About 8,500 Pakistani Hajj pilgrims arrive in Saudi Arabia in five days

Mask-clad Pakistani travellers arriving to Saudi Arabia to perform the year-round Umrah pilgrimage, walk with their luggage at King Abdulaziz International Airport in the Red Sea coastal city of Jeddah on November 30, 2020. (AFP/ File)
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Updated 11 June 2022
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About 8,500 Pakistani Hajj pilgrims arrive in Saudi Arabia in five days

  • More than 1,500 Pakistani pilgrims will be flown to Madinah on Saturday 
  • Hajj flight operation, comprising 106 flights, will conclude on June 30 

ISLAMABAD: Pakistan’s Religious Affairs Minister Mufti Abdul Shakoor on Saturday said that around 8,500 Pakistani pilgrims had arrived in Saudi Arabia to perform the Hajj pilgrimage, since the start of a special flight operation by Pakistan on June 6. 

The first Hajj flight carrying Pakistani pilgrims departed from Islamabad on June 6. Pakistan has been allotted a quota of 81,132 pilgrims for this year’s Hajj, with 32,000 people using a government scheme and 48,000 traveling through private operators. 

“Through Hajj flights operation in the last five days, 8,500 pilgrims have arrived in Saudi Arabia, more than 1,500 pilgrims will be flown to Madinah by 5 Hajj flights on Saturday,” the Pakistani religious affairs ministry said in a statement. 

Pakistan will operate 42 flights to transport 14,007 Hajj pilgrims to Saudi Arabia under the “Road to Makkah” initiative this year. 

Under the initiative, all immigration requirements of pilgrims are to be fulfilled at the airport of origin. This saves pilgrims several hours upon reaching the kingdom since they can just enter the country, having gone through immigration already at home. 

These 42 flights will be operated from the Islamabad airport, where Pakistan implemented a pilot project in 2019. The Road to Makkah initiative also includes Indonesia and Malaysia. 

Saudi Arabia has allowed up to one million people to join the Hajj pilgrimage this year, inviting pilgrims from foreign countries for the first time after two years of COVID-19 restrictions saw the annual pilgrimage limited to residents of the kingdom. 

Pilgrims this year must be under the age of 65 and fully vaccinated against the coronavirus.


Pakistan stocks hit another all-time high as optimism prevails over worker remittances

Updated 20 January 2026
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Pakistan stocks hit another all-time high as optimism prevails over worker remittances

  • Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
  • ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.

Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.

On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.

Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.

“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.

Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.

Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.

“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.

CKD means the cars are assembled locally from imported parts.

Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.

It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.