Militant attacks in Pakistan’s Balochistan delay launch of China-backed airport

Workers stand on damaged railway tracks as they repair them, a day after separatist militants conducted deadly attacks, in Bolan district of Pakistan's restive province of Balochistan, Pakistan on August 27, 2024. (REUTERS)
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Updated 30 August 2024
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Militant attacks in Pakistan’s Balochistan delay launch of China-backed airport

  • More than 70 people were killed in the coordinated attacks across Pakistan’s southwestern Balochistan province this week
  • Militants seeking the region’s secession have targeted forces, projects under $65-billion China Pakistan Economic Corridor

ISLAMABAD: The start of operations at a Chinese-funded airport in Pakistan’s Balochistan province has been pushed back for a security review after last week’s deadly attacks by separatist militants in the area, government and aviation sources said.

More than 70 people were killed in the coordinated attacks across Balochistan, where militants seeking the resource-rich region’s secession have been targeting government forces and projects being developed as part of the $65-billion China Pakistan Economic Corridor (CPEC).

Part of President Xi Jinping’s Belt and Road Initiative, the program in Pakistan is also developing a deep-water port close to the new $200-million airport in Gwadar, a joint venture between Pakistan, Oman and China that is close to completion.

It will handle domestic and international flights, according to Pakistan’s Civil Aviation Authority (CAA), and will be one of the country’s biggest airports.

The initial plan was for Prime Minister Shehbaz Sharif to inaugurate the airport on Aug. 14 alongside Chinese officials, but that was called off after an ethnic Baloch rights group started a sit-in protest, the officials said.

Following last week’s attacks, the deadliest in years, two officials at the CAA and two others in the Balochistan provincial government told Reuters the start of flights would be delayed as authorities review security in the region.

“The Chinese already had concerns about the security situation, and the recent attacks will definitely cause more delay,” one senior provincial government official said, requesting anonymity because of the sensitivity of the matter.

Asked about the delay and security concerns, China’s Foreign Ministry said: “China is willing to work with the Pakistani side to continue to do a good job in the relevant security work and ensure the safe and smooth progress of the corridor construction.”

A provincial government spokesperson declined to comment and Pakistan’s information minister did not respond to a request for a comment.

Although no Chinese projects were targeted in the latest militant attacks, they have been frequently attacked in the past by the insurgents, who view China as a foreign invader trying to gain control of the region’s resources.

It is not clear whether Beijing has offered Pakistan direct assistance on the security management of Chinese projects.

Special Chinese security teams worked closely with Pakistani security agencies to trace the insurgents behind a suicide bombing which targeted Chinese teachers in the southern city of Karachi in 2022.

The Baloch Liberation Army (BLA), one of several separatist militant groups involved in the low-level insurgency for decades, claimed responsibility for last week’s attacks.

Pakistan’s army said on Friday it had started intelligence-based operations against the militants to respond to the assaults.


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

Updated 05 December 2025
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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.