Yaum-e-Ashura processions held across Pakistan amid heightened security

Shiite Muslims take part in a religious procession to mark Ashura on the tenth day of the Islamic month of Muharram, in Karachi on July 17, 2024. (AFP/File)
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Updated 17 July 2024
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Yaum-e-Ashura processions held across Pakistan amid heightened security

  • Ashura is tenth day of Muharram when Shiite Muslims commemorate death of Imam Hussein
  • Interior ministry had approved army deployment across Pakistan to ensure peace during Muharram

ISLAMABAD: Hundreds of thousands of mourners took out processions across Pakistan on Wednesday amid heightened security measures to observe Yaum-e-Ashura, the holiest day on the Shiite Muslim calendar.

Yaum-e-Ashura is the tenth day of the Islamic month of Muharram when Shiite Muslims commemorate the seventh-century battlefield death of Imam Hussein, the grandson of Prophet Muhammad (pbuh), in Karbala, Iraq. 

“The martyrdom of Imam Hussain teaches us to stand firm against oppression,” Pakistani Prime Minister Shehbaz Sharif said in a message to the public. “In today’s world, we witness the people of Palestine enduring immense hardships and making immense sacrifices for a great cause. Similarly people of Indian Illegally Occupied Jammu and Kashmir are also suffering the atrocities of the oppressive forces.”




Shiite Muslims take part in a religious procession to mark Ashura on the tenth day of the Islamic month of Muharram, in Lahore on July 17, 2024. (AFP)

President Asif Ali Zardari said the martyrs of Karbala had given a lesson to the Muslim Ummah “to remain steadfast in the face of all kinds of brutalities and raise their voice against all evils,” state-run Radio Pakistan reported.

The interior ministry had approved army deployment across the country to ensure peace and security during the holy month of Muharram and had banned the use of drones during processions and gatherings.

The main procession in the eastern Pakistani city of Lahore set out from Nisar Haveli in the Mohalla Chillah Bibian on Wednesday morning and will culminate at the Karbala Ghamay Shah Imambargah.

In Karachi, the main procession departed from Nishtar Park and will conclude at the Hussainiya Iraniyan Imam Bargah.




Shiite Muslims shout anti-Israel slogans during a religious procession on the ninth day of the Islamic month of Muharram, in Karachi on July 16, 2024. (AFP)

In Peshawar, the main procession began from GT Road and passed through Mukri Bazaar service road and is expected to conclude at 4pm, according to the City Traffic Police.


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.