Pakistan to observe first of Muharram on Monday, Ashura on July 17 

Shiite Muslim mourners take part in a procession on the tenth day of Ashura during the Islamic month of Muharram, commemorating the seventh century killing of Prophet Mohammed's grandson Imam Hussein, in Karachi on August 9, 2022. (AFP/File)
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Updated 07 July 2024
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Pakistan to observe first of Muharram on Monday, Ashura on July 17 

  • Pakistan to observe first of Muharram from Monday, says central moon-sighting committee
  • Muharram marks beginning of new Islamic year, religious processions by Shia Muslims in Pakistan

ISLAMABAD: Pakistan’s central moon sighting committee this week confirmed that it had not sighted the crescent for Muharram, adding that the country would observe the first of the Islamic month from Monday and Ashura on July 17. 

Muharram marks the beginning of the new year in the Islamic lunar calendar during which Shia Muslims across Pakistan hold gatherings and organize processions to pay homage to Imam Hussain, the grandson of Prophet Muhammad (peace be upon him).

Hundreds of thousands take out processions across the country on Ashura, the 10th of Muharram, to mourn Hussain’s martyrdom in Karbala in present-day Iraq centuries ago. 

Pakistan’s Central Ruet-e-Hilal Committee (RHC) met in Pakistan’s southwestern Quetta city on Saturday evening to spot the Muharram crescent. 

“The Central Ruet-i-Hilal Committee has announced that the Crescent of Muharram-Ul-Haram 1446 AH was not sighted,” state broadcaster Radio Pakistan said. 

“He [RHC chairman] said that the 1st Muharram-Ul-Haram will be on Monday and Ashura will be observed on 17th of this month.”

INTERNET SERVICES

Pakistan’s interior ministry said on Friday it had not yet decided whether it would suspend Internet services during the Islamic month. 

Militant groups have often targeted Muharram processions and imambargahs, killing hundreds of people in the past, but the Pakistani interior ministry said it had neither accepted nor rejected any request in this regard.

Pakistan’s largest Punjab province has also proposed a ban on all social media platforms from Muharram 6-11 due to security concerns, provincial information minister Azma Bukhari said on Friday.

Social media platforms such as Facebook, WhatsApp, Instagram, YouTube, Twitter and TikTok will be suspended across Punjab to control hate material/misinformation, the provincial government said. 


Pakistan stock market crosses record 174,000 points during intraday trading

Updated 29 December 2025
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Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.