Pakistan-China highway remains blocked as sit-in protest against power outages enters fourth day

Demonstrators stage a sit-in protest in Hunza Valley of Gilgit-Baltistan, Pakistan, on January 5, 2025. (Ali Ahmad/Facebook)
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Updated 06 January 2025
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Pakistan-China highway remains blocked as sit-in protest against power outages enters fourth day

  • Enraged by power outages, enraged protesters demand government run thermal generators to resolve power crisis
  • Karakorum Highway is a key land route connecting Pakistan to China via Hunza in the northern Gilgit-Baltistan region 

KHAPLU, Gilgit-Baltistan: The main highway connecting Pakistan to China in the mountainous Gilgit-Baltistan (GB) region remained closed for trade and traffic on Monday for the fourth consecutive day, as demonstrators continued their sit-in protest against power outages that residents say last for almost 20 hours. 

The Karakoram Highway (KKH), a vital trade route between the two countries, was obstructed by protesters on Friday at Ali Abad, a significant point in the Hunza Valley. Protesters were enraged by frequent power outages in GB. The area has witnessed a gradual increase in trade activity following an agreement between Pakistan and China to keep the Khunjerab Pass open year-round to facilitate economic exchanges.

Hamid Hussain, an engineer at the Gilgit-Baltistan Water and Power Department, last week blamed technical reasons for the power outages. He said the region heavily relied on hydropower, which often faced disruption in winter due to the freezing of rivers and lakes.

Various political parties such as the Awami Workers Party, the Pakistan Tehreek-e-Insaf (PTI), the Pakistan Muslim League-Nawaz (PML-N), members of the civil society and trade associations joined hands to stage the sit-in protest at the highway on Friday. Despite the freezing temperature, the sit-in protests have continued since then. 

“All rounds of negotiations with the government have failed and we are still facing the worst kind of power crisis,” Zahoor Ilahi, a member of the core committee formed by protesters, told Arab News over the phone. 

“We will not end the protest until our demands are met. Though our demands are to permanently resolve the power crisis, however, if they agree to run thermal generators to minimize power cuts, a consensus will be developed to end the protest,” he added. 




Demonstrators gather around fire during a sit-in protest in Hunza Valley of Gilgit-Baltistan, Pakistan, on January 5, 2025. (Ali Ahmad/Facebook)

GB an impoverished, mountainous part of the larger Kashmir region, is home to 127 hydel and 34 thermal stations but the region continues to suffer one of the worst power outages in the South Asian country.

Khuzaima Anwar, Hunza’s deputy commissioner, admitted the protesters’ demands were “genuine.”

“The people have been protesting for power crisis since last Friday and their demands for the long-term uplifting of power projects are genuine,” Anwar said. 

He said the district administration engaged with protesters twice since Friday and acknowledged their demands. 

“The issue is here that they are demanding we run thermal generators,” he said. “But the fuel cost will be very high and the government is not in a condition to face more liabilities.”

He said the government was also trying to negotiate with protesters, adding that members of the GB Assembly were also playing their role in ending the sit-in protest.

“Trucks and containers are stuck on both sides as the main KKH is blocked,” Anwar said. “However, there is another alternate route for miniature vehicles, and the law and order situation is under control.”

Imran Ali, President for the Gilgit-Baltistan chamber of commerce, confirmed dozens of containers were stuck on both sides of the highway due to the sit-in protest. 

“Tourists are also facing issues due to road blockades,” Ali told Arab News. “The government should come forward to resolve the issue.”


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.