Pakistan announces three-day holiday on account of Eid Al-Adha 

Livestock vendors give bath to a bull at a cattle market ahead of Muslim festival of Eid al-Adha, on the outskirts of Karachi on June 19, 2023. (AFP)
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Updated 21 June 2023
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Pakistan announces three-day holiday on account of Eid Al-Adha 

  • Offices observing five working days will remain closed on June 29 and 30 
  • Workplaces observing six working days will be closed from June 29 to July 1 

ISLAMABAD: The Pakistani government on Tuesday announced a three-day holiday from June 29 to July 1 on account of the Muslim festival of Eid Al-Adha, an official notification issued in this regard said. 

Eid Al-Adha is one of the two most important festivals of the Islamic calendar. The other, Eid Al-Fitr, occurs at the end of Ramadan, the holy month of fasting. Muslims mark the Eid Al-Adha holiday by slaughtering animals such as sheep and goats. The meat is shared among family and friends and donated to the poor. 

The faithful across continents celebrate the festival which comes as the annual Hajj pilgrimage to Makkah in Saudi Arabia draws to a close. 

“It is for general information that the prime minister is pleased to approve public holidays on the occasion of Eid-ul-Azha as follows: 29th and 30th June 2023 (Thursday and Friday) for the offices observing five days working in a week,” the notification said. 

“Twenty-ninth June to 1st July 2023 (Thursday, Friday, and Saturday) for the offices observing 6 days working in a week.” 

The holidays were announced a day after Pakistan’s moon sighting body confirmed that the festival would be observed in the country on Thursday, June 29. 

On Sunday, the crescent moon for Dhul Hijjah was sighted in Saudi Arabia and the first day of the month was observed there on June 19. 

In the Kingdom, the day of Arafah — considered the holiest in Islam — will be on Tuesday, June 27, while the first day of Eid Al-Adha will be celebrated on Wednesday, June 28, in Saudi Arabia. 


Gaza, Lebanon in focus as Pakistani leaders head to summit of D-8 developing nations

Updated 17 December 2024
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Gaza, Lebanon in focus as Pakistani leaders head to summit of D-8 developing nations

  • D-8 summit in Cairo from Dec 18-20 will see gathering of leaders from eight countries to promote economic cooperation 
  • PM to attend special session on Gaza where Israeli military campaign has killed over 46,000 people since Oct. 7 last year

ISLAMABAD: Pakistan will participate in the Eleventh Summit of the Developing Eight (D-8) countries being held in Egypt from Dec. 18-20 where Israel’s military offensive on Gaza and the humanitarian crisis and reconstruction efforts in the besieged enclave as well as neighboring Lebanon will be at the center of discussions, the foreign office said on Tuesday.

Prime Minister Shehbaz Sharif will leave for Egypt tomorrow, Wednesday, for the main summit while Deputy Prime Minister Ishaq Dar left today, Tuesday, to attend the 21st Session of the D-8 Council of Ministers on Dec. 18. 

The D-8 Summit is a gathering of leaders from eight developing countries including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkiye. It aims to promote economic cooperation and development among member states, with a focus on areas like trade, energy, agriculture, and transportation.

Besides addressing the summit and holding bilateral meetings on the sidelines, Sharif will attend a special session on the humanitarian crisis and reconstruction challenges in Gaza and Lebanon following Israel military offensives in the Middle East since October last year. 

“He will underline Pakistan’s principled position on the situation in Palestine and call for peace in the Middle East,” the foreign office said.

Health officials in the Gaza Strip said on Monday the death toll from the 14-month war between Israel and Hamas had topped 45,000 people. 

The Gaza Health Ministry does not distinguish between civilians and combatants in its count, but it has said that more than half of the fatalities are women and children. The Israeli military says it has killed more than 17,000 militants, without providing evidence.

The theme of this year’s D-8 Summit is “Investing in Youth and Supporting SMEs: Shaping Tomorrow’s Economy.”

“At the Summit, the Prime Minister will underline the importance of investing in youth and SMEs for building a strong and inclusive economy; creating jobs; advancing innovation; and promoting local entrepreneurship,” the foreign office said.

“He will express Pakistan’s strong commitment to the ideals of D-8; underscore the importance of fostering partnerships for mutual benefit and prosperity; and promoting cooperation in agriculture, food security and tourism. He will also underline Pakistan’s incentives for youth empowerment and financial development.”


