Pakistan PM demands Sweden take action against those involved in burning Holy Qur’an

Activists of the United Muslim Forum Pakistan group chant slogans during a demonstration against desecration of Holy Qur'an in Sweden, in Karachi, Pakistan, Sunday, July 2, 2023. (AP)
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Updated 03 July 2023
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Pakistan PM demands Sweden take action against those involved in burning Holy Qur’an

  • Salwan Momika, an Iraqi refugee, desecrated the Qur’an and set fire to its pages in front of Stockholm’s largest mosque Wednesday
  • The act, coming during the major Muslim holiday of Eid Al-Adha, has drawn widespread condemnation from across the Muslim world

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Monday demanded the Swedish government take "immediate action" against the ones involved in last week’s burning of a copy of the Holy Qur’an, which has drawn widespread outrage and condemnation from the Muslim world. 

Salwan Momika, 37, a refugee from Iraq, desecrated the Qur’an and set fire to its pages in front of the Stockholm’s largest mosque on Wednesday. The act came during the major Muslim festival of Eid Al-Adha. 

Countries throughout the Middle East and beyond denounced the burning, some recalled their ambassadors, and foreign ministries summoned the Swedish ambassadors to their countries to hear official protests. 

“A very wicked incident took place in Sweden and the Holy Qur’an has once again been desecrated,” PM Sharif said in televised comments at a federal cabinet meeting in Islamabad. 

“The whole Muslim world, the Pakistani nation and the government condemn it with full force. It is our demand that immediate action be taken against the perpetrators.” 

The Swedish police had authorized the protest, citing freedom of speech, after a previous decision to ban a similar protest was overturned by a Swedish court. 

“Unfortunately, this is not the first incident and such heart-wrenching incidents have occurred before as well,” Sharif said, demanding the Swedish government take notice of the growing Islamophobia in the country. 

Sharif’s comments came a day after the Organization of Islamic Cooperation (OIC) said measures needed to be taken to avoid repeated acts of desecration to the Qur’an. 

The announcement was made during an emergency session over the repercussions of burning of the Qur’an on the first day of Eid Al-Adha. 

“I am very satisfied that the OIC summoned an emergency meeting in this regard and condemned this wicked act,” Sharif said, adding his government backed the OIC’s demand for action against perpetrators and steps to prevent such incidents in future. 

“We will fully follow up on this demand through our ministry of foreign affairs,” he added.  


Pakistan clears global crypto exchanges Binance, HTX under new regulatory framework

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Pakistan clears global crypto exchanges Binance, HTX under new regulatory framework

  • NOCs allow Binance, HTX to conduct engagement activities within Pakistan, says regulator PVARA
  • Says move allows entities to open subsidiaries in Pakistan but doesn’t constitute as operating license

ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) announced on Friday that it has granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX, the latest in a series of moves by Islamabad to regulate its fast-growing virtual assets market. 

PVARA said the NOCs were granted following a review process it conducted with public sector stakeholders which focused on governance structures, compliance frameworks, risk management controls and alignment with Pakistan’s emerging regulatory requirements for virtual asset activities.

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.

“The introduction of this structured NOC framework demonstrates Pakistan’s commitment to responsible innovation and financial discipline,” Finance Minister Muhammad Aurangzeb was quoted as saying in a press release issued by PVARA. 

The regulatory authority said the NOCs allow Binance and HTX to conduct preparatory and engagement activities within Pakistan under “defined regulatory oversight,” clarifying that it does not constitute a “full operating license.”

The NOCs allow Binance and HTX to begin registration on the FMU goAML, Pakistan’s anti–money laundering reporting platform, as reporting entries. It also allows them to engage with the Securities and Exchange Commission of Pakistan (SECP) regulator to incorporate their subsidiaries in the country. 

HTX and Binance can also prepare and submit their full VASP license applications once licensing regulations are promulgated and provide anti-money laundering (AML) registered services after the completion of their goAML registration.

“PVARA will continue to engage with domestic and international stakeholders as it advances subsequent phases of its regulatory framework,” the authority said. 

“Additional guidance regarding licensing standards, compliance obligations and supervisory expectations for virtual asset service providers will be issued in due course.”

Chairman PVARA Bilal Bin Saqib said issuing the NOCs marks the first step toward a fully licensed and regulated environment for digital assets in Pakistan. 

“By adopting a phased and internationally aligned approach, Pakistan is ensuring that only well-governed, fully compliant global platforms progress toward full licensing,” Saqib was quoted as saying by PVARA.

According to PVARA, Pakistan already ranks at number three in crypto adoption and is home to an estimated 30 to 40 million users.

It said industry-wide assessments estimate that annual digital asset trading activity linked to Pakistan exceeds $300 billion. 

The development takes place days after Prime Minister Shehbaz Sharif met a delegation of Binance in Islamabad, led by its CEO Richard Teng, to discuss regulating digital assets in Pakistan.