ISLAMABAD: The Pakistani Ministry of Religious Affairs has initiated post-Hajj operations in the holy city of Madinah, Radio Pakistan reported on Wednesday, prioritizing that every Pakistani pilgrim got the opportunity to visit revered sites within the Prophet’s Mosque.
At least 160,000 Pakistanis attended this year’s annual Hajj pilgrimage, which ran from June 14-19.
“Seventeen thousand Pakistani pilgrims visited Riaz ul Jannah in the post-Hajj period,” Radio Pakistan reported on the post-Hajj operations.
“To facilitate these visits, special permits have been arranged by the ministry in coordination with the Saudi government. This has enabled thousands of Pakistani male and female pilgrims to visit Riaz Al-Jannah daily.”
The term means ‘garden of paradise’ in Arabic and refers to a small area between the pulpit (minbar) and the grave of Prophet Muhammad (PBUH).
Director Hajj for Madinah, Zia Ur Rehman, said ensuring that every Pakistani pilgrim could visit Riaz Al-Jannah was the ministry’s “top priority” during the post-Hajj period.
“The successful organization of these visits reflects the ministry’s commitment to serving the spiritual needs of Pakistani pilgrims,” Rehman said.
Pakistan ministry of religious affairs launches post-Hajj operations in Madinah
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Pakistan ministry of religious affairs launches post-Hajj operations in Madinah
- Says priority that every Pakistani pilgrim gets opportunity to visit revered sites within Prophet’s Mosque
- At least 160,000 Pakistanis attended this year’s annual Hajj pilgrimage, which ran from June 14-19
Pakistan says it is moving toward phased crypto regulation after Binance, HTX approvals
- The country is among the world’s largest crypto adoption markets, with nearly 40 million users
- Bilal bin Saqib says the government is not promoting crypto but moving to regulate the sector
ISLAMABAD: Pakistan’s top virtual asset regulatory official said on Sunday the country was laying the foundation for a phased and tightly supervised crypto framework after granting conditional approvals to two global exchanges, signaling a shift from years of regulatory ambiguity toward formal oversight of digital assets.
The Pakistan Virtual Assets Regulatory Authority (PVARA) said this week it had issued no objection certificates (NOCs) to global crypto exchanges Binance and Huobi (HTX). Pakistan has also signed a memorandum of understanding with them to explore what the finance ministry described as the “tokenization” of up to $2 billion in sovereign bonds, treasury bills and commodity reserves, an initiative aimed at boosting liquidity and attracting investors.
“The no objection certificate given to Binance and Huobi is the first practical step of this new thinking,” PVARA chief Bilal bin Saqib said at a briefing. “Let me make it clear that this NOC is not a shortcut. This is not a blanket approval.”
He said the approvals marked the start of a risk-mitigated, phased and supervised entry framework, adding that platforms would be subject to strict anti-money laundering and counter-terrorism financing requirements, ownership transparency checks and enforcement-linked licensing timelines.
“This is not a new experiment,” he said, pointing to phased regulatory approaches adopted in financial centers such as Dubai, the United Kingdom and Singapore, where firms are first brought under supervision before being allowed to expand operations.
Pakistan is among the world’s largest crypto adoption markets, with estimates putting the number of users between 30 and 40 million, despite the absence of a comprehensive regulatory framework. Saqib said ignoring the sector was no longer viable, warning that unregulated adoption posed greater risks to the economy and consumers.
“We don’t want to promote crypto,” he said. “We want to regulate crypto. Adoption is already there.”
He said the framework was designed to prepare Pakistan for longer-term developments in digital finance, including tokenized assets, compliance technology, blockchain analytics and digital payment infrastructure, while ensuring that local talent is channeled into regulated and productive use.
“For the international community, the message is clear,” Saqib said. “Pakistan is not running away from innovation. Pakistan is welcoming innovation. Pakistan is regulating innovation.”
