{
  "id": 13341115,
  "title": "Govt Approves Interest-Free Hajj Savings Scheme",
  "url": "https://urgent.news/2026/10/10/govt-approves-interest-free-hajj-savings-scheme",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T05:52:09.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/10/govt-approves-interest-free-hajj-savings-scheme/"
  },
  "original_language": "en",
  "account": "The Pakistani government has approved a plan for an interest-free Hajj savings scheme, designed to assist Pakistanis in financially preparing for the pilgrimage despite increasing costs. The initiative, a collaboration between the Ministry of Finance and National Savings, will enable individuals to save money through a digital platform, allowing them to select a savings period that fits their financial situation. This flexibility should help pilgrims plan their contributions in advance of the Hajj. The scheme will also permit the transfer of savings accounts or linked facilities to other family members, and participants can access their deposited funds at any time without penalty. The scheme's goal is to provide an accessible option for advance financial planning, replacing the need for pilgrims to pay the entire pilgrimage cost upfront. While there are discussions about extending the model to other religious pilgrimages such as Umrah, this expansion has not yet been finalized. Officials are currently working on the precise procedures and regulations for the Hajj Savings Plan, with expectations to finalize these details within the next two months. Additional information, including the official launch date and the process for joining the scheme, is anticipated after these rules are established.",
  "summary": "Prime Minister Shehbaz Sharif has approved a summary for an interest-free Hajj savings scheme aimed at helping Pakistanis prepare financially … Read More The post Govt Approves Interest-Free Hajj Savings Scheme appeared first on ProPakistani .",
  "key_points": [
    "Pakistani government approves interest-free Hajj savings scheme.",
    "Initiative enables digital savings through Ministry of Finance and National Savings.",
    "Scheme allows flexible savings periods and transfers to family members."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}