Pakistan-origin Shabana Mahmood is UK’s first Muslim woman Lord Chancellor

Shabana Mahmood, a British-Pakistani MP from Birmingham, arrives at the Royal Courts of Justice to take oath as Lord Chancellor. (@MoJGovUK/X)
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Updated 17 July 2024
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Pakistan-origin Shabana Mahmood is UK’s first Muslim woman Lord Chancellor

  • 43-year-old barrister has been a Member of Parliament for Birmingham Ladywood since 2010
  • Mahmood’s family roots are from Mirpur in Azad Kashmir, she graduated in 2002 from Oxford 

ISLAMABAD: Shabana Mahmood, a British-Pakistani MP from Birmingham, was sworn in this week as the United Kingdom’s new Lord Chancellor at a ceremony at the Royal Courts of Justice in London, becoming the first Muslim woman to head the Ministry of Justice as the Secretary of State for Justice. 

A member of the Labour Party, the 43-year-old barrister has been an MP for Birmingham Ladywood since 2010 and previously held various shadow junior ministerial and shadow cabinet positions under leaders Ed Miliband, Harriet Harman, and Keir Starmer between 2010 and 2024.

“I must say what an honor it is to take my own oath as Lord Chancellor today,” Mahmood, 43, said in a speech on Monday as she was sworn in. “There once was a little girl in Small Heath, one of the poorest areas of Birmingham who worked behind the till in her parents’ corner shop ...

“I hold this office in the very highest regard. I do so not just as a former barrister, but as the child of immigrants. My parents weren’t steeped in Magna Carta, Habeas Corpus and the Bill of Rights – as I would one day be. But they did have a strong sense, arriving here in the UK from rural Kashmir, that this country was different: That there are rules, some written and some not, that we abide by.”

Speaking about her inspirations, Mahmood mentioned Elwyn-Jones who served as Lord Chancellor for five years between 1974 and 1979.

“I certainly hope to emulate his longevity. It is said that he was the first Welsh speaking Lord Chancellor for centuries,” she said. “I wonder what he would’ve made of the first Lord Chancellor to speak Urdu.

“I’ve carried the weight of many identities in this career. It is a privilege, but also a burden … So, at the very least, I hope my appointment shows the next little girl in Small Heath, or wherever she may be that, in this country, even the oldest offices in the land are within reach of us all.”

Mahmood concluded by quoting Chapter 4 Verse 135 of the Qur’an: “O ye who believe! Stand out firmly for justice, as witnesses to Allah even as against yourselves, or your parents, or your kin and whether it be (against) rich or poor: For Allah can best protect both.”

“This is the fundamental articulation of how we, as Muslims, view justice in how we deal with the world,” Mahmood said. “It places justice above all else,” the justice secretary said. 

With roots in Mirpur, Azad Kashmir in Pakistan, Mahmood was born in 1980 in Birmingham and lived from 1981 to 1986 in Taif, Saudi Arabia, where her father was working as a civil engineer on desalination. After that, she was brought up in Birmingham where her mother worked in a corner grocery shop that the family had bought after returning to England. Her father became chair of the local Labour party and as a teenager, Mahmood helped him with campaigning in local elections.

Mahmood graduated in 2002 from Lincoln College, University of Oxford and went on to complete the Bar Vocational Course at the Inns of Court School of Law in 2003 after receiving a scholarship. As a barrister, her specialism is in professional indemnity.


Pakistan stocks close at record high over current account surplus, falling bond yields

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Pakistan stocks close at record high over current account surplus, falling bond yields

  • KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
  • Pakistan’s central bank posted a current account surplus of $100 million in November

KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.

The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business. 

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.

“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News. 

The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.

Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.

PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.

“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X. 

“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”

The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.

Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.

The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.

Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.