Pakistani expat in UAE unfurls green flag in Arabian Sea to mark Independence Day

The photo taken on August 11, 2023, shows Pakistani man, Khawar Iqbal, holding the Pakistani flag under the Arabian Sea. (Photo courtesy: Khawar Iqbal)
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Updated 14 August 2023
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Pakistani expat in UAE unfurls green flag in Arabian Sea to mark Independence Day

  • Khawar Iqbal raised Pakistani flag on flyboard last year, wanted to do something distinct this Independence Day
  • It took Iqbal more than a month to prepare for the feat, particularly to overcome fear of breathing underwater

ISLAMABAD: A Pakistani expatriate living in the United Arab Emirates (UAE) has commemorated the South Asian country’s 77th Independence Day by unfurling the iconic green-and-white flag underwater in the Arabian Sea.

Khawar Iqbal, 43, who hails from Karachi, has been working as a bank manager in Dubai for the past 24 years. 

In a tribute to his homeland, he dove underneath the sea’s surface and successfully waved the Pakistani flag in the waters of the Arabian Sea on August 11. Iqbal had raised the Pakistani flag on a flyboard for Independence Day last year and wanted to do something distinct this year.

“Thankfully, I managed it as we went 25 feet deep underwater, specifically under Dera Islands, and I raised both the UAE and Pakistani flags simultaneously,” Iqbal told Arab News in a telephone interview. 

“This gesture was a sign of respect to the UAE, where I grew up, and to Pakistan, my homeland.”

It took Iqbal more than a month to prepare for the feat, particularly to overcome the fear of having to breathe underwater.

“I thought about it initially with a little concern as this is an activity I had never tried before,” he said. “Our training regimen included classroom sessions, shallow water exercises, pool training, and eventually deep-sea training.”

But the effort, solely aimed at paying a tribute to Pakistan, was worth it, and gave the expat a chance to say an “underwater prayer” for Pakistan’s prosperity and present a salute to the nation’s martyrs.

“I decided to unfurl the flag of my country beneath the sea as a tribute to Pakistan,” he said, “and a salute to all the martyrs who secured our independent homeland.”


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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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.