KARACHI: At least three people were killed and several others injured when two trains collided in Pakistan’s southern Sindh province on Thursday, officials said.
A driver, assistant driver and a guard were killed when a passenger train traveling to Lahore from the southern port city of Karachi hit a goods train that had stopped at a crossing, railway spokesman Riaz Abbasi told AFP.
Ishaq Baloch, a railway official confirmed the death toll and told AFP that an investigation has been launched to determine the causes of the collision.
Baloch said the crash occurred on the main railway track and that train services from Karachi were suspended while the wreckage was being removed.
All passengers on the train were safe, Sheikh Rasheed Ahmed, the country’s minister for railways told private TV channel ARY.
Video footage on local media showed the damaged engine and bogies of the trains and rescue workers and hundreds of people gathering to rescue the injured.
Train accidents are common in Pakistan, where railways have seen decades of decline due to corruption, mismanagement and lack of investment.
Pakistan train collision kills at least three: officials
Pakistan train collision kills at least three: officials
- Hundreds of people gathered to rescue the injured
- Investigation has been launched to determine the causes of the accident
JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan
- MoU focuses on awareness and development of compliant virtual-asset solutions in Pakistan
- Pakistan introducing licensing regime for crypto firms as it formalizes digital-asset oversight
ISLAMABAD: Pakistani financial-technology platform JazzCash has signed a memorandum of understanding with global cryptocurrency exchange Binance in the United Arab Emirates to explore cooperation on virtual-asset use and education in Pakistan, the company said on Wednesday.
The agreement sets a framework for discussions on awareness campaigns and future digital-asset products that would comply with Pakistan’s emerging crypto regulations. The move signals growing engagement between global blockchain companies and Pakistani fintechs as authorities shift toward formal licensing of the sector.
Pakistan has spent the past year drafting rules to regulate the fast-expanding market for digital coins and tokens, requiring virtual-asset service providers to obtain government approval. Officials say the transition is aimed at curbing money-laundering and terror financing risks, boosting transparency and encouraging responsible innovation.
“JazzCash has always championed technologies that expand financial access while promoting secure and inclusive participation in the digital economy," JazzCash Chief Executive Officer Murtaza Ali said.
“By entering into this exploratory MoU with Binance, we are advancing our efforts to understand how global digital-asset trends can support Pakistan’s evolving regulatory landscape. We aim to engage responsibly, support regulatory progress, and advance opportunities that build trust, transparency and innovation for our customers.”
The MoU does not establish a commercial partnership, but marks one of the most high-profile engagements between Pakistan’s fintech sector and a global crypto exchange as the country moves toward regulated digital-asset adoption.
Binance welcomed the cooperation, framing it as part of Pakistan’s shift toward regulated digital-asset activity.
"With regulatory frameworks like [Pakistan Virtual Assets Regulatory Authority] PVARA paving the way, this collaboration represents a significant step toward expanding financial inclusion and empowering more people to access the benefits of blockchain technology in a secure and compliant environment," Binance Chief Marketing Officer Rachel Conlan said.
Earlier this month, Binance executives met Pakistani finance officials to discuss digital-payments reform, blockchain-skills training and the potential for Web3-linked jobs. Pakistan also set up the Pakistan Crypto Council and formed PVARA this year to license and supervise crypto-asset service providers.
