Pakistani province offers to help build cancer hospital in Afghanistan

Pakistan’s Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur speaks during a meeting with Afghanistan’s Ambassador to Pakistan Sardar Ahmad Shakib in Islamabad on July 12, 2025. (Photo courtesy: X/@AfghanEmbPak)
Short Url
Updated 12 July 2025
Follow

Pakistani province offers to help build cancer hospital in Afghanistan

  • Ali Amin Gandapur tells Afghan envoy his administration is ready to support the welfare of the Afghan people
  • KP chief minister says he wants to send a delegation to the neighboring state to ‘promote trust and harmony’

ISLAMABAD: The provincial administration of Pakistan’s northwestern Khyber Pakhtunkhwa (KP) on Saturday offered assistance to build a cancer hospital in neighboring Afghanistan during a meeting between Chief Minister Ali Amin Gandapur and Afghan envoy to Pakistan, Sardar Ahmad Shakib.

KP shares a long and porous border with Afghanistan and maintains strong cultural and linguistic ties with Pashtun populations across the frontier.

The province has also experienced a major surge in militant violence in recent months, with Pakistani officials frequently accusing armed groups based in Afghanistan of orchestrating cross-border attacks, a claim the Taliban government in Kabul denies.

“Chief Minister Ali Amin Gandapur held an important meeting with Afghanistan’s Ambassador Sardar Ahmad Shakib, during which bilateral relations, mutual cooperation and regional stability were discussed in detail,” the KP administration said in a statement.

“Gandapur offered assistance in establishing a cancer hospital in Afghanistan and assured full support in the agricultural sector [to Kabul] as well,” it added. “He expressed his commitment that the Khyber Pakhtunkhwa government is ready to play every possible role in the welfare of the Afghan people.”

Ties between Pakistan and Afghanistan became strained in 2023 when Islamabad launched a major crackdown on undocumented migrants, most of them Afghans, citing security concerns.

While Pakistan’s federal administration and military adopted a tough posture toward Kabul, it was widely reported in the local media that the KP government wanted diplomatic engagement with Afghan Taliban, signaling an interest in negotiated cooperation.

The two sides have recently sought to reset relations and agreed to appoint ambassadors following a China-facilitated tripartite meeting this year.

Saturday’s discussion also emphasized the deep cultural and ethnic links between the two countries, with both sides agreeing that these bonds should be strengthened through mutual respect and cooperation.

The statement said Gandapur plans to send a special delegation to Afghanistan “to serve as a bridge between the people of Pakistan and Afghanistan and to promote trust and harmony.”

Ambassador Shakib expressed appreciation for the KP government’s support for Afghan refugees and reaffirmed his commitment to enhancing bilateral ties through peaceful and people-centric initiatives.


Pakistan’s Pak-Qatar Family Takaful to raise $3.9 million in Islamic insurance IPO

Updated 5 sec ago
Follow

Pakistan’s Pak-Qatar Family Takaful to raise $3.9 million in Islamic insurance IPO

  • Company to offer 50 million shares with a price band of $0.05–0.07 per share
  • Proceeds to support capital needs, digital expansion, new customer-focused products

ISLAMABAD: Pak-Qatar Family Takaful Limited, Pakistan’s largest dedicated Islamic insurance provider, will launch an initial public offering this month to raise about Rs1.1 billion ($3.9 million), with book-building scheduled for Dec. 11–12 and registration opening Dec. 8, the company said in a statement on Friday.

The offer will make Pak-Qatar the first dedicated family takaful operator to list on the Pakistan Stock Exchange, marking a notable development for the country’s insurance landscape, where penetration remains low by global standards. The IPO comes as the company looks to scale operations, strengthen technology channels and widen product distribution in a market where Shariah-compliant savings and protection instruments have grown steadily.

“Pak Qatar Family Takaful Limited is all set to list itself at Pakistan Stock Exchange through an IPO with registration starting 08th December. Through this IPO PQFTL is aiming to raise approx. Rs. 1.1 billion,” the statement said.

The company will 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.

Lead manager Shahid Ali Habib of Arif Habib Ltd. said investor response has been strong as the offering represents a sector first. According to the statement, proceeds will be used to meet capital requirements, develop new products and accelerate digital outreach.

Pak-Qatar Family Takaful 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.

Despite Pakistan’s population size, insurance penetration stood at just 0.7 percent in 2024, the company noted, adding that rising awareness and economic shifts leave room for growth compared with advanced markets where penetration has crossed 10%.