With success of Atif Aslam's latest song, Pakistani-Indian label plans monthly collaborations

Pakistani singer Atif Aslam, left, and actress Sajal Aly collaborate for "Rafta Rafta," the latest song by Pakistani-Indian label Tarish Music released on July 21, 2021. (Photo courtesy: Tarish Music/YouTube)
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Updated 25 July 2021
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With success of Atif Aslam's latest song, Pakistani-Indian label plans monthly collaborations

  • Independent music record label Tarish Music was established earlier this year to bring together Indian and Pakistani artists
  • Label's latest track featuring Pakistani stars Atif Aslam and Sajal Aly has crossed 2.4 million views since its release on Eid Al-Adha

ISLAMABAD: The Pakistani-Indian music label behind Atif Aslam's most recent hit says it is planning to release every month collaborations bringing together artists from Pakistan and India — two neighboring countries that have been locked in enmity for the past seven decades.

While relations between Pakistan and India have been tense since the partition of the British-ruled subcontinent into Muslim Pakistan and majority Hindu India in 1947, the independent music record label, Tarish Music, seeks to create a bridge between them by bringing together artists from both countries. 

The label was established earlier this year by producers Omer Ahmad and Tarun Chaudhary. 

"The plan is to release 12 songs a year with six singers from India and six from Pakistan," the label's Pakistani co-owner, Ahmed, said in a recent interview. "We’ll release a song every month."

Their latest track "Rafta Rafta," which features Pakistani stars — the singer Aslam and actress Sajal Aly — was released on Wednesday, on Eid Al-Adha.

Shot in Pakistan's scenic mountainous northern region of Gilgit-Baltistan, "Rafta Rafta" was written by Indian singer and songwriter Raj Ranjodh and Pakistani director Hassam Baloch.

Having crossed 1 million views on the day of release, the song has now been listened to over 2.4 million times on YouTube and is currently the platform's third top trending piece.

"It was an amazing experience working with Atif Aslam, everyone knows how loved he is in the subcontinent," Ahmad said. "In terms of music, he always comes up with something fresh, innovative, and different. His vocal skills are on another level."

"It has been a truly delightful experience overall."


Pakistan’s Pak-Qatar Family Takaful to raise $3.9 million in Islamic insurance IPO

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Pakistan’s Pak-Qatar Family Takaful to raise $3.9 million in Islamic insurance IPO

  • Company to offer 50 million shares with a price band of $0.05–0.07 per share
  • Proceeds to support capital needs, digital expansion, new customer-focused products

ISLAMABAD: Pak-Qatar Family Takaful Limited, Pakistan’s largest dedicated Islamic insurance provider, will launch an initial public offering this month to raise about Rs1.1 billion ($3.9 million), with book-building scheduled for Dec. 11–12 and registration opening Dec. 8, the company said in a statement on Friday.

The offer will make Pak-Qatar the first dedicated family takaful operator to list on the Pakistan Stock Exchange, marking a notable development for the country’s insurance landscape, where penetration remains low by global standards. The IPO comes as the company looks to scale operations, strengthen technology channels and widen product distribution in a market where Shariah-compliant savings and protection instruments have grown steadily.

“Pak Qatar Family Takaful Limited is all set to list itself at Pakistan Stock Exchange through an IPO with registration starting 08th December. Through this IPO PQFTL is aiming to raise approx. Rs. 1.1 billion,” the statement said.

The company will 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.

Lead manager Shahid Ali Habib of Arif Habib Ltd. said investor response has been strong as the offering represents a sector first. According to the statement, proceeds will be used to meet capital requirements, develop new products and accelerate digital outreach.

Pak-Qatar Family Takaful 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.

Despite Pakistan’s population size, insurance penetration stood at just 0.7 percent in 2024, the company noted, adding that rising awareness and economic shifts leave room for growth compared with advanced markets where penetration has crossed 10%.