Pakistan pledges support for occupied peoples as it joins Security Council as non-permanent member

Ambassador Asim Iftikhar (3L), Alternate Permanent Representative of Pakistan to the UN, joined the permanent representatives of Denmark, Greece, Somalia, and Panama for a group photo on the occasion of the flag installation ceremony at the Security Council stakeout in New York on January 2, 2024. (Photo courtesy: X/@PakistanUN_NY)
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Updated 03 January 2025
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Pakistan pledges support for occupied peoples as it joins Security Council as non-permanent member

  • Senior Pakistani diplomat at the UN highlights the significance of multilateralism in tacking global challenges
  • Pakistan plans to actively pursue just solutions to issues on the council’s agenda, help with conflict prevention

ISLAMABAD: Pakistan reaffirmed its commitment to being a strong voice for people under foreign occupation as it raised its flag at the United Nations on Thursday, marking the beginning of its two-year term as a non-permanent member of the UN Security Council.
This is the eighth time Pakistan has secured a seat as a non-permanent UNSC member since joining the world body in 1947. The 15-member council comprises five permanent members — the United States, Russia, China, the United Kingdom and France — along with 10 non-permanent members elected for two-year terms.
Non-permanent members play a crucial role in shaping global discussions on peace and security and in influencing the drafting of resolutions.
“Pakistan will continue to be guided by the purposes and principles of the UN Charter, including maintenance of international peace and security and development of friendly relations among nations based on the principle of equal rights and self-determination,” Ambassador Asim Iftikhar, Pakistan’s Alternate Permanent Representative to the UN, said during the flag-raising ceremony.




Ambassador Asim Iftikhar, Alternate Permanent Representative of Pakistan to the UN, installs Pakistani flag at the Security Council stakeout in New York on January 2, 2024. (Photo courtesy: X/@PakistanUN_NY)

“Pakistan will always remain a strong voice for peoples under foreign occupation and oppression for the realization of their right to self-determination,” he added.
Iftikhar said the flag ceremony symbolized democratic renewal through the periodic rotation of the UNSC membership, reinforcing the global aspiration for a Security Council that “is more effective, open and transparent, and accountable to the UN membership.”
He also highlighted the importance of multilateralism in tackling global challenges.
“We are convinced that cooperative multilateralism – with the UN at its core – is the best way of tackling the multifaceted challenges of today,” he said.




Ambassador Asim Iftikhar, Alternate Permanent Representative of Pakistan to the UN, speaks during the flag installation ceremony at the Security Council stakeout in New York on January 2, 2024. (Photo courtesy: X/@PakistanUN_NY)

The Pakistani diplomat called for addressing the root causes of conflicts, prioritizing dialogue and diplomacy and supporting confidence-building measures at regional and global levels to foster peace and stability.
He also pledged that his country will actively pursue just solutions to issues on the council’s agenda and to contribute to conflict prevention and peacekeeping efforts.
“Never forgetting our solemn duty toward the millions of men, women, and children suffering in conflicts, Pakistan is assuming this responsibility, fully resolved to our collective endeavor for a more peaceful and secure world,” he said.


Veon Group invests $20 million in Pakistan’s Mobilink Bank to accelerate digital Islamic banking

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Veon Group invests $20 million in Pakistan’s Mobilink Bank to accelerate digital Islamic banking

  • The investment builds on $15 million capital deployed by Veon in January 2025
  • The capital will be used to scale the bank’s micro, small and medium enterprises

KARACHI: Global digital operator Veon Group has announced an investment of $20 million in Pakistan’s Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan, it said on Friday.

Mobilink Bank is a part of Veon Group, a global digital operator that provides services to over 150 million connectivity customers and over 140 million monthly active digital users. The Nasdaq-listed company operates across five countries that are home to more than 6 percent of the world’s population.

The investment builds on $15 million capital deployed by Veon in January 2025 and underscores its confidence in Mobilink Bank’s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan’s digital banking and microfinance sector, according to Veon Group.

The capital will be used to scale Mobilink Bank’s micro, small and medium enterprises (MSME) financing portfolio, advance its Islamic banking offerings, and strengthen its evolution into a technology-driven, digitally native bank, with a continued focus on expanding regulated financial access for underserved communities.

“This investment will accelerate the expansion of our shariah-compliant Islamic banking offerings, helping small businesses formalize cash flows, access regulated credit, and build long-term financial resilience,” said Haaris Mahmood Chaudhary, president and chief executive officer of Mobilink Bank.

“As a future-ready digital bank, our focus remains on delivering practical, technology-enabled financial solutions that empower entrepreneurs — particularly women and underserved communities — across Pakistan.”

Mobilink Bank’s expanding deposit base and MSME-oriented lending portfolio are enabling small businesses to transition from informal cash usage to regulated banking, while targeted women-centric financial products and green financing initiatives support inclusive growth and resilience in the face of Pakistan’s climate and economic challenges, according to a statement issued by Veon Group.

Mobilink Bank, together with JazzCash, which serves over 57 million customers and is supported by a nationwide network of more than one million merchants and agents, anchors one of Pakistan’s largest digital financial ecosystems. During the year, JazzCash processed gross transaction value exceeding Rs15 trillion ($53 billion), underscoring the scale, resilience, and impact of fintech in advancing financial inclusion, social mobility, and responsible digital innovation across Pakistan.

The investment reflects Veon Group’s broader digital strategy of strengthening high-impact financial ecosystems through technology-led solutions and disciplined capital deployment, positioning Mobilink Bank as a key contributor to Pakistan’s evolving financial sector, according to the global digital operator.

“This continued stream of investment from VEON underscores our long-term commitment to Pakistan and confidence in the structural shift underway in the country’s digital financial services ecosystem,” Veon Group Executive Committee Member and Chairman Mobilink Bank, Aamir Ibrahim, was quoted as saying.

“It strengthens Mobilink Bank and JazzCash’s ability to execute on our strategic priorities, invest in resilient technology infrastructure, and contribute to the development of inclusive and sustainable digital banking.”