KARACHI: Pakistan’s Fatima Fertilizer Company plans to acquire Samba Bank Pakistan (SBL), a subsidiary of Saudi National Bank (SNB), after evaluation and due diligence of the bank, a stock filing on Monday said.
Last month, Pakistan’s central bank granted approval to SNB, the immediate parent company of Samba Bank, to start the sell-off process of SBL and undertake due-diligence.
SBL is a subsidiary of SNB, formally SAMBA Financial Group (SFG), which holds 84.51 percent shares of the bank as of September 30, 2021.
On Monday, according to a material disclosure submitted by the company to the Pakistan Stock Exchange, the Board of Directors of Fatima Fertilizer accorded “in-principal approval to the Company (Fatima) to evaluate and pursue (including as part of a consortium of parties) the potential acquisition of the majority shareholding (i.e. approximately 84.51 percent) of Samba Bank Limited.”
The company is allowed to evaluate and conduct a due diligence of Samba Bank prior to the approval of the final transaction.
The acquisition of SBL is subject to “obtaining the requisite permission of the State Bank of Pakistan, appoint advisers and consultants, carry out necessary disclosures and regulatory steps/procedures, obtain regulatory approvals and carry out negotiations.”
“Furthermore, the Board authorized persons to take necessary actions and steps prior to final approval of the Board for the proposed transaction,” the filing added.
SNB in September this year announced that it was considering all strategic options in relation to its shareholding in Samba Pakistan Limited, including potential mergers, acquisitions, divestment and/or restructuring as part of a strategic review. Subsequently, SNB announced that it had decided to divest SBL.
SNB will commence an orderly and well-managed divestment of SBL subject to final board evaluation of the offers received, the bank has informed its shareholders, saying it had appointed advisers to assist the SBL management with the process and as necessary, provide consultancy to the management of the Bank on engagements with regulators in Pakistan.
TSBL, which has a network of 43 branches located in 14 major cities across the country, will be offered for sale to potential buyers after the evaluation of the bank’s assets and liabilities.
SFG, from Saudi Arabia, entered into a legally binding merger agreement with The National Commercial Bank (NCB) of Saudi Arabia in October 2020, according to a financial report of Samba Bank.
As per the agreement, SGF was merged into NCB with effect from April 2021 in accordance with the applicable laws of the kingdom and NCB was renamed the Saudi National Bank from the effective date of merger.
Consequent to the merger, all assets and liabilities of SFG, including its shareholding in the Bank, stood vested in SNB by operation of law and SFG ceased to exist from the effective date of merger.
Pakistan’s Fatima Fertilizer to acquire Saudi Samba Bank from Saudi National Bank
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Pakistan’s Fatima Fertilizer to acquire Saudi Samba Bank from Saudi National Bank

- Last month, Pakistan’s central bank granted approval to Saudi National Bank to start the sell-off process of SBL and undertake due-diligence
- SNB in September this year announced that it was considering all strategic options in relation to shareholding in Samba Pakistan Limited
Pakistan Railways reduces train fares for travel on Eid Al-Fitr

- Hundreds of thousands of Pakistanis travel via airplanes, trains, buses to their hometowns to celebrate Eid with family and friends
- This week, Pakistan’s government announced a three-day holiday from Mar. 31 to Apr. 2 on account of the Muslim festival of Eid Al-Fitr
KARACHI: Pakistan Railways has reduced fares for passenger for travel during Eid Al-Fitr holidays, it announced on Saturday.
Eid Al-Fitr marks the end of the fasting month of Ramadan for Muslims worldwide. Ramadan began in Pakistan on Mar. 2, a day after most other Muslims nations, and the Eid Al-Fitr festival at end of the holy month is expected to fall on Mar. 31.
Pakistan’s government this week announced a three-day holiday from Mar. 31 to Apr. 2 on account of the Muslim festival of Eid Al-Fitr.
“The competent authority has been pleased to grant 20 percent concession in fares of all mail and express, intercity and passenger trains in all classes (managed by PR only) on account of the auspicious occasion of Eid Al-Fitr,” the railways department said in a notification.
“This concession will be allowed on current booking only on 1st, 2nd and 3rd days of Eid Al-Fitr.”
Eid Al-Fitr is one of two major Muslim festivals, the other being Eid Al-Adha, which is marked by the slaughtering of animals such as sheep and goats whose meat is shared among family and friends and donated to the poor. This year, Eid Al-Adha is expected to fall on June 6 or 7, marking the culmination of the Hajj pilgrimage.
Hundreds of thousands of Pakistanis travel via airplanes, trains, buses to their hometowns from far-flung cities and abroad to celebrate the joyous occasions with families and friends each year.
