Family of Pakistani father and son who died in Titan submersible shares memories and gratitude

This undated handout from the Dawood Hercules Corporation released on June 20, 2023 shows businessman Shahzada Dawood, the vice-chairman of Karachi-headquartered conglomerate Engro, and his son Suleman. (AFP/File)
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Updated 28 June 2023
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Family of Pakistani father and son who died in Titan submersible shares memories and gratitude

  • Prayers arranged by family of Shahzada Dawood, son, Suleman, 19, days after authorities confirmed everyone on Titan died
  • The submersible carrying five people imploded near the site of the shipwrecked Titanic and killed everyone on board

ISLAMABAD: The family of two Pakistani men who died in the implosion of a submersible as it descended to the wreckage of the Titanic held a virtual memorial service Tuesday and thanked everyone who tried to rescue the father and son or sent condolences from around the world.

The prayer service was arranged by the family of Shahzada Dawood and his 19-year-old son, Suleman, days after authorities confirmed that everyone on the Titan died. The submersible carrying five people imploded near the site of the shipwrecked Titanic and killed everyone on board.

Shahzada Dawood’s widow, Christina Dawood, was in tears as she shared memories of her husband and son. She was on board a support vessel on June 18 when she got word that communications with the Titan submersible had been lost during its voyage to the ocean floor.

In her remarks, she thanked those who had helped the family in its time of grief. The service was broadcast on YouTube through the family’s charity, the Dawood Foundation.

Shahzada and Suleman Dawood were members of one of Pakistan’s most prominent families. The elder man’s father, Hussain Dawood, said during Tuesday’s service that his son and grandson were gifts of God that had been taken back by God.

He also described the two as martyrs and said “martyrs go straight to paradise.”

“What does the father say” when he faces such a tragedy, he asked.

Hussain Dawood, said Suleman and Shahzada were very excited about going to see the Titanic and before leaving for their voyage convinced him that “we should go to Antarctica, too” next winter.

“I’m actually convinced they have enriched our lives beyond measure,” Dawood said, vowing, “We will take forward their legacy.”

Christina Dawood shared memories of when she first met her husband and their wedding in Pakistan’s eastern city of Lahore.

When Suleman was born, her husband was happy like other fathers but “when he held his son for the first time, I just knew these two belong together,” the wife and mother said. 

She sensed then that he had “found a long-lost companion for his adventures to come.”


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.