New US travel advisory for Pakistan a recognition of improved security – FO

An airport security personnel wearing mask stands guard at Islamabad International Airport on May 5, 2020. (Photo courtesy: @mophrd/Twitter)
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Updated 08 August 2021
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New US travel advisory for Pakistan a recognition of improved security – FO

  • Washington upgraded its recommendations from ‘no travel’ to ‘avoid unnecessary travel’ in mid-July
  • Cites Islamabad’s ‘concerted efforts to counter terrorism and ‘moderate’ levels of COVID-19 for its decision

ISLAMABAD: Islamabad has welcomed Washington’s revision of a travel advisory to Pakistan, which acknowledges improved security in the country and its “effective handling” of the COVID-19 outbreak, the Foreign Office said on Saturday.
“We welcome the recent revision of travel advisory by US which has upgraded Pakistan to Level-3,” FO spokesperson Zahid Hafeez Chaudhri said in a Twitter post.
“The upward revision is an acknowledgement of the improved security environment in Pakistan and effective handling of COVID-19 pandemic,” he added.

On July 19, the US State Department issued a new advisory for Pakistan, upgrading it from “no travel” to “avoid unnecessary travels.”
Previously, the advisory was at the highest Level 4 of “do not travel.”
“Pakistan’s security environment has improved since 2014 when Pakistani security forces undertook concerted counter terrorist and counter militant operations,” the order said.
It added that the Center for Disease Control and Prevention (CDC) had issued a “Level 2 Travel Health Notice for Pakistan due to COVID-19, indicating a moderate level of COVID-19 in the country.”
“Your risk of contracting COVID-19 and developing severe symptoms may be lower if you are fully vaccinated with an FDA authorized vaccine...” it said.
In June, the CDC eased travel recommendations for over 110 countries and territories as part of its assessments of COVID-19 risks.
However, the latest State Department order “restricted” travel by US government personnel within Pakistan, adding that more curbs on movements may occur at any time, depending on local circumstances and security conditions, which can “change suddenly.”
The advisory further asked US citizens not to travel to “Balochistan province, and Khyber Pakhtunkhwa (KPK) province, including the former Federally Administered Tribal Areas (FATA), due to terrorism and kidnapping,” in addition to the immediate vicinity of the Line of Control (LoC) in Kashmir due to “terrorism and the potential for armed conflict.”


Pakistan launches crypto testing framework to regulate digital assets

Updated 59 min 23 sec ago
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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.