PM Sharif, president extend Easter greetings to Pakistani Christians 

Catholic faithful offer prayers on Easter Sunday commemorating the resurrection of Jesus as part of the Holy Week celebrations at the Sacred Heart Cathedral in Lahore on March 31, 2024. (AFP)
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Updated 31 March 2024
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PM Sharif, president extend Easter greetings to Pakistani Christians 

  • PM Shehbaz Sharif calls for joining hands to build a society more tolerant and cohesive
  • President Zardari says Easter brings with it message of hope, love and prosperity 

ISLAMABAD: Prime Minister Shehbaz Sharif and President Asif Ali Zardari on Sunday extended Easter greetings to Pakistani Christians celebrating the holiday, acknowledging their valuable contributions to the country’s development and progress. 

Easter is the most important festival of the year for most Christians, commemorating the resurrection of Jesus as it is described in the New Testament.

“I extend my heartful greetings to the Christian community of Pakistan and around the world, on the occasion of Easter,” the Prime Minister’s Office (PMO) shared a message on Sharif’s behalf on social media platform X. 

Sharif acknowledged the “immense contributions” of the Christian community in Pakistan’s socio-economic development, saying that he believed they would continue to play their role in the country’s progress and stability. 

“While we celebrate diversity of faiths as a source of strength and enrichment in our nation, let us join hands toward building a society that is tolerant and cohesive and together defeat the forces of discord that are trying to cause harm to the fabric of our society,” he added. 

In a separate message, President Zardari said Easter brings a message of hope, love and prosperity for all.

“The Christian community is a valuable asset of Pakistan,” the president’s official account wrote on social media platform X. “Our Christian brothers and sisters have actively participated in the development and prosperity of Pakistan.”

Christians, who make up around two percent of Pakistan’s Muslim-majority population, occupy one of the lowest rungs in society and are frequently targeted with spurious blasphemy allegations.

 Last August, over 80 Christian homes and 19 churches were vandalized by crowds in the eastern city of Jaranwala after accusations spread that a Holy Qur’an had been desecrated.


Pakistan stocks hit another all-time high as optimism prevails over worker remittances

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Pakistan stocks hit another all-time high as optimism prevails over worker remittances

  • Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
  • ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.

Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.

On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.

Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.

“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.

Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.

Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.

“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.

CKD means the cars are assembled locally from imported parts.

Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.

It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.