Beijing’s envoy urges Islamabad to arrest perpetrators of attacks on Chinese nationals in Pakistan

Security officials work on the site of an explosion that caused injures and destroyed vehicles outside the Karachi airport on October 7, 2024. (AP/File)
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Updated 26 October 2024
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Beijing’s envoy urges Islamabad to arrest perpetrators of attacks on Chinese nationals in Pakistan

  • China is a major ally and investor in Pakistan that has pledged over $65 billion in various projects
  • But the Chinese investment and nationals have been a target of militant attacks in recent years

ISLAMABAD: Chinese Ambassador to Pakistan Jiang Zaidong has urged the Pakistani government to arrest perpetrators of attacks on Chinese nationals working in the South Asian country, Pakistani state media reported on Friday.
China is a major ally and investor in Pakistan that has pledged over $65 billion in investment in road, infrastructure and development projects under the China-Pakistan Economic Corridor (CPEC) project. CPEC is a part of the Belt and Road Initiative, a massive China-led infrastructure project that aims to stretch around the globe.
Though time-tested allies, recent security challenges have put a slight strain on Pakistan’s ties with China, with separatist and religiously motivated militants attacking Chinese projects in Pakistan in recent years. A suicide blast claimed by the separatist Balochistan Liberation Army (BLA) killed two Chinese nationals in Karachi this month, while five Chinese workers were killed in a suicide bombing in March in northwest Pakistan.
Beijing has called on Islamabad to ensure security for its citizens in Pakistan and the South Asian nation has in turn sought to ease Chinese fears, vowing to provide fool-proof security to Chinese nationals working in the country.
“The Chinese people who come to Pakistan are helping build its infrastructure,” Ambassador Jiang was quoted as saying by the Pakistani state-run APP news agency. “They are innocent and their families deserve protection.”




In this handout photo, taken and released by the Chinese Embassy in Pakistan on October 25, 2024, China’s Ambassador to Pakistan Jiang Zaidong speaks during a meeting with a group of Pakistani journalists at the Chinese Embassy in Islamabad. (Photo courtesy: Chinese embassy)

He reiterated President Xi Jinping’s stance that “security is the guarantee for development” and stressed the need for strict action against militant groups responsible for attacks against Chinese nationals and projects in Pakistan, according to the report.
The ambassador noted that CPEC had entered a new phase of development, with cooperation extending into emerging sectors such as electric vehicles and renewable energy. He expressed China’s desire to strengthen cooperation with Pakistan in multilateral forums.
The development comes as Pakistan, which has been reeling from a prolonged economic crisis, has sought to enhance bilateral trade and investment cooperation with friendly countries, including China, Saudi Arabia, UAE and others, to bolster its fragile economy.




In this handout photo, taken and released by the Chinese Embassy in Pakistan on October 25, 2024, China’s Ambassador to Pakistan Jiang Zaidong gestures for a group photograph with a group of Pakistani journalists at the Chinese Embassy in Islamabad. (Photo courtesy: Chinese embassy)

Earlier this month, Pakistani state media reported that a Chinese development association would invest up to $13 billion in a free trade zone in Pakistan in the next five years.
“China Asia Economic Development Association (CAEDA) will make an investment of 13 billion dollars in free trade zone of Pakistan in the next five years,” the Radio Pakistan broadcaster reported.
“The initial layout of this investment is between 8 to 13 billion dollars while it is expected to reach 30 billion dollars.”
The free trade zone is aimed at catering to Pakistan’s domestic needs and those of the global market, while a duty-free shopping mall will also be a part of the zone where international goods will be available for Pakistani citizens.


Pakistan launches crypto testing framework to regulate digital assets

Updated 20 February 2026
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Pakistan launches crypto testing framework to regulate digital assets

  • Regulatory ‘sandbox’ to let firms test crypto products under supervision
  • Move comes amid broader push to formalize Pakistan’s digital asset sector

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) on Friday launched a crypto testing framework to regulate digital assets, allowing firms to trial new products and services under official supervision.

The initiative, formally structured as a regulatory “sandbox,” creates a controlled environment where companies can test crypto-related services under the oversight of the regulator before full-scale approval.

According to PVARA, the sandbox will support real-world use cases including tokenization, stablecoins, remittances and on- and off-ramp infrastructure.

Tokenization refers to converting real-world assets into digital tokens on a blockchain, while stablecoins are cryptocurrencies pegged to a fiat currency to maintain a stable value. On- and off-ramp infrastructure allows users to convert between fiat money and digital assets, enabling the practical use of virtual asset products.
“The Pakistan Virtual Assets Regulatory Authority has formally approved and launched its Regulatory Sandbox for virtual assets,” PVARA said in a post on X. “Sandbox Guidelines and the application process will be published shortly on our website.”

 

 

The move comes as the government seeks to build a formal regulatory framework for digital assets while attracting investment and strengthening oversight of the sector.

Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.

In January, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial, a crypto-based finance platform launched in September 2024 and linked to US President Donald Trump’s family to explore the use of a dollar-linked stablecoin for cross-border payments.