Chinese embassy in Islamabad closes consular section ‘due to technical reasons’

The picture posted by Chinese Embassy in Pakistan on September 27, 2022, shows Chinese Embassy in Islamabad. (Chinese Embassy in Pakistan/Facebook)
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Updated 15 February 2023
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Chinese embassy in Islamabad closes consular section ‘due to technical reasons’

  • Last week Chinese government advised its nationals to be cautious in Pakistan due to deteriorating security situation
  • Militants have frequently attacked Chinese nationals, threatening a relationship on which Islamabad’s financial survival depends

ISLAMABAD: China has temporarily closed down the consular section of its embassy in Pakistan due to “technical issues,” the embassy said on its website.

The notice did not provide specific information about the nature of the “technical issues,” or a timeline for the closure. 

“Due to technical issues, the Consular Section of the Chinese Embassy in Islamabad will be temporarily closed from February 13, 2023 until further notice,” a notice on the website said.

The notice follows another one last week in which the Chinese government advised its citizens to be cautious while in Pakistan, saying they might be at risk due to a deteriorating security situation. 

Pakistan has seen a rise in terror attacks since late last year when the Pakistani Taliban group called off a fragile truce with the government.

Militant groups in Pakistan have frequently attacked Chinese nationals, aiming to threatened a major segment of Beijing’s Belt and Road infrastructure initiative, a $65 billion network of roads, railways, pipelines and ports in Pakistan that will connect China to the Arabian Sea and help Islamabad expand and modernize its economy.

Last April, a female suicide bomber killed three Chinese teachers in Karachi along with their local driver, targeting nationals from Pakistan’s most important partner and seeking to undermine a relationship on which Islamabad’s financial survival largely depends.


Pakistan says eyeing billions in investments through crypto projects in coming years

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Pakistan says eyeing billions in investments through crypto projects in coming years

  • Pakistan Virtual Assets Regulatory Authority Chairman attends Abu Dhabi Bitcoin Conference 2025
  • Says Pakistan considers Bitcoin, digital assets “a fundamental pillar of the future financial system“

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib said this week that Islamabad is eyeing billions in investment through digital assets initiatives and cryptocurrency projects in the coming years, state media reported. 

Analysts have said Pakistan’s attempts to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation could bring an estimated $25 billion in virtual assets into the tax net.

Pakistan has attempted to bring virtual asset service providers (VASPs) under a formal licensing regime in recent months. PVARA this month also granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX.

Speaking during an interview at the Abu Dhabi Bitcoin Conference 2025, Saqib said Pakistan is reforming the unregulated crypto market to transform it into a “transparent and investor-friendly system in line with global standards,” state broadcaster Radio Pakistan reported on Saturday. 

“He said that interim licenses, mining, tokenization and fintech pilot projects have been launched for major exchanges in Pakistan and billions of dollars are expected to be invested in these projects in the next few years,” Radio Pakistan said in its report. 

The PVARA chairman said Pakistan has become the “center of attention” globally due to the significant progress it has achieved in crypto regulation.

Saqib said Islamabad considers Bitcoin and digital assets not only an investment but “a fundamental pillar of the future financial system.”

“He said that Pakistan’s goal is to make youth not consumers but digital creators and architects of the new economy,” Radio Pakistan said. 

Pakistan’s move to formalize digital asset regulation comes amid broader economic reforms under an International Monetary Fund program, with authorities under pressure to strengthen financial controls, improve transparency and manage risks linked to emerging technologies. 

While officials have framed the crypto framework as regulation-first rather than promotion-led, analysts say its implementation, particularly enforcement and coordination with the central bank, will be closely watched by international lenders and investors.