Pakistan calls for removal of technology restrictions to aid developing nations at UN meeting

Ambassador Usman Jadoon, Pakistan’s Deputy Permanent Representative to the UN, speaks at a United Nations Security Council meeting on May 18, 2024. (APP)
Short Url
Updated 18 May 2024
Follow

Pakistan calls for removal of technology restrictions to aid developing nations at UN meeting

  • Access to emerging technologies in the Global South is often influenced by geopolitical concerns
  • Pakistan says equitable access to technology can help developing nations meet future challenges

ISLAMABAD: A senior Pakistani diplomat at the United Nations urged technology-producing nations on Friday to remove restrictions on the equitable spread of scientific knowledge and equipment, saying it would help advance developing countries.

Access to emerging technologies in the Global South is often influenced by geopolitical concerns, as international relations and trade policies can dictate the availability and distribution of these resources.

This geopolitical gatekeeping not only restricts technological advancement in less developed nations but also perpetuates global inequities in access to cutting-edge tools and innovations.

In case of Pakistan, US export controls limit access to high-end technologies, particularly those with dual-use capabilities that might be diverted for military purposes.

“Unless fair and equitable access to new and emerging technologies is provided to developing countries, and all undue restrictions removed, the Global South will lag even further behind in achieving the Sustainable Development Goals,” Ambassador Usman Jadoon, Pakistan’s Deputy Permanent Representative to the UN, told a Security Council meeting.

According to an official statement, he underscored the transformative power of science in improving lives and anticipating threats through climate modeling, disease surveillance, and early warning systems.

Additionally, he highlighted Pakistan’s significant strides in nuclear technology, space exploration and biotechnology, saying that his country wanted to leverage scientific advancements for progress and stability.

“New and emerging technologies play an undeniable role in the progress of any society and in maintaining international peace and security when used in accordance with the principles of the UN Charter,” he continued.

Ambassador Jadoon mentioned Pakistan’s concerns about the unregulated military applications of emerging technologies and supported calls for establishing legally-binding norms to regulate their use, ensuring regional and global stability.

He affirmed his country’s commitment to unlocking the potential of science for peace and progress, advocating for responsible scientific practices and international cooperation to build a safer and more prosperous future.

 


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

Updated 05 December 2025
Follow

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.