MULTAN: A speeding bus carrying mostly laborers traveling home for a major Muslim holiday rammed into a container truck on a busy highway in central Pakistan on Monday, killing at least 33 people and injuring 40, police and rescue officials said.
The bus had left the city of Sialkot and was traveling on Taunsa Road; its destination was the city of Dera Ghazi Khan in eastern Punjab province, said senior police officer Hassan Javed. The exact cause of the accident is still under investigation, he said.
Rescuers transported the dead and injured to a nearby hospital. According to Sher Khan who was in charge of the rescue team at the site, some of the injured were in critical condition. He said the bus driver was among the 33 killed in the accident.
Khan said the passengers were traveling to their home district of Rajanpur to celebrate the upcoming Eid Al-Adha feast.
TV footage and photos circulating on social media showed rescuers trying to pull out bodies from the badly mangled bus. In one image, some of the injured are seen sitting near the bus, waiting for medical help.
Pakistan’s Information Minister Fawad Chaudhry expressed his condolences on Twitter and advised public transport drivers to be more careful of the lives of the people they have been entrusted with.
“When will we as a nation realize that the violation of traffic rules is fatal,” he said.
Deadly accidents are common in Pakistan due to poor road infrastructure and disregard for traffic laws.
Bus crashes in Pakistan, killing 33 people and injuring 40
https://arab.news/r4ysr
Bus crashes in Pakistan, killing 33 people and injuring 40
- Speeding bus was carrying mostly laborers traveling home for the Eid holiday
- It rammed into a container truck on a busy highway in central Pakistan on Monday
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.
