Pakistan has tested multiple missile types over the last few years to increase its defence capabilities and also to ensure credible deterrence. The missiles range from ground-launched cruise missiles to medium-range ballistic missiles. Fatah 4 cruise missile On September 30, the Pakistan Army successfully conducted a training launch of a newly inducted, indigenously-produced Fatah-4 cruise missile at a range of 750 kilometres, the military’s media wing said. “Equipped with advanced avionics and state-of-the-art navigational aids, this weapon system is capable of evading [the] enemy’s missile defence system due to terrain-hugging features and engaging targets with high precision,” the Inter-Services Public Relations (ISPR) said in a statement. An image of the newly inducted cruise missile Fatah-4. — Screengrab via X/@PTVNewsOfficial Fatah surface-to-surface missile On May 5, Pakistan conducted a successful training launch of a Fatah series surface-to-surface guided missile with a range of 120 kilometres, as pa...
Pakistan and Saudi Arabia on Tuesday launched the Economic Cooperation Framework, which is based on their shared economic interests and reaffirms their desire to strengthen trade and investment relations. The decision to launch the framework was taken during a Monday meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the Ninth Edition of the Future Investment Initiative (FII9) in Riyadh, according to a statement from the Foreign Office (FO). The FII9 convened global leaders, investors, policymakers, and innovators to explore the theme, ‘The Key to Prosperity: Unlocking New Frontiers of Growth’ and discuss key topics such as innovation, sustainability, economic inclusion, and geopolitical shifts. “As part of the framework, several strategic and high-impact projects will be discussed in the economic, trade, investment and development fields that will contribute to strengthening cooperation between the two governments, enhancing the pivotal role of the pr...
Fintech startup ZAR aims to use Pakistan’s corner stores and kiosks to make stablecoins accessible to millions of unbanked citizens. Venture capital giant Andreessen Horowitz (a16z) is leading a $12.9 million funding round for ZAR, a one-year-old fintech startup aiming to make dollar-backed stablecoins accessible to everyday consumers in Pakistan and other emerging markets. The round drew participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures and Endeavor Catalyst, according to a Tuesday report by Bloomberg. The startup is targeting Pakistan’s 240 million people, where the World Bank estimates over 100 million adults remain unbanked. Unlike many crypto companies focused on apps or global exchanges, ZAR plans to distribute stablecoins through local stores, phone kiosks and money agents, the same network used for mobile top-ups and remittances. Read more
A second round of talks between Pakistan and Afghanistan kicked off in Istanbul on Saturday, with Islamabad eyeing a “concrete” mechanism to monitor Afghan Taliban actions aimed at preventing cross-border terrorist attacks. Today’s meeting follows the first round of Pakistan-Afghanistan talks mediated jointly by Qatar and Turkiye in Doha on October 18-19. The Qatar talks had come after days of fighting along the Pak-Afghan border — where trade is still closed — and strikes by Islamabad on Gul Bahadur group camps in Afghanistan. The agreement reached in Doha extended an initial 48-hour truce and resulted in a permanent ceasefire, as well as a commitment to reconvene in Istanbul to work on mechanisms for lasting peace and stability between the two countries. According to Afghan interim administration spokesman Zabihullah Mujahid, the Afghan delegation was to be led by Mawlawi Rahmatullah Najeeb, deputy minister at Ministry of Interior, Turkish news agency Anadolu reported. Islamabad has not said who it has sent...