Inflation, online platforms push traditional Ramadan calendars to extinction in Pakistan

A volunteer distributes Ramadan calendars in Quetta, Pakistan, on February 28, 2025. (AN Photo) 
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Updated 03 March 2025
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Inflation, online platforms push traditional Ramadan calendars to extinction in Pakistan

  • Pinned to kitchen walls or mosque bulletin boards, Ramadan calendars helped Muslims track suhoor, iftar timings
  • Graphic designers and printers in Balochistan province report 70 percent decline in orders for printing of calendars

QUETTA: Traditionally pinned on kitchen walls inside homes or on mosque and community center bulletin boards, Ramadan calendars were once a staple in Pakistan, helping believers track suhoor and iftar times with precision during the holy month.

But inflation and the advent of the digital age have led to a decline in the printing and use of calendars that once provided access to the precise schedule for observing the holy month. Indeed, the calendars not only allowed Muslims to properly practice their religious duties like prayer and fasting, but also reminded them of key spiritual events like Laylat Al-Qadr, the night in Ramadan when Muslims believe the Qur’an was revealed, and Eid Al-Fitr, the celebration that caps the holy month.

Today, online platforms have significantly transformed Ramadan around the globe, making it easier for Muslims to access religious information on the Internet, connect with communities, manage their daily practices through apps, find recipes, and engage with Islamic content.

In southwestern Pakistan, the Fatima Jinnah Road in the city of Quetta has for decades been a hotspot for the designing and printing of religious calendars. This year, it was empty ahead of Ramadan, with printing press owners complaining they were facing an up to 70 percent decline in orders. 

“This trend [of Ramadan calendars] has decreased over the past two to three years,” 32-year-old pressman Kashif Riaz told Arab News, saying he had only received three orders this season. “Inflation and the use of social media are the prime causes of fading Ramadan calendar business in Balochistan [province].”




Kashif Riaz, a 32-year-old pressman, stands next to his printing machine in Quetta, Pakistan, on February 27, 2025. (AN Photo)

The shift makes sense in a country like Pakistan, which has more than 111 million active Internet users and 71 million social media users on websites like Facebook, WhatsApp, X, TikTok, YouTube and Instagram, according to independent Internet monitor DataReportal.

“Last year, we received just one order for the designing and printing of Ramadan calendars but for this season, we haven’t received any order,” Zakir Shah, who works at the Al-Subhan designing and printing firm in Quetta, told Arab News. 

“We used to consider Ramadan an earning season, we would wait for Ramadan calendar orders, but Internet and social media have impacted our business. Some designers and pressmen at this Quetta market hardly received a few [orders] this year, but the majority are sitting idle.”

Furqan Ahmed, a 42-year-old resident of Quetta, said he didn’t see people distributing the traditional calendars ahead of Ramadan this year. 

“We used to get Ramadan calendars from business communities and volunteers of religious seminaries standing outside mosques and at various spots of Quetta city, distributing Ramadan calendars,” he said as he stood on a busy street in the provincial capital of Balochistan. 




Inam-ul-Haque, a graphic designer, is seen designing a Ramadan calendar in Quetta, Pakistan, on February 27, 2025. (AN Photo)

“This year, I haven’t seen this practice because now we can receive Ramadan calendars on our smartphones and can check the fasting schedule on the Internet.”

Inam-ul-Haque, another graphic designer, 37, who didn’t receive any orders this Ramadan, said the culture of sharing Eid greeting cards had also declined in recent years:

“We used to send Eid greetings to our family and friends by posting Eid cards, but social media has replaced that culture.”
 


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.