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 regulator says over 21,600 new companies registered in first half of FY26

Updated 11 January 2026
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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.