Pakistan issues 3,000 visas to Indian Sikh pilgrims for Guru Nanak’s birth anniversary

Sikh pilgrims arrive to take part in a religious ritual on the occasion of the 481st death anniversary of Baba Guru Nanak Dev Ji, the founder of Sikhism, at the Gurdwara Darbar Sahib in Kartarpur near the India-Pakistan border on September 22, 2020. (AFP/ File)
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Updated 14 November 2021
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Pakistan issues 3,000 visas to Indian Sikh pilgrims for Guru Nanak’s birth anniversary

  • Every year, thousands of Sikhs travel to Pakistan to participate in celebrations
  • Guru Nanak’s birth anniversary celebrations will begin on Nov. 17

ISLAMABAD: Pakistan has issued 3,000 visas to Indian Sikh pilgrims to arrive for celebrations marking the 552nd birth anniversary of Guru Nanak, the founder of Sikhism, the information ministry said on Saturday.

Every year, thousands of Sikhs travel to Pakistan to participate in Guru Nanak’s birth anniversary celebrations. This year, they will begin on Nov. 17.

“Pakistan High Commission in New Delhi has issued around 3000 visas to Indian Sikh Yatrees to participate in the 552nd Birth Anniversary celebrations of Baba Guru Nanak in Pakistan from 17-26 November 2021,” the ministry said.

During their stay in Pakistan, Sikh pilgrims would pay respect at different Gurdwaras, including Gurdwara Janamasthan and Gurdawara Darbar Sahib.

“The issuance of maximum number of pilgrimage visas is in line with the Government of Pakistan’s efforts for promoting visits to religious shrines in Pakistan,” the ministry’s statement read.

Much of the Sikh heritage is located in Pakistan, including Gurdwara Darbar Sahib in Kartarpur, which is also of particular importance to the Sikh community as it was built in tribute to Guru Nanak, who established the town of Kartarpur in 1515. It is also his final resting place.

The Pakistani government has in recent years taken several initiatives to facilitate Sikh pilgrims, including by opening in 2019 a visa-free passage, the Kartarpur corridor, connecting Gurdwara Darbar Sahib to the border with India and allowing Indian Sikhs to visit the site.

The opening of the corridor on Nov. 9, 2019 marked the first time Indian Sikh pilgrims could enter Pakistan without a visa since 1947.


Pakistani stocks hit record high on UAE investment optimism

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Pakistani stocks hit record high on UAE investment optimism

  • Pakistan is in talks with the UAE to convert its $1 billion loan into equity investment
  • The KSE-100 index on Monday gained 1,495.61 points to close at 173,896.34 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday closed at an all-time high of 173,896 points, traders and analysts said, attributing it to investor confidence in a prospective United Arab Emirates (UAE) investment in a Pakistani conglomerate, Fauji Foundation.

The benchmark KSE-100 index gained 1,495.61 points, or 0.87%, to close at 173,896.34, up from the previous close of 172,400.73. The index crossed 174,000 points during intra-day trading, with Pakistan's Finance Adviser Khurram Schehzad calling it a "strong start" to the week.

Ahsan Mehanti, Chief Executive Officer of Arif Habib Commodities, said the government’s deliberation on the privatization of ailing state-owned enterprises, rupee stability, and surging crude oil prices also played a catalytic role in the bullish trend.

"Stocks closed all-time high as investor eye UAE $1 billion rollover liability set to end [by] acquiring shareholding in Fauji Foundation," he told Arab News.

The development came days after Pakistan's Deputy Prime Minister Ishaq Dar said the country was seeking to convert part of its financial support from the UAE into long-term investment to reduce external debt.

Pakistan has been in talks with the UAE to convert its $1 billion loan in deposits into equity investment, potentially involving stakes in companies linked to the Fauji Fertilizer Group — a move that would eliminate Pakistan’s repayment obligation.

Since Jan 2025, the PSX has delivered more than 50% returns in US dollar terms, making it one of the best markets in Asia, with 2025 being another year of strong gains for investors, according to Schehzad.

"Investor participation is rising fast — the equity investor base has crossed 450,000, up 120,000+ investors (+37%) in 18 months," he said on X.

"These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth."

In recent years, Pakistan has implemented stringent structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.

The South Asian country’s foreign exchange reserves have also risen past the $21 billion mark, according to the central bank’s latest data.