Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims

Pakistan’s religious affairs minister Sardar Muhammad Yousaf (third from right) in conversation with Saudi Minister of Hajj Dr. Tawfiq bin Fawzan Al-Rabiah (unseen in the picture) in Jeddah, Saudi Arabia on 26 March, 2025. (Press release)
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Updated 01 April 2025
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Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims

  • The initiative streamlines immigration by allowing pilgrims to complete travel formalities at departure airports
  • Pakistan’s religious affairs minister praises the Kingdom for focusing on the welfare of his country’s pilgrims

ISLAMABAD: Pakistan’s religious affairs minister Sardar Muhammad Yousaf on Wednesday discussed expanding the Makkah Route Initiative to more Pakistani cities with Saudi Minister of Hajj Dr. Tawfiq bin Fawzan Al-Rabiah while praising the Kingdom for its continued focus on the welfare of Pakistani pilgrims, according to an official statement.
The Makkah Route Initiative is designed to streamline immigration processes by enabling pilgrims to complete official travel formalities at their departure airports. Initially tested in Islamabad in 2019, the program was later expanded to Karachi, benefitting tens of thousands of Pakistani travelers.
“Federal Minister for Religious Affairs and Interfaith Harmony Sardar Muhammad Yousaf met with Saudi Minister of Hajj and Umrah Dr. Tawfiq bin Fawzan Al-Rabiah,” Pakistan’s religious affairs ministry said in a statement. “The meeting included discussions on enhancing facilities for Hajj pilgrims and Umrah visitors, as well as expanding the scope of the Makkah Route Initiative to other cities in Pakistan.”




Pakistan’s religious affairs minister Sardar Muhammad Yousaf second from left) in conversation with Saudi Minister of Hajj Dr. Tawfiq bin Fawzan Al-Rabiah (right) in Jeddah, Saudi Arabia on 26 March, 2025. (Press release) 

The Pakistani minister said pilgrims from his country had greatly benefited from the special attention given by the Saudi authorities.
Dr. Al-Rabiah congratulated Sardar Yousaf on assuming charge of the religious affairs ministry and reiterated the Kingdom’s commitment to serving pilgrims.
“It is an honor to welcome large numbers of pilgrims from Pakistan each year,” he said, adding that “serving Hajj and Umrah pilgrims remains one of the Saudi government’s top priorities.”
The ministers also discussed issues related to the registration process for Pakistani pilgrims.
Dr. Al-Rabiah assured the concerns of Pakistani Hajj applicants would be addressed on a priority basis, adding the Saudi authorities had introduced several new measures this year to improve services for pilgrims.
 


Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

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Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

  • Pak-Qatar General Takaful Limited plans to raise up to $1.5 million through initial public offering
  • Institutional investors will get 75% of shares, while the remaining 25% will go to retail investors

KARACHI: Pakistan’s first dedicated non-life Shariah-compliant takaful operator said on Monday it will launch an initial public offering this month, seeking to raise up to Rs 420 million ($1.5 million) as Islamic finance gains traction in the country’s capital markets.

The company, Pak-Qatar General Takaful Limited, said it would issue 30 million shares, with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75% of the shares on offer, while the remaining 25% will be allocated to retail investors.

“Arif Habib Limited has been mandated by Pak-Qatar General Takaful Limited to act as the consultant and book runner for raising funds through the initial public offering,” it announced in a statement.

The book-building process for the offering will take place on Jan. 21-22, it added, with investor registration opening on Jan. 16, while public subscriptions are scheduled for Jan. 28-29.

The offering follows the recent listing of Pak-Qatar Family Takaful Limited, which raised Rs 901 million ($3.23 million) last month in Pakistan’s first Islamic insurance sector IPO, an issue that was oversubscribed several times.

Proceeds from the IPO will be used to strengthen the company’s capital base and support investments in technology, infrastructure and branch expansion, said the statement.

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.