On Eid Al-Fitr, Pakistan PM demands world end rights violations in Gaza

Palestinian children play on a swing during Eid al-Fitr holiday, in Jabalia, in the northern Gaza Strip on March 30, 2025. (REUTERS)
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Updated 31 March 2025
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On Eid Al-Fitr, Pakistan PM demands world end rights violations in Gaza

  • In Pakistan, the day dawned with special congregational prayers at mosques and Eidgahs
  • PM Shehbaz Sharif calls for national unity to defeat militancy and achieve economic stability

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday voiced his support for the Palestinian people and demanded the world stop human rights violations in Gaza, Sharif’s office said, as Pakistanis marked Eid Al-Fitr.
The three-day Eid Al-Fitr festival starts on the first day of the month of Shawwal in the Islamic lunar calendar. The festival marks the end of the holy fasting month of Ramadan.
In Pakistan, the day dawned with special congregational prayers at mosques and Eidgahs nationwide, with people praying for peace, progress and security of Pakistan and the Muslim world.
In his message on Eid, Sharif said it is a day of joy, gratitude, brotherhood and compassion, and the people of Pakistan must remember their brothers and sisters, especially the oppressed people of Palestine, on the occasion.
“Pakistan always stands with them and will always be,” he said. “The international community should stop human rights violations and provide relief to these innocent Muslims.”
Pakistan, which does not recognize Israel, has consistently called for a cessation of hostilities in Gaza, where Israel’s war has killed more than 48,000 Palestinians since Oct. 2023 attacks by Hamas on Israel.
The South Asian country has dispatched several aid consignments for the war-torn Palestinian people and demands an independent Palestinian state based on “internationally agreed parameters” and pre-1967 borders.
Sharif said Pakistan was currently facing threats from both internal and external enemies and called for national unity to foil any conspiracy against the country.
“We must avoid all kinds of extremism, hatred and sectarianism,” the prime minister urged. “We should unite and lead our country on the path of development and prosperity.”
In his message, President Asif Ali Zardari urged the nation to remember their brothers and sisters, who were less privileged on this joyous occasion, saying the real happiness of Eid lies in sharing the joys with others.
“This day also teaches us the lesson of unity and solidarity, that we should unite in our ranks, support each other and play our role in taking Pakistan on the path of progress and prosperity,” Zardari said. “We have to promote brotherhood among ourselves so that our country emerges as a strong and prosperous state.”
Pakistan’s military services chiefs and the chairman of the Joint Chiefs of Staff Committee also congratulated the nation on Eid Al-Fitr, urging the nation to stand united amid a surge in militancy in the South Asian country.
“Eid Al-Fitr, marking the conclusion of Ramadan, stands as a symbol of unity, compassion, and gratitude. For our soldiers, the true essence of Eid is embodied in the honor of defending our cherished nation— even in separation from family— while striving to foster peace, prosperity, and harmony,” said the Inter-Services Public Relations (ISPR), the military’s media wing, citing the top brass.
“In the spirit of Eid, the Armed Forces of Pakistan call upon all citizens to unite under the banner of love, respect, and solidarity, the very principles that define our great nation.”


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.