Pakistan Railways also runs special trains on both Eids to facilitate passengers.
“No person or party will be allowed to avail two or more concessions at one time,” the notification read. “Concessional fares shall not be applicable to the Eid special trains.”
On World Water Day, PM calls for steps to preserve glaciers for Pakistan’s secure future

- Pakistan has around 13,000 glaciers, of which nearly 10,000 are receding and expected to cause significant water disruptions
- PM Shehbaz Sharif says Pakistan’s wetlands are disappearing three times faster than its forests and demand immediate action
ISLAMABAD: Prime Minister Shehbaz Sharif has urged Pakistanis to take steps to preserve water resources, including glaciers, for a water-secure future of the country, his office said on Saturday, on the World Water Day.
The World Water Day is an annual United Nations (UN) observance held on March 22 each year that highlights the importance of freshwater. The day is used to advocate for sustainable management of freshwater resources across the globe.
In his message, Sharif said the day, being observed under the theme of “Glacier Preservation” this year, reminds them of the critical role glaciers play in sustaining the planet’s freshwater supplies and of the grave challenges in protecting this essential resource.
“Nearly half of the global population experiences water scarcity for at least part of the year. Billions remain without access to clean drinking water, while water pollution continues to rise at alarming levels. Our wetlands are disappearing three times faster than our forests. This is no longer a distant threat. It is a global crisis that demands immediate and collective action,” Sharif was quoted as saying by his office.
“On this World Water Day, let us reaffirm our resolve to preserve our glaciers, protect our water resources, and work together for a resilient, water-secure future— for our people, our region, and our planet.”
There are a total of 13,000 glaciers in Pakistan and nearly 10,000 of them are receding and expected to cause significant water disruptions, according to Pakistani authorities.
The melting of these glaciers at a fast pace and heavy untimely rains due to climate change put the South Asian country at risk of frequent floods, while at the same time, droughts pose an equally serious threat, with nearly 80 percent of Pakistan’s land categorized as arid or semi-arid and 30 percent of population directly affected by drought-like conditions.
Melting glaciers contribute to rising sea levels, another cause of coastal erosion. The sea level at Karachi rose almost 8 inches (almost 20 centimeters) between 1916 and 2016, according to data from the National Oceanic and Atmospheric Administration. It’s projected to rise another half-inch (about 1.3 centimeters) by 2040.
In areas near the southwestern coastal city of Gwadar, like Pishukan and Ganz, waves have swallowed up mosques, schools, and settlements. There are gashes in the cliffs at the popular picnic spot of Sunset Park and rocks have cascaded onto the shore, while beaches run flat for dozens of kilometers because no structures remain on it.
“Pakistan is among the ten countries most vulnerable to climate change. Our average temperatures are projected to rise faster than the global average,” Sharif said.
“Over three-quarters of our water resources originate outside our borders. That is why Pakistan attaches great importance to transboundary water cooperation.”
He said his government was working to mitigate climate-induced flood risks and reduce drought impacts through ecosystem-based adaptation, and implementing 25 priority interventions from promoting nature-based agriculture and restoring the Indus delta to curbing industrial pollution and investing in green infrastructure.
Pakistan urges halt in Israeli strikes on Gaza for success of Saudi-backed conference on two-state solution

- Development comes after French President Emmanuel Macron said he spoke with Saudi Arabia’s Crown Prince and they will co-chair a conference on the two-state solution
- Pakistan does not recognize Israel and has consistently called for an independent Palestinian state based on ‘internationally agreed parameters’ and pre-1967 borders
ISLAMABAD: Pakistan urges the world to halt Israeli strikes on Gaza for the success of a conference in June on the two-state solution to the Palestine issue, Pakistan’s permanent mission to the United Nations (UN) said on Saturday.
The statement came days after French President Emmanuel Macron said he spoke with Saudi Arabia’s Crown Prince Mohammed bin Salman and the two leaders condemned the resumption of Israeli strikes on Gaza. Macron said they will co-chair a conference on a two-state solution, aimed at “helping revive a political perspective for both Israelis and Palestinians.”
The Israeli military on Wednesday resumed ground operations in central and southern Gaza, as a second day of airstrikes killed at least 48 Palestinians, according to health authorities. The renewed ground operations came a day after more than 400 Palestinians were killed in airstrikes in one of the deadliest episodes since the beginning of the conflict in October 2023, shattering a ceasefire that has largely held since January.
“If we can halt Israel’s military campaign, sustain a ceasefire and end the humanitarian crisis, it would create conditions conducive to the success of the endeavor for a two-State solution at the Conference, co-chaired by Saudi Arabia and France, next June,” the Pakistani mission quoted the country’s permanent representative, Munir Akram, as saying at the UN.
