ISLAMABAD: Adviser to the Prime Minister on Political and Public Affairs Rana Sanaullah on Wednesday rejected opposition parties’ claims the government had pressured a local hotel in Islamabad against holding a two-day conference of an opposition alliance, urging its leaders to name the official who may have reached out to the hotel management.
The conference followed opposition parties forming a grand alliance under the banner of Tehreek-i-Tahaffuz-i-Ayeen-i-Pakistan (TTAP) — or the Movement for the Protection of the Constitution of Pakistan — after jailed former premier Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party’s failed negotiations with the government. The talks were meant to secure the release of political prisoners along with the formation of judicial commissions to probe two major anti-government protests by PTI that turned violent.
Earlier, during a press conference outside a local hotel in the capital, opposition leaders from the PTI, including Omar Ayub Khan, Asad Qaiser, and Salman Akram Raja, along with former PM Shahid Khaqan Abbasi and Pashtunkhwa Milli Awami Party chief Mahmood Khan Achakzai, alleged that the government was pressuring the hotel administration to cancel their booking.
“Which hotel person said the government told them not to allow the conference to take place?” Sanaullah asked during a talk show on Geo TV.
“Tell me who was it who did not allow [the hotel to host the conference]. Which person from the government? Which minister? Which officer said no?“
Sanaullah urged the opposition leaders to tell the truth instead of hurling allegations at the government.
“If anyone called and told the hotel to not to allow the conference to take place, tell us, we will contact that person,” he said, highlighting that the opposition leaders knew the government had not issued any such directive.
Meanwhile, on the same TV show, Abbasi said the government was afraid of the conference since it had not been properly elected in the last general elections.
He vowed that the opposition alliance would continue with the second day of the conference today, Thursday, from 10am onwards.
Pakistan government denies ‘pressuring’ Islamabad hotel from holding opposition moot
https://arab.news/j34zs
Pakistan government denies ‘pressuring’ Islamabad hotel from holding opposition moot
- Pakistan PM’s political adviser urges opposition leaders to name the official behind alleged incident
- Opposition leaders vow to hold the second day of their conference despite any political pressure
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.