Pakistani, Saudi interior ministers discuss security, narcotics control cooperation in Riyadh

Updated 17 December 2024
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Pakistani, Saudi interior ministers discuss security, narcotics control cooperation in Riyadh

  • Naqvi’s meeting with interior minister follows meeting with head of Saudi General Directorate of Narcotics Control
  • Naqvi arrived in Riyadh on Sunday as the longtime allies seek to forge closer economic, investment and security ties

ISLAMABAD: Pakistani Interior Minister Mohsin Naqvi met with Saudi Arabia’s Minister of Interior, Prince Abdulaziz bin Saud bin Naif, in Riyadh on Tuesday and discussed security cooperation and joint narcotics control measures. 

Naqvi’s meeting with the Saudi interior minister follows a meeting on Monday with Major General Mohammed bin Saeed Al-Qarni, the head of the Kingdom’s General Directorate of Narcotics Control (GDNC). 

Naqvi arrived in Riyadh on Sunday to discuss bilateral ties as both countries seek closer economic, investment and security ties.

“The ministers discussed security cooperation between Pakistan and Saudi Arabia,” the Pakistani interior ministry said in a statement. “Prince Abdulaziz and Mohsin Naqvi also discussed measures to combat drug smuggling and other issues of mutual interest. The meeting included discussions on enhancing cooperation in narcotics control.”

On Sunday, Naqvi also met with the Kingdom’s Director of Public Security, Lt. Gen. Mohammed bin Abdullah Al-Bassami, and inspected various departments of the state-of-the-art Directorate of Public Security and the Safe City Center.

“During the meeting, it was agreed to activate the joint task force [on public security] between Pakistan and Saudi Arabia soon,” the Pakistani interior ministry said in a statement, with Naqvi adding that he was glad to see “excellent” public security mechanisms in Saudi Arabia and both sides could benefit from each other’s experiences in the field of police training.


Hajj application deadline for Pakistan government scheme expires today

Updated 17 December 2024
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Hajj application deadline for Pakistan government scheme expires today

  • With 79,000 Hajj applications received by Dec. 10, 10,605 slots remained vacant under government scheme
  • Ministry said it would continue receiving applications on “first-come, first-served basis for few thousand vacant seats”

ISLAMABAD: The last day to submit applications for Hajj 2025 at designated banks under the Pakistan federal government scheme is today, Tuesday, the ministry of religious affairs said in a statement. 

Saudi Arabia has allotted Pakistan a total quota of 179,210 pilgrims for the upcoming Hajj, to be divided equally between the government and private schemes. The government last week extended the deadline for the submission of Hajj applications for government scheme slots from Dec. 3 to Dec. 10.

On Dec. 10, the ministry of religious affairs said it had so far received 79,000 applicants and announced that it would continue receiving submissions on “a first-come, first-served basis for a few thousand vacant seats.”

“December 17 will be the last day for submitting Hajj applications at designated banks,” the religious affairs ministry said on Monday. “All applications received by December 17 will be considered successful.”

The religious affairs ministry announced this year’s Hajj policy last month, allowing pilgrims to pay Hajj fees in installments for the first time. The first installment of Rs200,000 ($717) must be deposited along with the application while the second installment of Rs400,000 ($1,435) has to be submitted between Dec. 19-27. The remaining amount has to be deposited by Feb. 10 next year.

Pakistan’s religious affairs ministry has launched the ‘Pak Hajj 2025’ mobile application to guide and facilitate pilgrims. The app is available for both Android and iPhone users.

The Pakistan government has also announced a reduction in airfare for Hajj 2025, with a Rs14,000 ($50) drop in ticket prices. Pilgrims enrolled in the federal program will now pay Rs220,000 for airfare, down from last year’s Rs234,000. 

The national flag carrier, the Pakistan International Airlines (PIA), Saudi Airlines and other private airlines have agreed to the relief package, according to the Pakistan government.

With 79,000 Hajj applications received by Dec. 10, 10,605 slots remained vacant under the government scheme. Last year, Pakistan surrendered 21,000 Hajj seats to Saudi Arabia due to a shortage of applications, but this year the government hopes all slots can be filled.


Pakistan government downplays Trump envoy pick’s comments calling for release of Imran Khan

Updated 17 December 2024
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Pakistan government downplays Trump envoy pick’s comments calling for release of Imran Khan

  • In X posts on Nov. 26, Richard Grenell called for the release of Khan and said he was in jail on “phony charges”
  • There has been renewed interest in the remarks since Trump picked Grenell as new envoy for special missions

ISLAMABAD: Pakistani Defense Minister Khawaja Asif has downplayed comments by Richard Grenell, the pick for US presidential envoy for special missions, calling for the release of jailed ex-premier Imran Khan, saying the government did not expect the remarks to have any “repercussions.”

In an X post on Nov. 26, Grenell posted “Released Imran Khan!” as his party held protests in the Pakistani capital to demand their leader’s release from prison. In a second post, he said, “Watch Pakistan. Their Trump-like leader is in prison on phony charges … Stop the political prosecutions around the world!” On Tuesday morning, Grenall posted again in support of Khan. 

