On Human Rights Day, Pakistan says Israel’s ‘purposeful’ targeting of Palestinians violates all standards 

A picture taken from southern Israel near the border with the Gaza Strip on December 9, 2023, shows smoke rising above buildings during an Israeli strike in Gaza, amid continuing battles between Israel and the militant group Hamas. (AFP/File)
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Updated 10 December 2023
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On Human Rights Day, Pakistan says Israel’s ‘purposeful’ targeting of Palestinians violates all standards 

  • The statement came a day after Israel’s military pushed ahead with its offensive in Gaza as US veto derailed efforts to end war 
  • Pakistan PM Anwaar-ul-Haq Kakar urges the international community to redouble its efforts for an immediate cease-fire in Gaza 

ISLAMABAD: Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar said on Sunday that Israel’s “purposeful” targeting of Palestinians in Gaza violated all standards of human rights and was a breach of the international law, as the Israeli military continues to push ahead with its air and ground offensive in Gaza. 

The statement by the Pakistan PM came on the occasion of the International Human Rights Day, which marked the 75th anniversary of the adoption of the Universal Declaration on Human Rights. The historic declaration enshrines the inalienable rights to which all individuals are entitled, regardless of their race, color, religion, national or social origin, property, birth or other status. 

It came a day after Israel’s military pushed ahead with its offensive in Gaza, bolstered by a US veto derailing United Nations Security Council efforts to end the war and word that an emergency sale of $106 million worth of tank ammunition had been approved by Washington. 

A pressing human rights situation has emerged in Palestine, where Israel is egregiously violating human rights in Gaza, resulting in thousands of causalities of innocent men, women and children, according to the statement issued from PM Kakar’s office. 

“Israel’s purposeful, indiscriminate, and disproportionate targeting of people violates all standards of human rights and constitutes a clear breach of international law,” the statement read. 

“We urge the international community to redouble efforts for an immediate cease-fire in Gaza and urge Israel to end its brutal occupation of Palestine and grant the Palestinian people their inalienable right to decide their own future.” 

Pakistan does not recognize the state of Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital. 

PM Kakar noted that his country had consistently demonstrated its commitment to human rights, which was evident through various initiatives and policies aimed at protecting the dignity and rights of its citizens. 

“I reiterate Pakistan’s unflinching resolve to further advance respect for and protection of the rights and freedoms of all our citizens as enshrined in our Constitution as well as in the Universal Declaration of Human Rights,” he was quoted as saying. 

“Let us work together to build a world where the inherent dignity and equal rights of all members of the human family are recognized and upheld.” 


Pakistan plans to tokenize $2 billion of domestic debt to tap retail investors — adviser 

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Pakistan plans to tokenize $2 billion of domestic debt to tap retail investors — adviser 

  • Finance ministry exploring digital issuance of sovereign debt instruments, adviser says
  • Proposal flagged at ITCN Asia, one of Pakistan’s largest annual technology exhibitions

KARACHI: Pakistan’s finance ministry is planning to tokenize up to $2 billion of domestic government debt in an initial phase, a senior official said on Sunday, as Islamabad explores digital financial instruments to broaden investor participation and modernize public debt markets.

Tokenization involves converting traditional financial assets such as government bonds into digital tokens recorded on a blockchain, allowing them to be bought, sold and held electronically. Proponents say the approach can lower transaction costs, improve transparency and allow smaller retail investors to participate in markets typically dominated by banks and institutional players.

The proposal was disclosed at ITCN Asia, one of Pakistan’s largest annual technology exhibitions, which brings together policymakers, technology firms, investors and startups from around the world. The event is increasingly being used by the government to outline early-stage thinking on digital finance, artificial intelligence and emerging technologies, though many initiatives remain exploratory.

“Ministry of Finance, Government of Pakistan, has also planned to tokenize some portion of its domestic debt worth $2 billion in first phase, primarily tapping retail investors,” the finance ministry said in a statement, quoting adviser to the finance minister Khurram Schehzad as speaking at the ITCN Asia forum.

The adviser did not provide a timeline, regulatory structure or implementation details for the proposed debt tokenization, and it remains unclear how the initiative would be integrated into Pakistan’s existing public debt management framework or overseen by financial regulators.

Pakistan has in recent months stepped up discussions around digital assets and financial innovation, including the creation of regulatory frameworks to better understand cryptocurrencies, blockchain applications and tokenized financial products. Officials say the country remains at an early stage, studying international models such as those adopted in the United Arab Emirates.