Pakistan to observe ‘Day of Mourning’ on Monday following major Greece shipwreck

Migrants, survivors of a deadly shipwreck after a boat capsized at open sea off Greece, wait to board a bus as they are being transferred to Athens from the port of Kalamata, Greece, June 16, 2023. (REUTERS)
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Updated 18 June 2023
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Pakistan to observe ‘Day of Mourning’ on Monday following major Greece shipwreck

  • Nearly 80 migrants were killed in a shipwreck off the coast of Greece on Wednesday
  • Only 12 Pakistani nationals have been rescued while others so far remain missing

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday announced Pakistan would observe a “Day of Mourning” on Monday, June 19, as several Pakistanis remain missing after last week’s shipwreck in Greece that left nearly 80 migrants dead and scores missing.

Authorities continued to search for victims and survivors of a trawler that sank off the coast of Greece on Wednesday with as many as 750 migrants on board, according to Greek authorities. Only 104 survivors have been so far found from the ship that contained men, women, and children from Syria, Egypt, the Palestinian territories, and Pakistan.

Pakistan authorities arrested 10 alleged human traffickers days after the tragic incident. Sharif also ordered an immediate crackdown on agents engaged in people smuggling, saying they would be “severely punished.”

“The Prime Minister, while expressing his grief on the tragic incident of a boat carrying migrants capsized off the coast of Greece resulting in deaths of Pakistan’s citizens, is pleased to direct that Monday, the 19th of Lune, 2023 shall be observed as Day of Mourning,” the Prime Minister’s Office (PMO) said.

“The national flag shall fly on half-mast.”

Prime Minister Sharif has also tasked authorities to form a four-member inquiry committee to probe the incident and provide recommendations to ensure similar incidents do not happen in the future.

The committee has been asked to present its report within a week.

Every year, thousands of young Pakistanis embark on perilous journeys attempting to enter Europe illegally in search of a better life.

On Saturday, Pakistan’s ministry of foreign affairs said 12 nationals had survived, but they had no information on how many were aboard the boat.

An immigration official told AFP on condition of anonymity that the figure could surpass 200.

A combination of political turmoil and an economy on the brink of collapse drives tens of thousands of Pakistanis to leave the country — legally and illegally.

Young men, primarily from eastern Punjab and northwestern Khyber Pakhtunkhwa province, often use a route through Iran, Libya, Turkiye and Greece to unlawfully enter Europe.


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

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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.