Pakistan condemns Israeli strikes on Iran, demands UN action

A general view of Tehran after several explosions were heard, in Tehran on October 26, 2024. (REUTERS)
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Updated 26 October 2024
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Pakistan condemns Israeli strikes on Iran, demands UN action

  • Israel carried out strikes against Iran early Saturday, saying it was responding to this month’s missile attacks
  • Air defense systems in Tehran could be seen shooting down projectiles over the east of the city amid Israeli strikes

ISLAMABAD: Pakistan’s foreign office on Saturday condemned Israeli military strikes on Iran, describing them as a violation of the United Nations (UN) charter and the international law.
Israel carried out strikes against Iran early Saturday, saying it was responding to missile attacks conducted by Tehran earlier in the month.
Air defense systems in Tehran could be seen shooting down projectiles over the east of the city, prompting authorities to shut down Iranian air space.
Pakistan’s foreign office said the strikes undermined the path to regional peace and stability, and constituted a “dangerous escalation” in an already volatile region. 
“Israel bears full responsibility for the current cycle of escalation and expansion of the conflict,” it said in a statement. 
“We call on the UN Security Council to play its role for the maintenance of international peace and security, and to take immediate steps to bring an end to Israeli recklessness in the region and its criminal behavior.”




Iranians walk next to an anti-Israel billboard on a street after several explosions were heard, in Tehran on October 26, 2024. (REUTERS)

Since the deadliest attack in its history on October 7, 2023, Israel has been fighting Hamas in Gaza, and since late last month, it has been at war with Hezbollah in Lebanon.
Both Hezbollah and Hamas are allies of Iran. Pakistan, a major ally of the United States, shares a long border with Iran.
Israel’s strikes on Iran did not include attacking Iranian nuclear facilities or oil fields, and focused on military targets, NBC News and ABC News reported, citing an Israeli official.
The Iranians confirmed that military sites in the provinces of Ilam, Khuzestan and Tehran had been struck. Iran’s state TV later said that operations at Tehran’s airports including Imam Khomeini International airport were “normal.”
In its statement, the Pakistani foreign office called on the international community to play its role for restoring peace and security in the region.


JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

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JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

  • MoU focuses on awareness and development of compliant virtual-asset solutions in Pakistan
  • Pakistan introducing licensing regime for crypto firms as it formalizes digital-asset oversight

ISLAMABAD: Pakistani financial-technology platform JazzCash has signed a memorandum of understanding with global cryptocurrency exchange Binance in the United Arab Emirates to explore cooperation on virtual-asset use and education in Pakistan, the company said on Wednesday.

The agreement sets a framework for discussions on awareness campaigns and future digital-asset products that would comply with Pakistan’s emerging crypto regulations. The move signals growing engagement between global blockchain companies and Pakistani fintechs as authorities shift toward formal licensing of the sector.

Pakistan has spent the past year drafting rules to regulate the fast-expanding market for digital coins and tokens, requiring virtual-asset service providers to obtain government approval. Officials say the transition is aimed at curbing money-laundering and terror financing risks, boosting transparency and encouraging responsible innovation.

“JazzCash has always championed technologies that expand financial access while promoting secure and inclusive participation in the digital economy," JazzCash Chief Executive Officer Murtaza Ali said. 

“By entering into this exploratory MoU with Binance, we are advancing our efforts to understand how global digital-asset trends can support Pakistan’s evolving regulatory landscape. We aim to engage responsibly, support regulatory progress, and advance opportunities that build trust, transparency and innovation for our customers.”

The MoU does not establish a commercial partnership, but marks one of the most high-profile engagements between Pakistan’s fintech sector and a global crypto exchange as the country moves toward regulated digital-asset adoption.

Binance welcomed the cooperation, framing it as part of Pakistan’s shift toward regulated digital-asset activity.

"With regulatory frameworks like [Pakistan Virtual Assets Regulatory Authority] PVARA paving the way, this collaboration represents a significant step toward expanding financial inclusion and empowering more people to access the benefits of blockchain technology in a secure and compliant environment," Binance Chief Marketing Officer Rachel Conlan said.

Earlier this month, Binance executives met Pakistani finance officials to discuss digital-payments reform, blockchain-skills training and the potential for Web3-linked jobs. Pakistan also set up the Pakistan Crypto Council and formed PVARA this year to license and supervise crypto-asset service providers.