Azad Kashmir demonstrators call off protests as government cuts electricity, wheat prices after violent protests

Kashmiri demonstrators of Awami Action Committee, offer funeral prayers for a victim a day after a clash with security force in Muzaffarabad, the capital of Pakistan-administered Kashmir on May 14, 2024. (AFP)
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Updated 14 May 2024
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Azad Kashmir demonstrators call off protests as government cuts electricity, wheat prices after violent protests

  • Protests began on May 11 and lasted for days until the Pakistan government approved $83 million in subsidies
  • One police officer and three young demonstrators were killed as protests turned violent in the Himalayan region

ISLAMABAD: An alliance of civil rights groups on Tuesday called off a protest that had lasted for several days across Azad Kashmir and led to serious clashes with police and paramilitary Rangers after the government met its demand to reduce electricity and wheat prices in the region.

The Jammu Kashmir Joint Awami Action Committee (JAAC) organized the protests that started on May 11, seeking subsidized wheat flour and a reduction in electricity tariffs to bring them in line with the hydropower generation cost in Azad Kashmir.

The demonstrations led to four deaths, including one police officer who was reportedly killed by protesters in gunfire, while three demonstrators lost their lives in clashes with Rangers in Muzaffarabad.

Azad Jammu and Kashmir (AJK) Prime Minister Anwar-ul-Haq Chaudhry said at a news conference on Monday his government had notified reduced wheat and electricity prices after the Pakistani government approved Rs23 billion ($83 million) in subsidies.

“On the appeal of the Awami Action Committee, it has been decided to end the ongoing lockdown and wheel-jam strike across Azad Kashmir,” Amjad Ali Khan, a member of the JAAC core committee, told Arab News on Tuesday.

He said JAAC demanded compensation for the three young demonstrators killed in clashes with Rangers. He also informed that a day of mourning and a shutter-down strike would be held today across Kashmir to honor the three demonstrators.

Speaking about the details of JAAC’s agreement with the government, Khan said the authorities had agreed to drop all the cases and release the arrested individuals.

“The Awami Action Committee demanded the formation of a judicial commission to investigate police violence in the Mirpur Division and Muzaffarabad,” he added, saying the judicial commission’s investigation should be made public and those responsible should be punished.

Abdul Majid Khan, a spokesperson for the AJK government, said the authorities had shown utmost restraint to pacify the situation.

“All the demands of the protesters have been fulfilled, and the situation will hopefully return to normalcy now,” he told Arab News.

Pakistan’s information minister, Attaullah Tarar, said the situation in Azad Kashmir had been addressed after the federal government approved the grant to deal with people’s concerns.

“With the grant given by Prime Minister Shehbaz Sharif, the issue has been resolved to meet the people’s demands,” he told the media in Islamabad.

He mentioned Azad Kashmir’s special status, pointing out that its affairs were managed with the grants of Pakistan’s federal government.

“The government will look after the police personnel who fell victims of the protests,” he added.

The Himalayan territory of Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory but claiming it in full.

The western portion of the larger Kashmir region is administered by Pakistan as a nominally self-governing entity, while India rules the southern portion as a union territory.

While the Indian portion has faced an ongoing insurgency for decades and multiple armed attempts by the state to quell it, the Pakistani side has remained relatively calm over the decades, though it is also highly militarized.


Pakistan launches crypto testing framework to regulate digital assets

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Pakistan launches crypto testing framework to regulate digital assets

  • Regulatory ‘sandbox’ to let firms test crypto products under supervision
  • Move comes amid broader push to formalize Pakistan’s digital asset sector

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) on Friday launched a crypto testing framework to regulate digital assets, allowing firms to trial new products and services under official supervision.

The initiative, formally structured as a regulatory “sandbox,” creates a controlled environment where companies can test crypto-related services under the oversight of the regulator before full-scale approval.

According to PVARA, the sandbox will support real-world use cases including tokenization, stablecoins, remittances and on- and off-ramp infrastructure.

Tokenization refers to converting real-world assets into digital tokens on a blockchain, while stablecoins are cryptocurrencies pegged to a fiat currency to maintain a stable value. On- and off-ramp infrastructure allows users to convert between fiat money and digital assets, enabling the practical use of virtual asset products.
“The Pakistan Virtual Assets Regulatory Authority has formally approved and launched its Regulatory Sandbox for virtual assets,” PVARA said in a post on X. “Sandbox Guidelines and the application process will be published shortly on our website.”

The move comes as the government seeks to build a formal regulatory framework for digital assets while attracting investment and strengthening oversight of the sector.

Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.

In January, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial, a crypto-based finance platform launched in September 2024 and linked to US President Donald Trump’s family to explore the use of a dollar-linked stablecoin for cross-border payments.