US-Taliban peace opens new avenues of development in region — FM Qureshi

Pakistan's Foreign Minister Shah Mahmood Qureshi, right, meets Special Representative for Afghanistan Reconciliation, Zalmay Khalilzad, on the sidelines of the US-Taliban peace treaty ceremony in Doha on Feb. 29, 2020. (Photo courtesy: Foreign Office)
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Updated 29 February 2020
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US-Taliban peace opens new avenues of development in region — FM Qureshi

  • Says Islamabad will continue to work for sustainable peace and stability in Afghanistan
  • The US-Taliban deal hopes to end 19 years of conflict in Afghanistan that began with Taliban’s ouster in 2001

ISLAMABAD: Pakistan Foreign Minister Shah Mahmood Qureshi said on Saturday that Islamabad hoped to see intra-Afghan negotiations following the signing of US-Taliban peace deal in Qatar today, according to a statement issued by the foreign office.

Qureshi is currently in the Qatari capital of Doha to represent Pakistan at the signing ceremony of the historic peace deal which aims to end the decades long conflict that has marred Afghanistan since the ouster of the Taliban regime in 2001. 

According to the foreign office, Qureshi met with the US special representative for Afghan reconciliation, Zalmay Khalilzad, in Doha where the American diplomat briefed the Pakistani foreign minister on the recent developments related to the US-Taliban peace deal.

Qureshi reiterated that Islamabad would continue to work for sustainable peace and security in the wake of the peace deal. He noted during his interaction with Khalilzad that Afghanistan would require international support for reconstruction efforts, according to the official handout.

The US and Afghan Taliban representatives have held behind-the-door negotiations for nearly two years in the Qatari capital before finding a way to end the 19-year old war — the longest in the US history.

Earlier, while addressing the Pakistani diaspora in Qatar, Qureshi said that the peace agreement between the United States and Afghan Taliban will open new avenues of development in the region.
“Peace in Afghanistan will open up our links with Central Asia,” Qureshi was quoted as saying.
He added that with peace and stability, “there will be numerous opportunities for promoting bilateral trade” between Pakistan and Afghanistan.
The deal follows nearly a week of reduced violence by the Taliban which had committed to preventing suicide attacks, rocket fire and bombings — a key US demand ahead of the final agreement today.
Next, it’s expected to pave way for the gradual departure of nearly 12,000 foreign troops from the country and the start of an intra-Afghan dialogue.
The troop withdrawal is a tit-for-tat condition set by the Taliban, which has refused to engage with Afghan President Ashraf Ghani and his government.
In a statement released late on Friday, US President Donald Trump urged Afghans to seize the opportunity for peace and “a new future” for their country.
“Nearly 19 years ago, American service members went to Afghanistan to root out the terrorists responsible for the 9/11 attacks. In that time, we have made great progress in Afghanistan, but at great cost to our brave service members, to the American taxpayers, and to the people of Afghanistan,” he said.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.