Pakistan plans to set up central film directorate to revive motion picture industry

An advertising poster for a film is seen outside a movie theater in Karachi, Pakistan, on September 30, 2016. (REUTERS/File)
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Updated 16 June 2021
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Pakistan plans to set up central film directorate to revive motion picture industry

  • A draft policy document by information ministry proposes to set up film city and media university, offers tax exemptions for industry
  • Critics say document is ‘poorly drafted,’ does not address central issues like censorship and arbitrary functioning of censor boards

RAWALPINDI: Pakistan plans to set up a central film directorate, a film city, and a media university in a push to revive its beleaguered motion picture industry, according to a new policy document prepared by the ministry of information and broadcasting and seen by Arab News on Tuesday. 
Last month, the information ministry announced it was working to overhaul the policy framework governing the country’s film and drama industry.
The draft document, called the ‘Moving Picture Policy 2021’, covers a broad spectrum of issues, ranging from the rights of artists to the holding of film festivals and the preservation of motion pictures, though critics believe it fails to cover some the most basic and vital problems confronting the industry, including censorship and funding.
Speaking to Arab News, Information Minister Chaudhry Fawad Hussain said the policy was still being finalized, adding that the government had shared its draft version with relevant stakeholders for their feedback.
The policy document says the proposed film development directorate would become a focal point for all films, dramas and web productions in Pakistan and play a pivotal role in their promotion.
“Film Development Directorate of the Ministry of Information and Broadcasting, based in Islamabad with Regional Offices in Lahore and Karachi shall be the Central Agency to encourage high quality Films, Dramas and other Moving Pictures,” the draft document said. 
It also discusses exemption from custom duties on the import and export of films for a limited period while proposing low-cost tickets for tax filers.
Other than that, the document proposes “100 percent income tax exemption for at least three years” for productions entirely shot in Pakistan to revive the industry and “establish [it] as a contributor to the GDP.”
The Moving Picture Policy 2021 envisions creating a film city which will allow filmmakers to utilize centralized resources, adding that the government would engage with foreign film productions and open up the country as a desirable shooting location for international creatives.
The establishment of a media university to empower future filmmakers who want to join the field is also proposed in the document.
The institute “will be tasked to polish the talent and provide human resource in all related fields of the industry” and “create the required linkages with the international sister institutions, academia, and literati in order to diversify the imagination and horizon of its students.”
However, filmmaker and journalist Hasan Zaidi took to Twitter and said the document was “poorly drafted” and “filled with hot air.”

“First, you have to identify what are the major problems that are holding back the industry,” Zaidi told Arab News. “I don’t see such a process at work here. This just comes off as a random bunch of things put together.”
He also said the proposed policy did not address vital issues such as censorship and “the arbitrary way censor boards function” in Pakistan.
He said there was no seed money available to people who wanted to make films in Pakistan, lamenting that “there is nothing about that” in the document.


Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

Updated 29 December 2025
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Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

  • Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
  • Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027

ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.

A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.

Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.

“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”

Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.

He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.

“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.

“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”

He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.