “These are the first [poaching] cases reported during this year.”
The poachers, who were caught by wildlife authorities with nearly Rs.50,000 worth of ibex meat on them — a huge sum in the impoverished northern region of Gilgit-Baltistan — have been sentenced to a year in jail and fined nearly $3,900 fine. The meat, which can sell for upwards of Rs.2000 per kg in the black market, is considered a novelty.




A Spanish hunter Paco along with his Pakistani guide Raja Mehboob Ali pose with an ibex after hunting it in Gilgit-Baltistan, Pakistan, on December 5, 2019. (Photo Courtesy: Ibex hunting in Northern areas Of Pakistan Facebook page)

The poachers’ kill of two protected ibex in the early hours of Sunday occurred two days after the official trophy hunting season kicked off, with a local hunter paying a $1,500 fee and traveling a full day in the snow on Friday for a much-celebrated hunt of the season’s first ibex, its horns almost four feet long.
In Pakistan’s northern areas, the hunting season lasts between November to April, generating hundreds of thousands of dollars in revenue each year while attracting big game seekers from abroad.
In Shimshal and nearby areas, the hunting culture is deeply romanticized as a sacred act for the community’s survival, and folk poetry passed down through the generations is attached to the hunt of the native ibex.

Though the popularity of the old songs is wearing off, on the night hunting season kicks off, villagers still gather and recite and sing folk poetry. One popular poem is about a local hunter asking forgiveness from a baby ibex for killing its mother.
More than $18 million have so far been generated from the trophy hunting scheme since 1998, which includes permits to hunt Markhor, blue sheep, ibex and urial among other rare species, according to Zakir Hussain, chief conservator for forests in Gilgit-Baltistan.
For the current season, the wildlife department has auctioned four permits for the Astore Markhor, 18 for Blue Sheep and 150 for Himalayan ibexes.




In this undated photo, Pakistani ibex spotted in the mountains of Gilgit-Baltistan, Pakistan. (Photo Courtesy: WWF Pakistan)

The hunting and conservation go hand in hand, and by making it expensive to procure hunting licenses, authorities have been successful in ensuring that the number of endangered and semi-endangered animals has risen by the thousands in the last two decades.
Locals are personally invested in the conservation of the wild animals because a huge chunk of the hunting license fee goes toward the rehabilitation of communities and an illegal hunt is viewed as a direct attack on their revenues.
“Most of the funds generated from the auction are spent on agriculture projects in the area which helps locals to live a happy life in Gilgit Baltistan,” Zulfiqar Ali, vice chairman of the Shimshal Nature Trust and a veteran conservationist, told Arab News.
Eighty percent of the money received from the trophy hunting program goes to local communities to spend on education, health and development projects, he said. The remaining 20 percent of the money is deposited in the government exchequer.
Earlier this year, the Gilgit-Baltistan government had to ban trophy hunting mid-season due to the outbreak of the novel coronavirus, which came as a huge blow to villages and communities.
But Friday’s season kickoff has brought some financial respite to villagers.
Gathered in a two-story hut in Ghanche district last week, a few dozen villagers welcomed the first hunt of the year with a popular folk song about a mother ibex, hit by a hunter’s arrow, trying to comfort her baby.
“This is not my blood in the snow,” the villagers sang. “It is just the dye of the crimson flower.”


Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

Updated 8 sec ago
Follow

Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

  • Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
  • Company says remains committed to strengthening Pakistan’s Islamic financial eco-system

KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market. 

PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.

The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.

In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.

“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said. 

“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added. 

The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector. 

“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said. 

Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”

“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said. 

“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”

PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.