KARACHI: Pakistan’s airspace is “safe” for all kinds of flight operations, the Pakistan Civil Aviation Authority (PCAA) said on Sunday after a European air safety agency this week warned of a “continued possible threat” to aircraft flying at low altitudes in Karachi and Lahore cities.
On July 28, the European Union Aviation Safety Agency (EASA) issued an advisory stating that the presence of “violent non-state actor groups with confirmed anti-aviation weaponry” in Pakistan means there is a high risk to flight operations at altitudes below Flight Level (FL) 260 in Lahore and Karachi.
The advisory also mentioned the internationally disputed Himalayan region of Kashmir remains a site of territorial dispute, adding that “sporadic military operations” in the region pose a potential risk to civil aviation and could lead to cases of misidentification in case a military conflict escalated.
PCAA spokesperson Saif Ullah brushed aside the advisory, saying that the EASA has issued such warnings in the past frequently.
“If we look at Pakistan, all aircraft are flying here,” Saif Ullah told Arab News. “There are no such [imminent] threats at the moment due to which we would ground aircraft because if there were any threats, we would have first grounded them.”
“In our country, our airspace is safe for all types of flight operations,” Saif Ullah concluded.
According to EASA, its advisory will remain active till 31 January, 2024.
Separately, Pakistan’s national airline has been grappling with a flight ban imposed by the EASA and the European Commission. The ban came into effect after the May 2020 air crash in Karachi, which was attributed to licensing problems within the national airline by one of the country’s former aviation ministers.
The EASA spokesperson has said the agency is conducting “constructive discussions” with the PCAA regarding the flight ban.
Pakistan says airspace ‘safe’ for flight operations despite European agency’s warning
https://arab.news/r3nab
Pakistan says airspace ‘safe’ for flight operations despite European agency’s warning
- European Union Aviation Safety Agency (EASA) warned aircraft this week against flying over Karachi, Lahore at low altitudes
- EASA advisory said ‘sporadic military operations’ in disputed Kashmir region poses potential risk to flight operations
Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects
- Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
- Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight
ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.
The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.
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.
“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement.
“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”
Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.
Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.
Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said.
Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.
Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.
Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.
In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.
