Pakistan has invited international crypto firms to apply for licenses under its regulatory authority PVARA, with strict criteria and global compliance standards. Pakistan has opened the door to international crypto businesses, inviting leading exchanges and virtual asset service providers (VASPs) to apply for licenses under a new federal regime. On Saturday, the Pakistan Virtual Asset Regulatory Authority (PVARA) called on major crypto firms to submit Expressions of Interest (EoIs) to enter the country’s digital asset market, according to a report by local news outlet Dawn. “This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan,” said Bilal bin Saqib, PVARA chair and minister of state for crypto and blockchain. Read more
A Pakistan-India cricket match is always a blockbuster, but emotions will run even higher in Sunday’s Asia Cup clash between the nuclear-armed neighbours, who engaged in a four-day military conflict earlier this year. Even before the clashes in May, which nearly escalated into a full-blown war, bilateral cricket ties were suspended. The arch-rivals now play each other only in multi-team tournaments. Political relations have deteriorated further since the clashes, with several former Indian players urging the Board of Control for Cricket in India (BCCI) to boycott what will be the first meeting between the teams since the recent hostilities. While the threat of a boycott is over, sparks may fly with Pakistan captain Salman Ali Agha and his Indian counterpart Suryakumar Yadav ruling out dialling down aggression in the much-anticipated Group A fixture. While reigning T20 world champions India are the firm favourites to retain their title, Pakistan are on a high, having convincingly beaten Afghanistan to win the ...
Pakistan and Israel engaged in a heated debate at the United Nations Security Council (UNSC) on Thursday, with Islamabad condemning Tel Aviv’s recent attack in Qatar targeting Hamas leaders as “illegal, unprovoked, and a threat to regional stability”. The sharp exchange took place at an emergency UNSC meeting convened under the agenda item ‘Situation in the Middle East’. The session had been requested by Algeria, Pakistan, and Somalia and was supported by France and the United Kingdom. Ambassador Asim Iftikhar Ahmad, Pakistan’s Permanent Representative to the UN, opened his address at the UNSC with a strong condemnation of Israel’s strike, calling it a “brazen and illegal assault” and a violation of Qatar’s sovereignty. “The brazen and illegal assault is not an isolated incident, rather it is part of a broader and consistent pattern of aggression and violation of international law by Israel that undermines regional peace and stability.” Ahmad further highlighted that the “Israeli strikes targeted a residentia...