Pakistani rescue service says 90 percent of Koh-e-Sulaiman forest blaze controlled 

Firefighters try to extinguish a fire that erupted in the pine nut forests of the Koh-e-Sulaiman range in the Darazinda subdivision, Khyber Pakhtunkhwa on October 30, 2024. (Photo courtesy: Rescue 1122)
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Updated 30 October 2024
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Pakistani rescue service says 90 percent of Koh-e-Sulaiman forest blaze controlled 

  • Pakistani rescue service says operation halted due to limited visibility, will resume early Thursday morning 
  • Two years ago, a significant fire broke out in the same mountain range in Balochistan that lasted for two weeks

DERA ISMAIL KHAN: Pakistani firefighters have controlled 90 percent of a blaze in the pine nut forests of the Koh-e-Sulaiman range in the Darazinda subdivision, Rescue 1122 emergency service said on Wednesday, with the operation halted temporarily due to limited visibility. 

Pakistan dispatched a 16-member team to the affected area after the fire broke out on Wednesday morning, who battled the flames with the provincial wildlife department throughout the day. 

“After working hard all day on the difficult paths of the mountain range, 90 percent of the fire has been controlled,” the statement said. 

“The current operation has been stopped due to limited visibility because of darkness in the mountain range,” it added. “However, the Rescue 1122 team is currently at the scene.” 

The emergency response service said firefighters will resume the operation to douse the flames early Thursday morning. 




Firefighters try to extinguish a fire that erupted in the pine nut forests of the Koh-e-Sulaiman range in the Darazinda subdivision, Khyber Pakhtunkhwa on October 30, 2024. (Photo courtesy: Rescue 1122)

In an earlier statement, Rescue 1122 said its team is equipped with all necessary firefighting gear, including fire extinguishers, personal protective equipment and other essential items required for working in mountainous areas.

“In such emergencies, methods like smoldering and starvation are employed to extinguish the fire, which involves cutting off the fire’s access to oxygen and fuel,” it explained. 




Firefighters try to extinguish a fire that erupted in the pine nut forests of the Koh-e-Sulaiman range in the Darazinda subdivision, Khyber Pakhtunkhwa on October 30, 2024. (Photo courtesy: Rescue 1122)

This is not the first such incident in the region’s pine nut forests. A significant fire broke out in the Sherani district, part of the same range that straddles Pakistan’s western provinces of Balochistan and Khyber Pakhtunkhwa, in May 2022.

The blaze lasted over two weeks, destroying a large portion of the ancient pine nut trees, with reports suggesting over 100,000 trees were burned, causing significant damage to the local ecosystem.

The 2022 fire in the Sherani district in Balochistan prompted Pakistan to seek assistance from Iran, which sent an air tanker to help extinguish the flames.

Such recurrent fires highlight the vulnerability of the region, where pine nut forests are not only ecologically valuable but also provide a livelihood for many locals.


Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

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Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

  • Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
  • Company says remains committed to strengthening Pakistan’s Islamic financial eco-system

KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market. 

PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.

The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.

In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.

“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said. 

“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added. 

The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector. 

“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said. 

Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”

“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said. 

“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”

PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.