Sharmeen Obaid-Chinoy offers mentoring program for next generation of Pakistani women filmmakers

Sharmeen Obaid-Chinoy attends SITARA screening hosted by Gucci and CHIME FOR CHANGE at The Shop on January 26, 2020 in Park City, Utah. (AFP/File)
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Updated 27 August 2021
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Sharmeen Obaid-Chinoy offers mentoring program for next generation of Pakistani women filmmakers

  • The Oscar winning filmmaker says she wants to help ‘women who have stories to tell and want to know how to tell them’
  • Patakha Pictures will finance short films of various genre that are under the duration of 40 minutes

RAWALPINDI: Pakistan’s Academy award winning filmmaker Sharmeen Obaid-Chinoy has announced a mentorship programme with the aim of empowering the next generation of female storytellers and help them make a mark on the global film industry, she said on Friday.
Obaid-Chinoy announced the initiative on Thursday, saying it was going to help those women who wanted to tell their stories to the world.
“As a filmmaker who lives and works in Pakistan, I’ve been very fortunate to have mentors who have enabled and opened doors for me around the world,” she told Arab News over the phone. “They have helped me tell the kind of stories I want to tell, and I think it’s time to pay it forward by enabling the next generation of female story tellers from Pakistan.”
The maker of the Oscar winning films, “Saving Face” and “A Girl in the River: The Price of Forgiveness,” launched Patakha Pictures by sharing the news on her social media account.
“Telling stories that matter is important to me and I also know how hard it is to find the finances and mentorship to do so,” Obaid-Chinoy wrote.
She added that many women had reached out to her over the years for help, and she wanted to empower them by taking the initiative.
“Young women across Pakistan want to be able to tell their stories and so today I’m launching a platform that I hope will help them do so!” she added.

The Pakistani filmmaker told Arab News the newly launched program was to help “women who have stories to tell and want to know how to tell them.”
She maintained that Patakha Pictures would give these aspiring filmmakers encouragement, funding and the required platform.
Patakha Pictures plans to finance short films that are under 40-minute duration. These films can fall into any genre, including fiction, documentary, animation and live action.
Obaid-Chinoy announced in a press release hopeful candidates could apply at any project production stage.
Fellow filmmaker Mehreen Jabbar told Arab News over the phone the initiative was “much needed.”
“It’s very important that more women get into the industry and in director producing roles,” she said. “I commend Sharmeen for starting this and wholly support it.”

 


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.