“This is an outcome that should be desired by the world and should enjoy consensus within the Security Council.”
Palestinian territory – encompassing the Gaza Strip and West Bank, including East Jerusalem – has been occupied by Israel since 1967. Pakistan does not recognize Israel and has consistently called for an independent Palestinian state based on “internationally agreed parameters” and pre-1967 borders.
“The Security Council, and the world community, cannot sit back and watch this on-going ethnic cleansing,” Akram was quoted as saying. “A failure to halt this brutal war will unleash the worst instinct of powerful and predatory states, shred the principles of the UN Charter, designed to prevent aggression and the scourge of war.”
Israel’s war on Gaza, which began after the Oct. 7, 2023 attacks by Hamas, has killed more than 48,000 Palestinians, most of them women and children, and displaced almost all of Gaza’s 2 million population by laying waste to swathes of neighborhoods, schools and hospitals.
At least nine injured as police, ethnic Baloch protesters clash in Pakistan’s southwest

- The clashes erupted during a protest by the Baloch Yakjehti Committee rights group over the arrest of three of its key members by authorities this week
- Balochistan, Pakistan’s largest province by land, has been the site of an insurgency for decades and has witnessed a surge in violence in recent months
QUETTA: At least nine people, including policemen, were injured after clashes broke out between police and protesters from an ethnic Baloch rights group, the Baloch Yakjehti Committee, late Friday night in the southwestern Pakistani city of Quetta, officials said.
The BYC accused law enforcement agencies of forcibly arresting its three central committee members on Wednesday and called for a protest on Sariab Road in Quetta, the capital of Balochistan province which has recent witnessed a spike in separatist attacks.
The call for protest followed a clash between protesters and the police after people attempted to take away bodies of deceased militants who were killed after the Jaffar Express train hijacking last week, according to authorities. The provincial government lodged a police case against the protesters who stormed the mortuary at Civil Hospital Quetta and booked 12 protesters on Thursday.
Last week, militants from the Baloch Liberation Army (BLA) separatist group hijacked the Peshawar-bound Jaffar Express passenger train in the rugged, mountainous Bolan region, with more than 400 passengers onboard. The hours-long siege ended after Pakistan launched an operation and killed 33 militants. The deadliest train assault resulted in the killing of over 30 Pakistani security personnel and civilians.
“The Baloch Yakjehti Committee blocked highways in Quetta and the police took legal action against the protesters who were blocking the roads,” Shahid Rind, a spokesman for the Balochistan government, said on Friday.
“The protesters pelted stones at police and tortured policemen, injuring several cops and civilians.”
The BYC was staging a sit-in on Sariab Road with bodies of three protesters, which it alleged were killed by gunfire from the authorities.
Rind said the government was ascertaining whose bodies BYC placed in their protest: “It is impossible to know the causes of death of the bodies unless the bodies were brought to the hospital for medico-legal procedure.”
Dr. Arbab Kamran Kasi, head of Trauma Center Quetta told Arab News, they had received nine injured persons, including policemen.
“Six injured with minor wounds were discharged, two are being treated and one was referred to the Combined Military Hospital,” he shared.
Dr. Mahrang Baloch, a veteran human rights activist who heads the BYC, accused police of killing three protesters by shooting at a peaceful rally in Quetta.
“We called a peaceful sit-in today on the Sariab Road in Quetta but the police attacked our protesters,” she told Arab News. “Now we have camped at Sariab Road with the bodies of three slain protesters and we won’t end the protest until justice has been provided to our slain workers.”
The office of the Quetta commissioner denied reports of firing by authorities.
“No shelling was carried out by the administration during the BYC protest. No firearms or rubber bullets were used,” it said in a statement. “Only water cannons (non-lethal and safe method) were used to disperse the crowd.”
It said the administration respects the right to peaceful protest, however, lawlessness and attacks on state institutions cannot be permitted.
Amnesty International, a global human rights watchdog, voiced alarm over the reports of deaths of three protesters and nearly a dozen injuries following live ammunition fired by authorities against the protesters in Quetta, describing it as “a shocking indictment of the Pakistani authorities’ utter disregard for human life.”
“In blatant violation of the right to protest, the authorities conducted mass arrests and fired tear gas before resorting to unlawful use of lethal weapons against the unarmed protesters. Mobile networks in the city remain suspended, hindering free flow of information,” it said on X.
“Amnesty International urges the Pakistani authorities to immediately stop the reckless crackdown against the peaceful protesters and guarantee the right to freedom of peaceful assembly and expression, in line with Pakistan’s international human rights obligations.”
Balochistan is Pakistan’s largest province by land but its most backward by almost all economic and social indicators. For decades it has been plagued by a low-level insurgency by militants fighting for a greater share of the province’s wealth.
