Rapprochement on Korean peninsula revives hope for Kashmir solution — AJK President

President of Azad Jammu and Kashmir Sardar Masood Khan. (APP)
Updated 13 May 2018
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Rapprochement on Korean peninsula revives hope for Kashmir solution — AJK President

WASHINGTON: Noting the breakthrough between the United States and nuclear-capable North Korea to avert confrontation, Azad Jammu Kashmir (AJK) President Sardar Masood Khan has expressed hope that the Kashmir dispute will also find a political solution to ensure lasting stability in South Asia.
Speaking at a daylong event of the Pakistani-American Congress here at the Capitol Hill, the AJK president also called on the United States and Pakistan to resolve their periodic differences and use their history of cooperation spanning over 70 years to find ways of working together for common goals.
The president was the chief guest at the event organized by the Pakistani-American Congress (PAC) to commemorate the 27th Annual Pakistan-US Friendship Day at the US Capitol Hill, Washington DC. Ambassador Aizaz Ahmad Chaudhry and a number of US Congressmen also attended and addressed the event.
President Khan said that Pakistan and the United States had been great allies in the past and they must strive once again to bring their relationship back on track.
He recalled that the partnership of the two countries during the Cold War, the Afghan War in the 1980s, and the war against terrorism had left a rich legacy of cooperation and collaboration.
“That must not be lost,” he said, adding that the Pakistan-US relationship went beyond the differences on security situation in Afghanistan.
He advised both sides to work toward containing periodic turbulence in the relationship and build on the decades old convergences in economic, educational, scientific, technological and cultural affairs.
Referring to the recent positive momentum generated in the Korean Peninsula, the AJK President said that Kashmiris were encouraged by the rapprochement between North and South Korea and the United States and North Korea, who were energetically reaching out to each other to explore ways to pursue the path of engagement rather than confrontation.
“The Kashmir issue is not intractable as some would try to give the impression,” he said, adding that Kashmiris in the Indian Occupied Kashmir had resolved to continue the peaceful freedom struggle until they secure their right to self-determination.
He expressed the hope that the Kashmir dispute would yield to a diplomatic solution in the near future, provided there was political will to resolve it by involving all parties to the dispute as well as the United Nations.
President Khan stated that the US should understand the plight and struggle of the Kashmiris because the US too had won its independence through a long, fierce and arduous struggle.
Kashmiris and the people of Pakistan are seeking American attention and support for the resolution of the issue of Jammu and Kashmir because of its historical ties with the region and its track record of trying to find a diplomatic solution to the problem in the past, he added.
President Khan drew the attention of the august gathering to the plight of the Kashmiri people in Kashmir and said that hundreds, mostly youth, have been killed in a renewed phase of struggle during the past two years at the hands of the Indian forces.
Indian troops were committing gross violation of human rights in the region and, according to international reports, nearly 1400 Kashmiris, including children, had lost their eyesight completely or partially, he said.
The president said that Indian attempts to change the demography in IOK were a direct violation of the Fourth Geneva Convention and Additional Protocol I. International Humanitarian Law, ICC Statute, UN Security Council Resolutions and Human Rights Reports.
The president also presented a six-point formula for addressing this egregious human rights situation in Kashmir, which included discussion by the Security Council on the Kashmir dispute, expansion of UN Military Observer Group in India and Pakistan (UNMIGOP) to report on security situation in the disputed territory and recognition of Kashmir as a dispute by India.
He said that India should withdraw bulk of its armed forces and repeal draconian laws forthwith that provided immunity to the Indian troops to commit human rights violations.
The president emphasized that Kashmir was a tripartite international issue.
“Kashmiris do not want Kashmir to become a flashpoint between nuclear armed Pakistan and India but want to project it as a symbol of connectivity and harmony for the whole of South Asia.”
Ambassador Aizaz Ahmad Chaudhry also spoke on the occasion, commending the Pakistani-Americans for playing key role in promoting cooperation and friendship between Pakistan and the United States.
Other speakers at the event included Congressman Tom Suozzi from New York, Congressman Donald Norcross from New Jersey, Congressman Michael Coffman from Colorado and Congresswoman Sheila Jackson.


Pakistan says eyeing billions in investments through crypto projects in coming years

Updated 9 sec ago
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Pakistan says eyeing billions in investments through crypto projects in coming years

  • Pakistan Virtual Assets Regulatory Authority Chairman attends Abu Dhabi Bitcoin Conference 2025
  • Says Pakistan considers Bitcoin, digital assets “a fundamental pillar of the future financial system“

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib said this week that Islamabad is eyeing billions in investment through digital assets initiatives and cryptocurrency projects in the coming years, state media reported. 

Analysts have said Pakistan’s attempts to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation could bring an estimated $25 billion in virtual assets into the tax net.

Pakistan has attempted to bring virtual asset service providers (VASPs) under a formal licensing regime in recent months. PVARA this month also granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX.

Speaking during an interview at the Abu Dhabi Bitcoin Conference 2025, Saqib said Pakistan is reforming the unregulated crypto market to transform it into a “transparent and investor-friendly system in line with global standards,” state broadcaster Radio Pakistan reported on Saturday. 

“He said that interim licenses, mining, tokenization and fintech pilot projects have been launched for major exchanges in Pakistan and billions of dollars are expected to be invested in these projects in the next few years,” Radio Pakistan said in its report. 

The PVARA chairman said Pakistan has become the “center of attention” globally due to the significant progress it has achieved in crypto regulation.

Saqib said Islamabad considers Bitcoin and digital assets not only an investment but “a fundamental pillar of the future financial system.”

“He said that Pakistan’s goal is to make youth not consumers but digital creators and architects of the new economy,” Radio Pakistan said. 

Pakistan’s move to formalize digital asset regulation comes amid broader economic reforms under an International Monetary Fund program, with authorities under pressure to strengthen financial controls, improve transparency and manage risks linked to emerging technologies. 

While officials have framed the crypto framework as regulation-first rather than promotion-led, analysts say its implementation, particularly enforcement and coordination with the central bank, will be closely watched by international lenders and investors.