Pakistani envoy meets Afghan Taliban leaders in Kabul, shares Islamabad’s concerns over militancy 

Pakistan's special envoy for Afghanistan Asif Durrani (center, left) meets Afghan Foreign Minister Mawlawi Amir Khan Muttaqi (center, right) in Kabul, Afghanistan, on July 19, 2023. (Photo courtesy: Twitter/QaharBalkhi)
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Updated 21 July 2023
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Pakistani envoy meets Afghan Taliban leaders in Kabul, shares Islamabad’s concerns over militancy 

  • Ambassador Asif Durrani is in Kabul on a three-day visit, his maiden since becoming Pakistan’s special representative 
  • The visit comes amid a renewed wave of militant attacks in Pakistan’s northwest and southwest that border Afghanistan 

ISLAMABAD: Pakistan’s special representative to Afghanistan, Ambassadors Asif Durrani, has taken up all issues of mutual concern, including militant threat and attacks in Pakistan, with the Afghan Taliban authorities, Pakistan’s Foreign Office said on Friday, amid a visit by the Pakistani envoy to Kabul. 

Durrani arrived in Kabul on a three-day visit on July 19, his first official visit to Afghanistan since assuming responsibilities as Pakistan’s special representative to the neighboring country. 

Durrani met with Afghanistan’s Acting Prime Minister Mawlawi Abdul Kabir, Acting Minister for Foreign Affairs Mawlawi Amir Khan Muttaqi, Acting Minister for Commerce Nooruddin Azizi and other high-ranking Taliban officials, according to the Pakistani foreign office. 

“We have discussed all issues of our concern, including the terrorist threat and terrorist acts, that take place in Pakistan,” Foreign Office spokesperson Mumtaz Zahra Baloch told reporters at a press briefing on Friday. 

“Pakistan has raised this issue with the Afghan authorities at every important engagement that takes place between Pakistani and Afghan authorities.”




Pakistan's special envoy for Afghanistan Asif Durrani (left) calls on Afghan Foreign Minister Mawlawi Amir Khan Muttaqi in Kabul, Afghanistan, on July 19, 2023. (@QaharBalkhi/Twitter)

 Pakistan raised the issue and discussed the threats that had been made from the Afghani soil, according to Baloch. 

Durrani reaffirmed Pakistan’s firm commitment to work closely with Afghanistan in promoting the mutually reinforcing goals of regional peace and security. 

“I assure you that all issues of our concern and all aspects of mutual cooperation are on the agenda of this visit,” she said, adding militancy was a matter of “serious concern” for Pakistan. 

Afghanistan had given the commitment, including in the trilateral agreement between Pakistan, Afghanistan and China, that it would not allow any individual or group, including the Tehreek-e-Taliban Pakistan (TTP), to pose a threat to other’s security, Baloch said. 

“We hope that Afghanistan will adhere to the commitments it has made to Pakistan and to the international community and ensure that its soil on not used for terrorism,” she added. 

The visit by the Pakistani special representative comes at a time of a renewed wave of militant attacks in Pakistan’s northwestern and southwestern regions that border Afghanistan. 

On Thursday, at least four people were killed and 10 were injured in the northwestern Pakistani district of Khyber after two suicide bombers attacked a compound that housed a police station and several government offices, the police said. 

The attacks have increased particularly after the TTP, or the Pakistani Taliban, called off a fragile, months-long truce with the central government in Islamabad in November last year. The militant group, which is said to have sanctuaries in neighboring Afghanistan, is separate from but a close ally of the Afghan Taliban. 

Islamabad says it has time and again raised the matter of TTP with the Afghan Taliban authorities, but there has been a lukewarm response from Kabul. 


Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

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Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

  • Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
  • Company says remains committed to strengthening Pakistan’s Islamic financial eco-system

KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market. 

PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.

The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.

In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.

“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said. 

“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added. 

The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector. 

“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said. 

Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”

“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said. 

“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”

PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.