Coronavirus infections rise in Pakistan, positivity crosses 21% in Karachi

A staff member checks the body temperature of a student upon her arrival at a school in Karachi, Pakistan, on June 7, 2021. (AFP/File)
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Updated 23 June 2022
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Coronavirus infections rise in Pakistan, positivity crosses 21% in Karachi

  • In March, Pakistan disbanded COVID-19 response body as infections were at lowest since start of pandemic in 2020
  • South Asian country reported 268 positive cases in last 24 hours with 1.53 percent positivity ratio, up from 0.82 percent in March

ISLAMABAD: Coronavirus cases are once more on the rise in Pakistan, with the positivity rate in Karachi, the country’s largest city, crossing 21 percent as per data shared by the government on Thursday.

In late March, Pakistan disbanded the National Command and Operations Center (NCOC), which was overseeing the COVID-19 response in the country, as infection numbers were at the lowest since the start of the outbreak early in 2020.

Now once again, COVID-19 infections are increasing in Pakistan, with 268 positive COVID-19 cases reported in the last 24 hours, with a 2.14 percent positivity ratio, up from 0.82 percent on March 31.

The country had on March 16 lifted most restrictions aimed at stopping the spread of COVID-19. Pakistan has faced four infections waves in the last two years, which were effectively managed by the NCOC.

“With Covid indicators at all-time lows and high levels of vaccination, (the) baton (is) now being passed on to the health ministry,” then planning minister and NCOC chief Asad Umar had said when the coronavirus response center was disbanded.

Pakistan has administered at least 260,941,098 doses of COVID vaccines so far. Assuming every person needs two doses, that is enough to have vaccinated about 60.2 percent of the country’s population.


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.