First Pakistani national dies of coronavirus in Italy — foreign office

A hospital worker is pictured at the emergencies department of the Cardarelli hospital in Naples on March 11, 2020. (AFP)
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Updated 15 March 2020
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First Pakistani national dies of coronavirus in Italy — foreign office

  • A 61-year-old Pakistani man passed away in Brescia, 100 miles from Milan
  • Pakistan has confirmed 20 cases of the virus in the country

ISLAMABAD: A Pakistani national infected by coronavirus has died in Italy, the Pakistani foreign office said on Wednesday, as the death toll from an outbreak of the virus in Italy jumped in the last 24 hours by 196 to 827.

“61-year-old Imtiaz Ahmad, unfortunately, died of coronavirus in a place called Brescia, 100 miles from Milan in Italy,” foreign office spokesperson Aisha Farooqui said in a statement. “The Consulate has been in touch with the family and Italian authorities on the matter.”

The total number of cases in Italy, the European country hardest hit by the virus, rose to 12,462 from a previous 10,149, an increase of 22.8%, the country’s Civil Protection Agency has said.

In Pakistan, authorities have confirmed 20 cases of the virus since February 26, of which one has recovered.

On Wednesday, the World Health Organization described the new coronavirus as a pandemic for the first time, adding that Italy and Iran were now on the frontline of the disease and other countries would soon join them.

In the past two weeks, the number of coronavirus cases outside China, where the virus originated, has increased 13-fold, and the number of affected countries has tripled, the WHO said.

“There are now more than 118,000 cases in 114 countries, and 4,291 people have lost their lives,” the WHO said, adding that thousands more were fighting for their lives in hospitals.

“Pandemic is not a word to use lightly or carelessly,” WHO Director-General Dr. Tedros Adhanomsaon said in a statement. “It is a word that, if misused, can cause unreasonable fear, or unjustified acceptance that the fight is over, leading to unnecessary suffering and death.”


Pakistan pitches digital finance reforms to foreign fintech investors

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Pakistan pitches digital finance reforms to foreign fintech investors

  • Khurram Schehzad highlights progress on digital banking and plans for regulating blockchain and virtual assets
  • Visiting delegation welcomes policy clarity, sees scope for long-term investment and partnerships in Pakistan

KARACHI: Pakistan on Saturday pitched its digital finance and fintech reforms to foreign investors as part of a broader effort to attract capital after macroeconomic stabilization, with a senior official highlighting progress on digital banking, payments infrastructure and regulatory overhaul.

The outreach came as Islamabad seeks to sustain reform momentum following a period of economic stress, positioning technology-led financial inclusion as a pillar of its recovery and growth strategy while courting international investors.

Khurram Schehzad, adviser to the finance minister, briefed a delegation of international fintech investors on Pakistan’s reform agenda and digital growth plans at a meeting in federal capital, according to a statement from the finance ministry.

“Consistent policy implementation and structural reforms have strengthened macroeconomic fundamentals and improved Pakistan’s investment outlook,” he said, highlighting the “renewed global confidence” in the economy.

Officials said the discussions focused on the government’s Digital Pakistan Vision, including efforts to expand digital payments, build public digital infrastructure and digitize government transactions to widen financial inclusion and formalize the economy.

Schehzad cited the role of Raast, Pakistan’s instant payment system, which enables real-time, low-cost and interoperable digital payments nationwide, as well as regulatory reforms introduced by the State Bank of Pakistan to modernize retail digital banking.

Under the new framework, easypaisa Digital Bank has been operational for nearly a year, while Mashreq Digital Bank has also begun operations, with several other digital banks moving toward launch, the statement said.

The adviser also outlined Pakistan’s plans to develop a regulatory framework for blockchain, Web3.0 and virtual assets, saying authorities were engaging with global platforms to support innovation while ensuring compliance and investor protection.

The investor delegation was led by John Sfakianakis, chairman of Fintech Solutions Holding, alongside the company’s chief executive Kirill Smolin, and was facilitated by local technology firm Tech Avenue.

The investors welcomed the “clarity of reforms and policy direction,” saying Pakistan’s combination of macroeconomic stabilization, digital infrastructure and emerging technologies offered opportunities for long-term investment and strategic partnerships, the finance ministry said.