Pakistan PM vows crackdown on human smugglers after four citizens die in Libya boat tragedy

Boats transporting migrants of different nationalities enter a port in the Garabulli area following their rescue at sea by the Libyan Coast Guard, on April 25, 2023. (AFP/File)
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Updated 16 April 2025
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Pakistan PM vows crackdown on human smugglers after four citizens die in Libya boat tragedy

  • The foreign office confirmed the incident off the coast of Harawa on Tuesday that left at least 11 dead
  • Similar boat tragedies have also occurred before, prompting official efforts to dismantle trafficking networks

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday vowed strong action against human smugglers who entice Pakistani nationals with promises of better economic prospects abroad, risking their lives at sea, as the country confirmed the deaths of four citizens in a boat tragedy off the coast of Libya.
Sharif’s remarks came after officials confirmed that a migrant vessel had sunk off Libya’s Harawa coast, leaving at least 11 people dead, including four Pakistani nationals.
Pakistan’s diplomatic mission in Tripoli said the victims were identified through national documents recovered from the scene.
“Deeply saddened by reports from our Mission in Tripoli of yet another boat capsizing incident off the Harawa coast near Sirte City, Eastern Libya, in which at least four Pakistanis have been confirmed dead out of 11 casualties,” the prime minister said in a post on social media.
“Our Mission and the Foreign Office are working with the local authorities to retrieve the remains of the deceased,” he added. “While we are taking strong action against those responsible for luring our citizens into this death trap, we will continue to come down hard against such elements so no family has to carry the coffins of their loved ones in such accidents.”

The foreign office identified the victims as Zahid Mehmood from Gujranwala and Sameer Ali, Syed Ali Hussain and Asad Ali from Mandi Bahauddin in eastern Pakistan after the tragedy.
Two additional bodies recovered from the shipwreck remain unidentified, officials said, as the Crisis Management Unit at the foreign ministry continues to monitor the situation.
Each year, thousands of Pakistanis embark on perilous journeys across land and sea in search of work in Europe, often falling prey to human smugglers who arrange illegal crossings for large sums of money.
The Libya route remains one of the most trafficked and dangerous passages.
In February, Libyan authorities recovered the bodies of at least 16 Pakistani nationals after a similar boat tragedy off the coast near Zawiya city, with nearly 10 others reported missing.
Last year, over 260 Pakistanis drowned when an overcrowded vessel sank off the coast of Pylos, Greece, one of the deadliest Mediterranean disasters in recent history.
Pakistani authorities have since intensified efforts to dismantle trafficking networks, arresting several agents and cracking down on operations that facilitate such illegal migration.


Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

Updated 22 January 2026
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Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times

  • Pak-Qatar General Takaful Limited offered 30 million shares to investors with ceiling price of Rs14 per share
  • Company says IPO proceeds will be used for investments in software, infrastructure, setting up new branches

ISLAMABAD: Pakistan’s first non-life Shariah-compliant takaful operator announced on Thursday that its initial public offering (IPO) was oversubscribed 21 times at the country’s stock exchange, saying the development reflected strong investor confidence in the Islamic insurance system. 

The Pak-Qatar General Takaful Limited said earlier this month 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 percent of the shares on offer, while the remaining 25 percent will be allocated to retail investors, it added. 

“Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX,” the company said in a statement. 

It said investors responded “strongly” as the strike price closed at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion [$17 million].

The company said successful bidders will be provisionally allotted 22.5 million shares while the remaining 7.5 million shares will be offered to retail investors on Jan. 28-29. 

Shahid Ali Habib, CEO of Arif Habib Ltd., which was the lead manager for the IPO, said that country’s first-ever IPO of any dedicated general takaful company, has made a historic debut at PSX.

Habib said this reflects investor confidence in Pakistan’s fast-growing takaful sector and PQGTL’s strong market position.

The statement further said proceeds from the IPO will be utilized to fund strategic initiatives, such as investments in software and other intangible assets, hardware and infrastructure, marketing and brand development and human resource enhancement. 

Proceeds will also be used to establish new branches and transform existing ones to improve operational efficiency and customer experience, it added. 

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