Pakistan joins Muslim world in celebrating Eid Al-Adha, the ‘Feast of Sacrifice’

Muslim devotees offer Eid al-Adha prayers at the Eidgah ground in Rawalpindi on June 17, 2024. (AFP)
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Updated 17 June 2024
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Pakistan joins Muslim world in celebrating Eid Al-Adha, the ‘Feast of Sacrifice’

  • The Pakistan government has announced a three-day holiday for Eid, from Monday to Wednesday
  • Over six million animals valued at around $1.9 billion were sacrificed during the three-day holiday last year

ISLAMABAD: Muslims in Pakistan started celebrating Eid Al-Adha, or the Feast of Sacrifice, on Monday with food and prayers for the people of Gaza and Kashmir, facing “brutal foreign occupation” but fighting for their right to self-determination.

One of the most important Islamic holidays, Eid Al-Adha is a joyous occasion on which food is a hallmark and during which devout Muslims buy and slaughter animals and share the meat with family, friends and the poor. The revered observance coincides with the final rites of the Hajj pilgrimage in Saudi Arabia.

As the day began, top leaders shared wishes with the Pakistani people, with President Asif Ali Zardari and Prime Minister Shehbaz Sharif both urging the nation to “reaffirm their commitment to the values of brotherhood, sacrifice, and selflessness on this occasion.”

“Sharif said the day serves as an occasion to unite the people and foster the bonds of brotherhood and fraternity as well as to look after the less fortunate among us and make them part of our collective celebration,” state broadcaster Radio Pakistan reported. 

“He said on this Eid day, we pray for our Palestinian and Kashmiri brothers and sisters who are bravely facing brutal foreign occupation but remain steadfast in their struggle to achieve their right of self-determination.”




A girl with henna patterns on her hand looks towards a sacrificial animal being slaughtered, as she accompanies her father during Eid al-Adha celebrations in Karachi, Pakistan on June 17, 2024. (REUTERS)

The Pakistani military and its top leaders also extended wishes to all Pakistanis on the occasion of Eid.

“This sacred event embodies the spirit of sacrifice for the greater good. On this auspicious day, we are indebted to our martyrs and ghazis [warriors] for the independence and peace which prevail in the country, and pay tribute to their ultimate sacrifices,” the army’s media wing said. 

“May Allah Almighty continue to bestow His blessings upon Pakistan and protect it from the nefarious designs of its adversaries, Ameen.”




Muslim devotees offer Eid al-Adha prayers at the Eidgah ground in Rawalpindi on June 17, 2024. (AFP)

The Pakistan government has announced a three-day holiday for Eid, from Monday to Wednesday.

According to tanners associations, over six million animals valued at approximately Rs531 billion ($1.9 billion) were sacrificed during the three-day Eid festival in 2023. As many, if not more, animals are expected to be sacrificed this year.




Muslims greet each other after offering Eid al-Adha prayers at the Eidgah ground in Rawalpindi on June 17, 2024. (AFP)

 


Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

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Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

  • SECP rolls out SMS-based Life Insurance Policy Finder, orders insurers to join Motor Insurance Repository
  • The regulator says centralized data will help authorities verify coverage, reduce long-unclaimed benefits

KARACHI: Pakistan’s securities regulator on Monday announced two digital initiatives aimed at overhauling how insurance data is stored and accessed, in a push to strengthen enforcement, improve transparency and make it easier for citizens to trace insurance coverage.

The Securities and Exchange Commission of Pakistan (SECP) announced in two separate statements it had introduced a nationwide Life Insurance Policy Finder to help families identify policies held by deceased relatives. It also directed all non-life insurers to join a centralized Motor Insurance Repository (MIR).

Both systems, developed with the Central Depository Company (CDC), seek to address longstanding gaps in a sector where weak records, low compliance and limited data-sharing have left motorists, policyholders and beneficiaries without reliable recourse.

“The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Central Depository Company of Pakistan Limited (CDC) and the Insurance Association of Pakistan (IAP), has introduced the Life Insurance Policy Finder Service,” it said in one of the statements. “This initiative is designed to facilitate the general public in locating life insurance policies of deceased loved ones.”

“The service addresses a long-standing challenge faced by families who remain unaware of life insurance policies held by their deceased relatives,” it added. “This lack of awareness often results in legitimate claims and benefits remaining unclaimed for years.”

The SECP said the initiative aims to strengthen consumer protection, promote transparency and provide structured and secure access to insurance benefits for rightful heirs and beneficiaries.

Under the new policy-finder service, which goes live on Dec. 15, individuals can send the CNIC number of the deceased via SMS to 99833.

If a policy exists, the relevant insurer will contact the beneficiary to verify details and guide them through the claims process. Life insurers and family takaful operators have also been instructed to participate fully and respond to queries within set turnaround times.

Separately, on the motor insurance side, all non-life insurers underwriting vehicle policies are required to sign a service-level agreement with the CDC within 60 days and begin uploading complete and validated policy data to the MIR.

The repository will allow provincial and federal authorities to verify third-party insurance coverage, a requirement that exists on paper but remains loosely enforced nationwide.

The SECP said the measures form part of its broader effort to promote digital transformation, improve compliance and safeguard consumer interest.

“A centralized and validated data repository will allow authorities to verify insurance coverage efficiently, addressing significant gaps in compliance,” it added.