Separatist militants, such as the Baloch Liberation Army (BLA) accuse the central government of denying locals a share of Balochistan’s mineral resources. The federal government and the military strongly deny these accusations, and say they have launched several projects in the province to support its development.
Violence by Baloch separatist factions, primarily the BLA, killed about 300 people last year, according to official statistics, marking an escalation in the decades-long conflict.
From suhoor drums to online apps: Ramadan through lens of three generations of a Pakistani family

- Digital age has significantly altered how Ramadan is observed, offering spiritual engagement through apps, social media and online platforms
- Mobile apps have become indispensable tools for Muslims worldwide during Ramadan, whether to check prayers timings or order food
ISLAMABAD: The clatter of plates, spoons and forks filled the air as Mahmood Ahmed Hashmi, 67, broke his fast earlier this week at his home in Islamabad, seated with his three sons, daughters-in-law and grandchildren around a large, colorful tablecloth spread on the floor.
Ramadan traditions and practices evolve across generations, influenced by changing demographics, media, lifestyles and digital apps, while retaining the core spiritual elements of fasting, prayer, and charity. As in other parts of the world, the digital age has also significantly altered how Ramadan is observed by Pakistani families, offering new avenues for spiritual engagement, community connection, and resource access through apps, social media, and online platforms.
Hashmi, a retired civil servant, detailed how Ramadan had changed through the generations of his family, beginning with the tradition of Ramadan drummers walking through the streets, beating drums to wake people for the pre-dawn meal (suhoor) before fasting began for the day. Once a typical feature of the holy month, today the tradition’s usefulness had been eclipsed by TV, mobile phones and alarm clocks.
“In those days, the elders used to come out in the neighborhood to wake up people for suhoor,” Hashmi told Arab News at iftar. “They used to do some drumming and other things so that people could get up, but now you have everything in your cell phone.”
Mobile apps have become indispensable tools for Muslims around the world during Ramadan, offering features like prayer time reminders, Qur’anic recitations, and fasting trackers, ensuring accurate timing and accessibility.
While many people used to visit neighborhood or community religious gatherings earlier, now platforms like YouTube and TikTok host Islamic scholars and influencers who share daily Ramadan reflections, Qur’anic tafseer (exegesis), and tips for spiritual growth, making Islamic education more accessible, especially for younger Muslims.
Social media platforms have also become main avenues for sharing Ramadan greetings, exchanging recipes, and discussing spiritual reflections.
Handwritten Eid cards — once widely exchanged among friends and relatives ahead of the post-Ramadan Eid Al-Fitr festival — were now a rarity in the age of digital greeting cards shared on Whatsapp and other messaging platforms, Hashmi lamented.
“How good the feeling used to be to get Eid cards from your loved ones,” he said. “Your near and loved ones used to wait for them. People used to display them in their drawing rooms or bedrooms. Now a picture [card] will come [on mobile phone].”
Iftar and suhoor meals would also be made entirely at home, or with snacks and food bought from neighborhood eateries, and would be consumed as a family, while food was now increasingly ordered from online apps as per individual choices, Hashmi added.
While the retired official lamented the decline in many of the Ramadan customs of his youth, his son Miraj Mustafa Hashmi, a professor at the National University of Sciences and Technology (NUST), said digital innovations such as mobile apps had streamlined everyday rituals while still nurturing cherished Ramadan traditions.
“Apps like FoodPanda have replaced traditional market trips for iftar [items],” Miraj said, explaining that this was beneficial for people who did not have the luxury of time due to jobs and other responsibilities.
“It is a digital era, things are going on like that and people are comfortable in it. I think it is a very positive change … because people like us have to stay in the office all day and work … Obviously, we want to go to the market but the pressure of work and the load is there.”
Digital platforms and apps have also made it easier for people to donate to charity and support those in need during Ramadan, a core aspect of the holy month, Miraj said.
For his 10-year-old son Ibrahim, a student of grade five who began fasting at the age of seven, Ramadan was about being able to order his favorite dishes online and checking the Internet for iftar and suhoor timings.
“I love having noodles, pizza, macaroni, samosas, pakoras, and jalebis for iftar,” Ibrahim said as he had a piece of pizza for iftar.
But was there anything Miraj missed about the way Ramadan used to be observed?
Relatives and friends used to meet each other more often at Ramadan events when they did not have the luxury to connect through video calls, he said.
“When I think of my childhood, we used to go to social events, we used to go shopping with our grandparents, we used to do all these activities,” the professor said.
“If we see, our parents spent a very tough life due to limited facilities, but they made it a little easier [for us] and our children are living a much easier life and technology is helpful.”