UNHCR welcomes Pakistan's steps to ease movement at Afghanistan border

Afghans enter border town of Chaman walking past Pakistani soldiers manning the Pakistan-Afghanistan border crossing in Balochistan province - August 17, 2021. (AN photo)
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Updated 28 October 2021
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UNHCR welcomes Pakistan's steps to ease movement at Afghanistan border

  • Landlocked Afghanistan largely depends on cross-border travel and trade with Pakistan
  • UNHCR urges international community to financially support Afghans refugees hosted by Pakistan

ISLAMABAD: The United Nations refugee agency (UNHCR) welcomed on Thursday Pakistan's decision to ease restrictions at border crossings with Afghanistan to facilitate the movement of people and goods.

As Afghanistan sinks deeper into economic crisis following the Taliban takeover in mid-August, the recent closure of the Chaman border crossing that links the Balochistan province of Pakistan with the Afghan province of Kandahar, and interruptions to traffic at Torkham in Pakistan’s Khyber Pakhtunkhwa province, as well as the suspension of Pakistan Airlines flights from Kabul, have left Afghanistan largely cut off.

Ambassador Muhammad Sadiq, Pakistan’s special representative for Afghanistan, announced last week that the Torkham border crossing, the largest border terminal between the two neighboring countries, would remain open for pedestrians 12 hours a day.

The Chaman border point was briefly opened on Sunday night and people from both sides were allowed to cross over mainly on medical grounds. As it was closed again, Pakistani officials said the issue was on the Afghan side and they expected it to be resolved within the next few days.

"UNHCR, the UN Refugee Agency, welcomes the recent announcement by Pakistani authorities to ease the movement of people and goods through official border points with Afghanistan," the UN agency said in a statement. "Disruptions have left many Afghans, including women, children and those needing urgent medical attention, stranded for weeks at the Chaman-Spin Boldak crossing between the two countries."

"The new steps help reduce fears and risks that many will be pushed into the hands of human smugglers and traffickers, with deadly consequences, when official cross-border channels are shut."  

It also appealed to the international community to urgently increase financial contributions to displaced Afghans both within and outside the country, as they will desperately require support to survive the coming winter.

"Increased international support is urgently needed to allow continued protection for more than 1.4 million registered Afghan refugees already in Pakistan," UNHCR said.

Pakistan is the third largest refugee-hosting country after Turkey and Colombia and hosts 1.4 million registered refugees from neighboring war-torn Afghanistan. The actual number of Afghan refugees in Pakistan is estimated by the government to be even 3.5 million.


Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

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Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

  • Pak-Qatar General Takaful Limited plans to raise up to $1.5 million through initial public offering
  • Institutional investors will get 75% of shares, while the remaining 25% will go to retail investors

KARACHI: Pakistan’s first dedicated non-life Shariah-compliant takaful operator said on Monday it will launch an initial public offering this month, seeking to raise up to Rs 420 million ($1.5 million) as Islamic finance gains traction in the country’s capital markets.

The company, Pak-Qatar General Takaful Limited, said it would issue 30 million shares, with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75% of the shares on offer, while the remaining 25% will be allocated to retail investors.

“Arif Habib Limited has been mandated by Pak-Qatar General Takaful Limited to act as the consultant and book runner for raising funds through the initial public offering,” it announced in a statement.

The book-building process for the offering will take place on Jan. 21-22, it added, with investor registration opening on Jan. 16, while public subscriptions are scheduled for Jan. 28-29.

The offering follows the recent listing of Pak-Qatar Family Takaful Limited, which raised Rs 901 million ($3.23 million) last month in Pakistan’s first Islamic insurance sector IPO, an issue that was oversubscribed several times.

Proceeds from the IPO will be used to strengthen the company’s capital base and support investments in technology, infrastructure and branch expansion, said the statement.

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.