ISLAMABAD: Pakistani Deputy Prime Minister Ishaq Dar on Tuesday called for an “immediate and unconditional ceasefire” in Gaza where Israeli forces have killed more than 37,000 Palestinians since October and reduced the enclave to a wasteland.
Dar is in Jordan for the ‘Call for Action: Urgent Humanitarian Response for Gaza’ conference jointly organized by Jordanian King Abdullah II, Egyptian President Abdel Fattah El-Sisi and UN Secretary-General Antonio Guterres.
On the sidelines of the conference, Dar met Guterres and commended his leadership and proactive role in raising concerns over the war in Gaza on the international stage.
“Reiterating Pakistan’s strong and unequivocal condemnation of the indiscriminate and brutal use of force by Israel against the Palestinians, the Deputy Prime Minister called for an immediate and unconditional ceasefire, unimpeded humanitarian assistance to the besieged people of Gaza, return of the displaced Palestinians, and ensuring accountability for the war crimes and crimes against humanity being committed by Israel,” the foreign office said in a statement.
The United Nations Security Council on Monday backed a proposal outlined by US President Joe Biden for a ceasefire between Israel and Hamas in the Gaza Strip and urged the Palestinian group to accept the deal aimed at ending the eight-month-long war.
Hamas welcomed the adoption of the US-drafted resolution and said in a statement that it was ready to cooperate with mediators over implementing the principles of the plan “that are consistent with the demands of our people and resistance.”
Russia abstained from the UN vote, while the remaining 14 Security Council members voted in favor of the resolution supporting a three-phase ceasefire plan laid out by Biden on May 31 that he described as an Israeli initiative.
The resolution welcomes the new ceasefire proposal, states that Israel has accepted it, calls on Hamas to agree to it and “urges both parties to fully implement its terms without delay and without condition.”
Pakistani deputy PM calls for ceasefire in meeting with UN chief on sidelines of Gaza conference
https://arab.news/z7cvs
Pakistani deputy PM calls for ceasefire in meeting with UN chief on sidelines of Gaza conference
- Dar is in Amman for ‘Call for Action: Urgent Humanitarian Response for Gaza’ conference
- Around 37,000 Palestinians have been killed by Israeli forces in eight-month-long war
Veon Group invests $20 million in Pakistan’s Mobilink Bank to accelerate digital Islamic banking
- The investment builds on $15 million capital deployed by Veon in January 2025
- The capital will be used to scale the bank’s micro, small and medium enterprises
KARACHI: Global digital operator Veon Group has announced an investment of $20 million in Pakistan’s Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan, it said on Friday.
Mobilink Bank is a part of Veon Group, a global digital operator that provides services to over 150 million connectivity customers and over 140 million monthly active digital users. The Nasdaq-listed company operates across five countries that are home to more than 6 percent of the world’s population.
The investment builds on $15 million capital deployed by Veon in January 2025 and underscores its confidence in Mobilink Bank’s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan’s digital banking and microfinance sector, according to Veon Group.
The capital will be used to scale Mobilink Bank’s micro, small and medium enterprises (MSME) financing portfolio, advance its Islamic banking offerings, and strengthen its evolution into a technology-driven, digitally native bank, with a continued focus on expanding regulated financial access for underserved communities.
“This investment will accelerate the expansion of our shariah-compliant Islamic banking offerings, helping small businesses formalize cash flows, access regulated credit, and build long-term financial resilience,” said Haaris Mahmood Chaudhary, president and chief executive officer of Mobilink Bank.
“As a future-ready digital bank, our focus remains on delivering practical, technology-enabled financial solutions that empower entrepreneurs — particularly women and underserved communities — across Pakistan.”
Mobilink Bank’s expanding deposit base and MSME-oriented lending portfolio are enabling small businesses to transition from informal cash usage to regulated banking, while targeted women-centric financial products and green financing initiatives support inclusive growth and resilience in the face of Pakistan’s climate and economic challenges, according to a statement issued by Veon Group.
Mobilink Bank, together with JazzCash, which serves over 57 million customers and is supported by a nationwide network of more than one million merchants and agents, anchors one of Pakistan’s largest digital financial ecosystems. During the year, JazzCash processed gross transaction value exceeding Rs15 trillion ($53 billion), underscoring the scale, resilience, and impact of fintech in advancing financial inclusion, social mobility, and responsible digital innovation across Pakistan.
The investment reflects Veon Group’s broader digital strategy of strengthening high-impact financial ecosystems through technology-led solutions and disciplined capital deployment, positioning Mobilink Bank as a key contributor to Pakistan’s evolving financial sector, according to the global digital operator.
“This continued stream of investment from VEON underscores our long-term commitment to Pakistan and confidence in the structural shift underway in the country’s digital financial services ecosystem,” Veon Group Executive Committee Member and Chairman Mobilink Bank, Aamir Ibrahim, was quoted as saying.
“It strengthens Mobilink Bank and JazzCash’s ability to execute on our strategic priorities, invest in resilient technology infrastructure, and contribute to the development of inclusive and sustainable digital banking.”
