Pakistan holds nationwide protests over Qur’an burning in Sweden 

Activists of the right-wing religious Jamaat-e-Islami (JI) party hold copies of the Qur'an during an anti-Sweden demonstration in Karachi on July 5, 2023, following the burning of the Koran outside a Stockholm mosque that outraged Muslims around the world. (AFP)
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Updated 07 July 2023
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Pakistan holds nationwide protests over Qur’an burning in Sweden 

  • The demonstrations were held in almost all major cities, including Karachi, Lahore & Islamabad 
  • The Pakistani Foreign Office says it has raised the matter with the Swedish envoy to Islamabad 

ISLAMABAD: People in Pakistan held on Friday nationwide demonstrations to protest last week’s burning of a copy of the Holy Qur’an in Sweden, which has drawn a strong reaction from the Muslim world. 

Major rallies were being held in the eastern city of Lahore and Karachi, the commercial hub of the country. In the federal capital of Islamabad, lawyers holding copies of the Qur’an protested outside the Supreme Court, while worshippers held demonstrations outside mosques after the Friday prayers. 

Supporters of Pakistan’s Jamaat-e-Islami (JI) party were holding rallies in major cities, including Karachi, Lahore, Peshawar and Quetta, across the country to protest the desecration of the Holy Qur’an. 

Prime Minister Shehbaz Sharif announced this week that his country would hold the ‘Yaum-e-Taqaddus-e-Qur’an’ (day to observe the sacrosanctity of the Qur’an) on July 7, while Pakistan’s parliament on Thursday condemned a resolution the desecration of the holy book. 

“Never has anyone heard or seen the Bible being desecrated or burnt here,” PM Sharif said, calling on the Swedish government to clear its stance regarding the matter. “We respect all religions so that no one points a finger at our religion or the holy book.” 

Anger has grown in the Muslim world since Salwan Momika, a 37-year-old refugee from Iraq, on June 28 desecrated the Qur’an and set fire to its pages in front of Stockholm’s largest mosque. The act came during the major Muslim holiday of Eid Al-Adha. 

Countries throughout the Middle East and beyond have denounced the burning, some recalled their ambassadors, and foreign ministries summoned the Swedish ambassadors to their countries to hear official protests. The European Union also condemned the incident, terming it “offensive,” “disrespectful” and an “act of provocation.” 

The Pakistani foreign office said on Thursday it had raised the matter with the Swedish envoy to Islamabad. 

“Like in the past we have raised our concerns on this incident with the Swedish authorities,” FO spokesperson Mumtaz Zahra Baloch said during a weekly press briefing. 

“I can confirm that, yes, we have raised this with the Charge d’Affaires of Sweden in Islamabad and our dialogue with Sweden will continue.” 

The United Nations Human Rights Council (UNHRC) also said this week it had decided to hold an “urgent” session to discuss desecration of the Holy Qur’an in Sweden after Pakistan requested it on behalf of several member countries of the Organization for Islamic Cooperation (OIC). 
 


Pakistan’s Engro executes $475 million Islamic financing deal to expand telecom infrastructure

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Pakistan’s Engro executes $475 million Islamic financing deal to expand telecom infrastructure

  • Islamic banking accounts for over a fifth of Pakistan’s banking assets amid a shift toward Shariah-compliant finance
  • The deal brings more than 10,000 telecom towers under Engro’s control, enabling their shared use by multiple operators

KARACHI: Pakistan’s largest conglomerate Engro Corp. has completed a Rs133 billion ($475 million) Islamic financing deal to acquire telecom tower company Deodar, expanding its telecom infrastructure business as the country seeks to strengthen digital connectivity, the company said on Friday.

The transaction, structured entirely through Shariah-compliant financing, brings more than 10,000 telecom towers under Engro’s control and marks one of the largest Islamic financing deals in Pakistan’s infrastructure sector.

Engro, which has major interests in energy, fertilizers, food and petrochemicals, said the acquisition would allow it to scale shared telecom infrastructure, under which a single tower can host multiple mobile network operators, lowering costs and reducing duplication as Pakistan prepares for next-generation digital services.

“My congratulations to the Dawood family and Engro, the Islamic bankers and conventional banks through their Islamic windows on being able to put together a deal of this size,” State Bank of Pakistan Governor Jameel Ahmed said at a ceremony marking the transaction, referring to the company and its chairman. “This is a great achievement which has been supported by the banks.”

The deal was supported by a group of local banks, including United Bank Limited and Meezan Bank, Engro said, highlighting the increasing role of Islamic financing in funding long-term investment in Pakistan.

Islamic banking, which operates without interest and is based on profit-and-loss sharing structures, accounts for more than a fifth of Pakistan’s banking assets, and authorities have said they aim to transition the financial system toward Shariah compliance over the coming years.

The acquisition of Deodar, which was originally carved out of mobile operator Jazz, also aligns with government efforts to digitize the economy by expanding broadband access and supporting digital payments, e-commerce and online public services, though progress has remained uneven due to infrastructure and regulatory challenges.