Pakistan PM expresses sorrow over US midair collision, wishes for safety of survivors

Debris is seen at the site of the crash, after American Eagle flight 5342 collided with a Black Hawk helicopter while approaching Reagan Washington National Airport and crashed into the Potomac River, U.S. on January 30, 2025. (REUTERS)
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Updated 30 January 2025
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Pakistan PM expresses sorrow over US midair collision, wishes for safety of survivors

  • Pakistan PM expresses sorrow over US midair collision, wishes for safety of survivors
  • Washington police have yet to confirm any casualties, massive search operation underway to find any survivors

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Thursday expressed sorrow over a mid-air collision between a passenger jet and a United States (US) military helicopter in Washington DC, wishing for the safety of survivors.

A US passenger jet carrying 64 people crashed into Washington’s Potomac River after colliding midair with a military helicopter during a night training exercise, according to international news agencies.

American Airlines, whose subsidiary PSA Airlines operated the jet, confirmed that 60 passengers and four crew members were aboard the aircraft. The US Army said the Black Hawk helicopter was carrying three soldiers.

In a post on X, Sharif said he was “deeply saddened” by the tragic news of the accident that took place mid-air.

“Our thoughts and prayers are with President Donald Trump and the American people at this difficult time,” he said.” Our hearts go out to the families of those who have lost their loved ones and pray for the safety of the survivors.”

Washington police have yet to confirm any casualties and a massive search operation was underway, with divers using powerful lights to search for survivors and scour the wreckage of both aircraft.

Trump criticized the US air traffic control for the collision.

“Why didn’t the helicopter go up or down, or turn? Why didn’t the control tower tell the helicopter what to do instead of asking if they saw the plane,” he said on his Truth Social platform.

“This is a bad situation that looks like it should have been prevented. NOT GOOD!!!”

There has not been a fatal US passenger airplane accident since February 2009, but a series of near-miss incidents in recent years have raised serious safety concerns.

In 2009, Continental Flight 3407, traveling from New Jersey to Buffalo, New York, crashed, resulting in the deaths of 49 people on board. In January 1982, Air Florida Flight 90, a Boeing 737, crashed shortly after taking off from Washington Airport, killing 78 people.


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.