There has been renewed interest in the online posts since last Saturday when US President-elect Donald Trump said he was picking Grenell, his former intelligence chief, as new presidential envoy for special missions, igniting hopes in pro-Khan camps that he would push for the jailed former prime minister’s release when formally appointed after Trump’s inauguration on Jan. 20, 2025.

Khan has been in jail since August 2023 on charges he says are trumped up by the government and the all-powerful military to keep him away from politics. Both deny the charge. 

“I don’t think there is any pressure involved,” Asif said in an interview to Independent Urdu on Monday when asked if the Pakistan government expected pressure from the US on Khan’s release after Grenell’s appointment.

“In American politics, there are different considerations that different people and parties have and according to that they express their views, but as far as government to government relations go, their expression or interpretation through any tweets, or such statements, is far-fetched … I don’t think there will be any repercussions of [Grenell’s tweets] at any level.”

Khan, who was ousted from office after a parliamentary vote in April 2022, has since waged an unprecedented campaign of defiance against the country’s powerful military, which is thought to be aligned with the coalition government of Prime Minister Shehbaz Sharif. The military denies it interferes in politics. 

Khan continues to remain popular among the masses, with his Pakistan Tehreek-e-Insaf party’s rallies drawing thousands of people from across the country. The PTI has held several rallies over the past few months to build public pressure to secure his release from prison. 

Four troops and 12 PTI supporters were killed in the latest protest in Islamabad last month after security forces raided the protest site to disperse demonstrators who had gathered at a square that is in the federal capital’s heavily-policed red zone, home to key government and diplomatic buildings as well as the Supreme Court.

Khan’s party was also barred from Pakistan’s general election on Feb. 8 2024, but the would-be candidates stood as independents.

Despite the ban and Khan’s imprisonment for convictions on charges ranging from leaking state secrets to corruption, millions of the former cricketer’s supporters voted for him. Independent candidates from his party won the highest number of seats but not enough to form a government on their own. Khan cannot be part of any government while he remains in prison.


Pakistan monetary policy ‘adequate’ to manage inflationary risks, support economic growth — analysts 

Updated 17 December 2024
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Pakistan monetary policy ‘adequate’ to manage inflationary risks, support economic growth — analysts 

  • State Bank of Pakistan cut its key policy rate by 200 basis points to 13 percent on Monday
  • This was fifth straight reduction since June as Pakistan tries to revive sluggish economy

ISLAMABAD: Analysts said on Tuesday Pakistan’s monetary policy was “adequate” to manage inflationary and external risks while also supporting economic growth, a day after the central bank cut its key policy rate by 200 basis points to 13 percent.

This is the fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing. Pakistan’s latest move makes this year’s cuts one of the most aggressive among emerging market central banks in the current easing cycle. Cumulatively, the central bank has cut rates by 900 basis points during 2024, even higher than during the pandemic in 2020 when it cut 625 basis points in a year. 

Monday’s move follows cuts of 150 bps in June, 100 in July, 200 in September, and a record cut of 250 bps in November, that have taken the rate down from an all-time high of 22 percent, set in June 2023 and left unchanged for a year.

“The key driver for this [rate cut] decision is continuous decline in food prices … sticky core inflation and volatile inflation expectation of consumers and business are also key factors,” Topline Securities said in an analysis of the monetary policy announcement on Monday evening.

“In addition, key demand indicators have shown signs of improvements. Based on these factors, central bank believes that current approach of monetary settings is adequate to manage inflationary and external risks and will also support economic growth.”

Key developments as highlighted by the monetary policy committee were a third consecutive month of a current account surplus, supportive global commodity prices, higher credit offtake primarily driven by the Advance-to-Deposit Ratio (ADR) threshold and a widening revenue shortfall by the Federal Board of Revenue. 

“Policy rate cuts since June 24 are beginning to take effect and real policy rate remains suitably positive to ensure inflation stabilizes within the target range of 5 percent-7 percent,” the report said. 

For the next fiscal year, average inflation is likely to remain much lower than the earlier forecast of 11 percent-13 percent. Core inflation saw a slight decline in November, while consumer inflation expectations edged higher. However, the inflation outlook remains exposed to risks such as additional revenue measures, a resurgence in food inflation, and rising global commodity prices, Topline added. 

Responding to a question, the governor of the central bank said on Monday the sharp decline in the policy rate was likely to aid the government on the expenditure front and despite the shortfall on revenue, the fiscal balance was expected to remain in the budgeted range.

Pakistan is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September.

While announcing the monetary policy, the central bank noted that “considerable efforts and additional measures” would be required for Pakistan to meet its annual revenue target, a key focus of the IMF agreement.