Karachi gets Pakistan’s first electric bus service 

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Updated 31 March 2021
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Karachi gets Pakistan’s first electric bus service 

  • It is estimated that only 4,000 public transport carriers operate in Karachi, a city of over 15 million people
  • Works on mass public transportation in Karachi have been ongoing for years 

KARACHI: Pakistan’s traffic-clogged megapolis of Karachi has launched the country’s first electric bus service, which authorities seek to expand to a fleet of 100 vehicles by the year’s end.

The bus service operated by Sapphire, a private company, was inaugurated on Tuesday by the Sindh province’s transportation minister, Syed Owais Shah.

“The electric buses will for the first time run in the country in Sindh province,” the minister said during the launching ceremony. “By the end of this year, the number of these vehicles will rise to 100.” 




Passengers are aboard one of Karachi's first electric busses on March 30, 2021. (Photo courtesy: Sindh Transport Department)

Ten buses now run on a trial basis from Sohrab Goth via MA Jinnah and Shahra-e-Pakistan to the Tower area of the city. Each bus has a 37-seat capacity and charges Rs10 per one stop. 

“The bus service has been started by a private group, named Sapphire, and the provincial government has extended its support in form of route permit,” Shariq Ahmed, the province’s transport and mass transit secretary, told Arab News on Wednesday.

It is estimated that only 4,000 public transport carriers operate in Karachi, a city of over 15 million people. Merely 400 out those vehicles are big buses, with the rest being minibuses and coaches. The city has 60 routes for big buses, out of which 47 are not operational.

Works on mass public transportation in Pakistan’s most populous city have been ongoing for years with little success so far. 

In February, the government unveiled a plan to power over 200 of the port city’s public buses with biogas under a project funded from a $235 million loan from the Asian Development Bank (ADB). It is expected to commence in 2023.

Another mass transport project, Green Line (GL), has been under construction since 2016. 
 


JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

Updated 24 min 59 sec ago
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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.