Pakistani army says will play ‘due part’ in achieving vision of new national security policy

Pakistani troops patrol along Pakistan-Afghanistan border at Big Ben post in Khyber district in Khyber Pakhtunkhwa province, Pakistan, on August 3, 2021. (AFP/File)
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Updated 29 December 2021
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Pakistani army says will play ‘due part’ in achieving vision of new national security policy

  • Maj Gen Babar Iftikhar says framework recognizes interlinkages between strands of national security
  • The policy has been formulated over last seven years in consultation with all relevant stakeholders

ISLAMABAD: The armed forces of Pakistan will play their “due part” in achieving the vision laid out in the National Security Policy (NSP) 2022-2026, the Pakistani military spokesman said on Tuesday. 
Pakistan’s National Security Committee (NSC) endorsed the policy in a high-level huddle on Monday, aiming to ensure safety, security and dignity of its citizens. 
Earlier in the day, Prime Minister Imran Khan's cabinet approved the new strategy, with the national security adviser saying it was “citizen-centric” and had “economic security” at its core. 
"NSP is an important milestone in strengthening national security of Pakistan. The comprehensive framework recognizes interlinkages between various strands of national security, imperative to meet emerging challenges in evolving global environment through a whole-of-government effort," said Major General Babar Iftikhar, the director-general of the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing. 
"Pakistan’s armed forces will play their due part in achieving the vision laid out in the policy," he added. 
Pakistan's National Security Adviser Moeed Yusuf earlier said the approval of the NSP by the cabinet was a “historic achievement.” 
"A citizen-centric comprehensive National Security Policy with economic security at the core will now be pursued in earnest," Pakistani NSA Moeed Yusuf said on Twitter. 
“This umbrella document will, over time, help guide sectoral policies for the fulfilment of our national security objectives.” 




Prime Minister Imran Khan (center) chairs cabinet meeting in Islamabad, Pakistan, on December 28, 2021. (PM Office)

He thanked the civil and military leadership for all their support and input, saying the policy would not have seen the light of day without the prime minister’s constant leadership and encouragement. 
“The success of the policy will lie in its implementation for which a plan has been developed,” Yusuf said, adding a public version of the document would be released in due course.  
On Monday, PM Khan directed that the policy must guide all organs of the government to ensure their efforts were synchronized with the overall direction of the strategy.  
“The security of Pakistan rests in the security of its citizens,” he emphasized during the NSC meeting, while reposing confidence that Pakistan was well prepared to thwart any internal and external threats.  
Pakistan’s National Security Division has devised a detailed framework to review the implementation of the policy in collaboration with relevant ministries and departments. 


Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

Updated 22 January 2026
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Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

  • Pak-Qatar General Takaful Limited offered 30 million shares to investors with ceiling price of Rs14 per share
  • Company says IPO proceeds will be used for investments in software, infrastructure, setting up new branches

ISLAMABAD: Pakistan’s first non-life Shariah-compliant takaful operator announced on Thursday that its initial public offering (IPO) was oversubscribed 21 times at the country’s stock exchange, saying the development reflected strong investor confidence in the Islamic insurance system. 

The Pak-Qatar General Takaful Limited said earlier this month 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 percent of the shares on offer, while the remaining 25 percent will be allocated to retail investors, it added. 

“Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX,” the company said in a statement. 

It said investors responded “strongly” as the strike price closed at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion [$17 million].

The company said successful bidders will be provisionally allotted 22.5 million shares while the remaining 7.5 million shares will be offered to retail investors on Jan. 28-29. 

Shahid Ali Habib, CEO of Arif Habib Ltd., which was the lead manager for the IPO, said that country’s first-ever IPO of any dedicated general takaful company, has made a historic debut at PSX.

Habib said this reflects investor confidence in Pakistan’s fast-growing takaful sector and PQGTL’s strong market position.

The statement further said proceeds from the IPO will be utilized to fund strategic initiatives, such as investments in software and other intangible assets, hardware and infrastructure, marketing and brand development and human resource enhancement. 

Proceeds will also be used to establish new branches and transform existing ones to improve operational efficiency and customer experience, it added. 

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