French climber says took his time in fastest-ever summit of Pakistan’s K2

In this photograph taken on August 3, 2024 French climber Benjamin Vedrines (R) returns at Hushe village after he summited Pakistan's K2 the world's second-highest mountain in Pakistan's Gilgit-Baltistan region. (AFP)
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Updated 05 August 2024
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French climber says took his time in fastest-ever summit of Pakistan’s K2

  • Benjamin Vedrines scaled world’s second-highest mountain in 10 hours, 59 minutes and 59 seconds last month 
  • One of France’s pre-eminent climbers, in 2022 Vedrines set a speed record climbing Pakistan’s Broad Pak mountain 

SKARDU, Pakistan: French mountaineer Benjamin Vedrines counted every second as he made history’s fastest-ever ascent of K2, but says he doesn’t add up the growing number of records to his name.

“It’s not the records themselves that interest me, it’s also the links that I create with certain mountains and especially in the case of K2,” the 32-year-old told AFP.

“It fascinated me from the first moment I saw it.”

Vedrines scaled the world’s second-highest mountain — standing at 8,611 meters (28,251 feet) on the border of Pakistan and China — in 10 hours, 59 minutes and 59 seconds on Sunday, July 28th.

The ascent slashed by more than half the previous record for climbing K2 without bottled oxygen, completed in 23 hours by fellow Frenchman Benoit Chamoux in 1986.

The remarkable feat on the “Savage Mountain” came exactly two years to the day since Vedrines was forced to abort his first attempt as the high altitude starved his brain of oxygen a mere 200 meters from the top.

While his record has made headlines worldwide for its speed, for Vedrines it is remarkable for the opposite reason — because it was so long in the making.

“I wanted to arrive there really ready, prepared, body, mind,” he said. “I pay attention to doing things well, to building them. These are projects that take time.”

Vedrines is considered one of France’s pre-eminent climbers and in 2022 set a speed record climbing Pakistan’s Broad Peak — the world’s 12th highest mountain — before descending by paraglider.

Back home in the French Alps he has also broken a host of records.

He uses the “alpine style” of climbing which relies on minimal use of cumbersome ropes in favor of moving swiftly up the slopes.

But without the aid of oxygen tanks to counteract the thin atmosphere, he faced a paradox on K2 — needing to move quickly, in one of the world’s most unforgiving environments, with minimal effort.

“It requires knowing how to go slowly to go fast,” he quips. “It is a little bit of a contradiction that we have to negotiate.”

To make matters worse, poor weather on the mountain prevented his attempts to acclimatize.

“I had to face a lot of unforeseen events during this expedition,” he said.

“I knew how to persevere. I knew how to be determined, patient and above all humble because this K2 mountain requires a lot of humility.”

While Nepal’s Mount Everest is around 240 meters taller than K2, the Pakistan peak first scaled in 1954 is regarded as a more challenging ascent.

Elite climbers often talk of a special connection to the mountain despite its fatal reputation.

Historically around one in four ascent attempts have ended in death.

Recent years have seen fewer fatalities, but two Japanese climbers also attempting to scale K2 using the “alpine style” fell the day before Vedrines’ ascent, with their motionless bodies spotted by a helicopter.

A rescue was deemed impossible.

At times Vedrines was climbing solo, as well as at record speed.

“I had to forge a little path in the snow and there was this slightly mystical atmosphere that is specific to K2,” he said.

Vedrines left K2’s Advanced Base Camp at 5,350 meters just after midnight, and covered the 3,261 meters to the top before lunchtime the next day.

After making his descent, he spoke to AFP a week later, on Sunday, in the resort town of Skardu — the gateway to northern Pakistan which is home to five of the world’s 14 mountains above 8,000 meters.

“I feel very grateful that the K2 mountain finally accepted me this year,” said Vedrines.

“It was not a form of revenge but a form of reconciliation.”


Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

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Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

  • A T+1 settlement cycle means that securities transactions are finalized and settled one business day after trade date
  • Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle

KARACHI: Pakistan’s capital market has officially transitioned to the Trade plus one (T+1) settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices, the Pakistan Stock Exchange (PSX) said on Tuesday.

A T+1 settlement cycle means that securities transactions are finalized and settled one business day after the trade date, which reduces counterparty risk and improves capital efficiency in the exchange of funds and securities. 

Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle. The transition was implemented under the guidance of the Securities and Exchange Commission of Pakistan (SECP) through close collaboration among all stakeholders, according to the PSX.

It aligns Pakistan’s capital market with leading markets such as the United States, Canada, Mexico, Argentina, Jamaica and China, which have already adopted shorter settlement cycles. Europe, the UK and Switzerland are set to follow by 2027. By moving early, Pakistan has demonstrated its commitment to modernization and investor protection.

“The transition to the T+1 settlement cycle brings important advantages for Pakistan’s capital market. It enables faster access to funds and securities, improving liquidity, while reducing settlement and counterparty risk through shorter exposure periods,” the PSX said.

“Quicker trade finalization enhances efficiency and the reform strengthens investor confidence, particularly among institutional and foreign investors. Together, these benefits support a stronger and more resilient market aligned with global best practices.”

Pakistan’s stock market has touched historic highs in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs. Pakistani state media reported in Jan. around 135,000 new investors had joined the PSX over the last 18 months.

SECP Chairman Dr. Kabir Ahmed Sidhu commended the PSX, the Central Depository Company and the National Clearing Company of Pakistan for the successful implementation of the T+1 settlement system.

“The reform brings Pakistan’s capital market at par with modern jurisdictions by accelerating trade settlement, reducing counterparty and market risks, and enhancing liquidity,” he was quoted as saying by the PSX.

“The adoption of T+1 will strengthen investor confidence and align Pakistan’s capital market with evolving international standards and global best practices.”