Pakistan seeking early warning system from Switzerland to prevent disasters — PM Sharif

Women make their way through a waterlogged street after heavy rainfall in Lahore on July 5, 2023. (AFP)
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Updated 08 July 2023
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Pakistan seeking early warning system from Switzerland to prevent disasters — PM Sharif

  • Sharif said this at a meeting with Swiss Foreign Minister Ignazio Cassis in Bhurban
  • The development comes as death toll from two weeks of monsoon rains rises to 55

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said on Saturday his country was looking forward to getting an early warning system from Switzerland that could help Islamabad mitigate losses from natural disasters, Pakistani state media reported, as fresh monsoon rains in the country claimed more than 50 lives.
The statement by the Pakistan prime minister came at a meeting with Swiss Foreign Minister Ignazio Cassis in Bhurban hill station, wherein the two sides signed a memorandum of understanding (MoU) for the promotion of cooperation in the field of disaster management.
The development came a day after Pakistani authorities said the death toll from two weeks of monsoon rains had risen to at least 55, following the death of 12 people, including eight children, in weather-related incidents amid fears of flash floods.
The rains have returned to Pakistan a year after the climate-induced downpour swelled rivers and inundated at one point one-third of Pakistan, killing 1,739 people. The floods also caused $30 billion in damage in cash-strapped Pakistan in 2022.
“Pakistan looks forward to cooperation from Switzerland in getting advance warning system and other facets which secure Pakistan as much as possible from the natural disasters,” Sharif was quoted as saying by the state-run Radio Pakistan broadcaster.




In this photo visiting Swiss Foreign Minister Ignazio Cassis (left) and head of Pakistan's disaster management authority, Lieutenant General Inam Haider Malik (right) signs Memorandum of Understanding, at the Nathia Gali resort, located some 85 kilometers from Islamabad on June 8, 2023. (Photo courtesy: Twitter/sherryrehman)

The prime minister pointed out that Pakistan had almost no contribution to the climate change. Pakistan is among the top 10 countries most affected by climate change, experts say, while the country’s contribution to global greenhouse gas emissions is less than 1 percent.
In his remarks, Foreign Minister Cassis said disaster risk management goes beyond borders and nationalities.
“It is a global responsibility that requires unity and collective action,” he said. “Pakistan and Switzerland will work hand in hand to raise awareness and protect the lives and livelihoods of our peoples.”
Cassis said the MoU signed by the two sides was a vital step in strengthening collaborative efforts against climate change.
“Pakistan is a country with rich cultural heritage and beautiful landscape but unfortunately it has been grappling with the devastating effects of natural disasters,” he said.
“It is a stark reminder of the urgent need for international cooperation to mitigate and manage the risks associated with catastrophes.”
The Swiss foreign minister said his country was ready to support Pakistan in this regard. 


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.