KUALA LUMPUR: Pakistani Prime Minister Imran Khan has expressed gratitude for Malaysia’s support on the issue of Kashmir and reaffirmed his country’s commitment to fostering bilateral ties with the Southeast Asian nation during an official visit on Tuesday.
Khan thanked Malaysian Prime Minister Mahathir Mohamad for “standing with (Pakistan) and speaking about the injustice in Kashmir.”
“I want to specifically thank the prime minister – the way the prime minister spoke about what the people of Kashmir are going through right now. Unfortunately, a very radical and extreme government has taken over in India and has put the people of Kashmir in an open prison for six months,” he said during a joint press conference.
Mahathir was very critical of India’s military lockdown in Kashmir during a speech at the 74th United Nations General Assembly in New York on Sept. 27, and has defended his stance since then despite a backlash by New Delhi which threatened to cut palm oil imports from Malaysia.
Malaysia is one of the largest producers of palm oil in the world, while India is one of the largest consumers of the commodity.
As a result, Malaysia is eyeing opportunities to export its palm oil to Pakistan. “We did talk about the sale of palm oil and Pakistan is quite ready to import more palm oil from Malaysia,” the 94-year old Malaysian leader said on Tuesday.
The two-day visit was Khan’s second trip to Malaysia since assuming office in 2018. He was scheduled to deliver a speech at the Kuala Lumpur Summit in December, but decided to cancel his attendance at the last minute.
“Unfortunately, our friends who are very close to Pakistan as well felt that the conference was going to divide the Ummah,” Khan said, adding that it was “clearly a misconception because that was not the purpose of the conference.”
“I was looking forward to attend the conference because I feel it is important that Muslim countries educate the Western countries and other non-Muslim countries on their misunderstandings about Islam,” he said, referring the summit which was attended by leaders from Turkey, Qatar, and Iran.
Khan’s two-day visit included a talk at the International Institute of Advanced Islamic Studies (IAIS) in Kuala Lumpur, where he shared his views on Islamophobia.
Pakistan and Malaysia also reaffirmed the 2007 Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) and signed an extradition treaty on Tuesday.
Pakistani Foreign Minister Shah Mahmood Qureshi, who accompanied Khan during the visit, and Malaysian Law Minister Liew Vui Keong signed the deal which deals with people who seek sanctuary in the former country after committing a crime in the latter.
Khan and Mahathir also exchanged views on the current issues regarding the situation in Palestine, and the plight of Rohingya people in Myanmar, as they vowed to “collaborate more closely on the issues affecting the Muslim Ummah.”
“As two peace-loving Islamic nations, both of us agreed to increase the collaborative efforts between our two countries, to uphold the true values of Islam while strengthening the solidarity of the Muslim Ummah,” Mahathir said.
Malaysia, Pakistan reaffirm close ties, call out India on Kashmir
https://arab.news/2acx4
Malaysia, Pakistan reaffirm close ties, call out India on Kashmir
- Khan apologized for his absence at the Kuala Lumpur Summit in December
- Following restrictions imposed by India, Malaysia seeks to export its palm oil to Pakistan
Pakistan launches crypto testing framework to regulate digital assets
- Regulatory ‘sandbox’ to let firms test crypto products under supervision
- Move comes amid broader push to formalize Pakistan’s digital asset sector
ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) on Friday launched a crypto testing framework to regulate digital assets, allowing firms to trial new products and services under official supervision.
The initiative, formally structured as a regulatory “sandbox,” creates a controlled environment where companies can test crypto-related services under the oversight of the regulator before full-scale approval.
According to PVARA, the sandbox will support real-world use cases including tokenization, stablecoins, remittances and on- and off-ramp infrastructure.
Tokenization refers to converting real-world assets into digital tokens on a blockchain, while stablecoins are cryptocurrencies pegged to a fiat currency to maintain a stable value. On- and off-ramp infrastructure allows users to convert between fiat money and digital assets, enabling the practical use of virtual asset products.
“The Pakistan Virtual Assets Regulatory Authority has formally approved and launched its Regulatory Sandbox for virtual assets,” PVARA said in a post on X. “Sandbox Guidelines and the application process will be published shortly on our website.”
The move comes as the government seeks to build a formal regulatory framework for digital assets while attracting investment and strengthening oversight of the sector.
Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.
In January, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial, a crypto-based finance platform launched in September 2024 and linked to US President Donald Trump’s family to explore the use of a dollar-linked stablecoin for cross-border payments.










