Pakistani Hajj pilgrims under government scheme to receive Rs150,000 in subsidy from August 17

Federal Minister for Religious Affairs, Mufti Abdul Shakoor (right), address a press conference in Islamabad, Pakistan, on August 15, 2022. (Federal Minister for Religious Affairs)
Short Url
Updated 15 August 2022
Follow

Pakistani Hajj pilgrims under government scheme to receive Rs150,000 in subsidy from August 17

  • The government will inform Hajj pilgrims about the disbursement by sending them text messages
  • Pakistani minister says the country saved substantial amount during Hajj due to Saudi assistance

ISLAMABAD: Federal Minister for Religious Affairs Mufti Abdul Shakoor said on Monday Pakistani pilgrims performing Hajj under the government scheme would start receiving a subsidy of Rs150,000 from August 17 as the country said it had completed of its Hajj operation this year.

The government announced a subsidy of Rs4.88 billion which would be disbursed among pilgrims who returned from the kingdom after performing the pilgrimage.

The total Hajj expenditure under the government scheme exceeded Rs860,000, though people will now be getting some financial relaxation after the announcement of the subsidy.

“Our Hajj operation has completed successfully and without any untoward incident,” the minister told Arab News on the sidelines of a post-Hajj news conference in the federal capital. “All people who performed their pilgrimage under the government scheme will start getting Rs150,000 back from August 17 and this disbursement process will complete by August 31.”

He said the pilgrims would be informed about the disbursement through text messages.

“They will get the amount by showing that message along with their national identity card and passport to the bank,” the minister continued. “The bank will transfer the amount into the pilgrim’s account after that.”

Saudi Arabia allowed about a million people to perform Hajj this year after lifting strict coronavirus restrictions which were imposed after the emergence of the pandemic.

Pakistan’s religious affairs minister said the kingdom supported his country’s Hajj mission in every possible way, adding it even increased the South Asian nation’s quota by adding 2,000 more people.

“Due to the hard work of our team and cooperation of Saudis, we succeeded in reducing the expenses by nearly 1,500 Riyal per pilgrim than we had initially anticipated,” he said.

The minister also informed that over 15,000 Pakistani pilgrims under the government scheme had also benefitted from the Makkah Route Initiative.

“The pilgrims were provided residences near the Grand Mosque [in Makkah] and four- and five-star hotels in Madinah,” he said. “Apart from that, they were given the best transportation and food services as well.”

The minister informed it was the first time pilgrims under the government scheme got their boarding passes 24 hours before their return to the country.
He added their luggage was also booked much ahead of their return flight, which saved them time at the airport.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
Follow

Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.