Four Pakistani soldiers killed in North Waziristan raids, LoC firing

Pakistani soldiers keep vigil from a post on top of a mountain in the former Taliban militants strong hold border area in Shawal valley North Waziristan on May 20, 2016. (AFP/File)
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Updated 14 January 2021
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Four Pakistani soldiers killed in North Waziristan raids, LoC firing

  • Isolated militant attacks on troops have raised fears the Taliban are trying to regroup in Pakistan’s northwestern regions again
  • The country lost another soldier in the disputed Kashmir region after Indian troops opened cross-border fire

PESHAWAR/ MUZAFFARABAD: Four Pakistani soldiers lost their lives in separate incidents while performing their duties in different parts of the country, the military’s media wing, ISPR, said on Thursday. 

Security forces raided two militant hideouts in a former insurgent stronghold in Pakistan's northwest, triggering shootouts that left three soldiers and two insurgents dead. 

The separate raids took place in the North Waziristan district of Khyber Pakhtunkhwa province and one of the slain militants was a bomb-making expert, the military said in a statement. It provided no further details and the identity and nationality of the slain militants were not known. 

North Waziristan served as a headquarters of the Pakistani Taliban until the military secured it in 2015 with a series of operations. However, isolated militant attacks on troops have continued, raising fears the Taliban are regrouping in the northwestern regions bordering Afghanistan. 

Pakistan also lost another soldier in the disputed Himalayan region of Kashmir after Indian troops opened fire across the Line of Control (LoC) on Thursday, the military said. 

An official statement issued by the army condemned what was described as India's unprovoked violation of the 2003 cease-fire agreement along the LoC, which separates Kashmir between the two sides. The Pakistani troops returned fire, it added. 

There was no immediate comment from New Delhi but the two sides routinely accuse each other of unprovoked attacks in Kashmir, which is a split between them and claimed by both in its entirety. 

Pakistan and India have fought two of their three wars over Kashmir since gaining independence from British rule in 1947. 


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.