KARACHI: Pakistan Navy Ship (PNS) Aslat has conducted counter-piracy patrols in the Arabian Sea, its Directorate General of Public Relations (DGPR) said on Saturday.
The patrols were conducted off the east coast of Somalia in support of the Combined Task Force-151 (CTF-151), one of the five task forces operated by 46-nation Combined Maritime Forces (CMF), which is currently being led by Pakistan Navy.
Pakistan Navy-led CTF-151 is taking proactive measures to enhance its presence in the region, remaining vigilant of the piracy threat in the Gulf of Aden, the vicinity of Socotra Gap, and off the east coast of Somalia, according to the DGPR.
“These efforts aim to deter piracy, armed robbery, and other illicit activities to ensure the safety of vital Sea Lines of Communication (SLOCs),” it said in a statement.
Pakistan Navy took over the command of the CTF-151, a multinational body set up in 2009 as a response to piracy attacks in the Gulf of Aden and off the eastern coast of Somalia, in January for a record 11th time.
The CTF-151’s mission is to disrupt piracy at sea and engage with regional and other partners to build capacity and improve relevant capabilities in order to protect global maritime commerce and secure freedom of navigation. It operates in conjunction with the EU’s Operation Atalanta and NATO’s Operation Ocean Shield.
“The deployment of PNS Aslat reflects Pakistan Navy’s firm resolve to combat piracy and armed robbery, while also protecting global maritime commons and ensuring the free flow of maritime trade in the region,” the DGPR added.
The CTF-151 command is rotated between participating nations on a three-to-six-monthly basis. Prior to Pakistan Navy’s takeover, the CTF-151 command was held by the Turkish Navy.
Other nations that have led the CTF-151 include Bahrain, Brazil, Denmark, Japan, Jordan, Kuwait, Pakistan, the Philippines, New Zealand, Republic of Korea, Singapore, Thailand, Türkiye, the UK, and the US. A variety of countries assign vessels, aircraft, and personnel to the task force.
Pakistan Navy ship conducts counter-piracy patrols in Arabian Sea
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Pakistan Navy ship conducts counter-piracy patrols in Arabian Sea
- The patrols were conducted off the east coast of Somalia in support of Combined Task Force-151
- The CTF-151’s mission is to disrupt piracy at sea in order to protect the global maritime commerce
Pakistan sees retail payments surge to $592 billion in first quarter of FY26— report
- Retail payment volumes rose to 2.8 billion transactions during the quarter, marking 10% increase
- Expansion primarily driven by continued rise in mobile app-based banking, says Pakistan’s central bank
KARACHI: Pakistan saw retail payments surge to Rs166 trillion [$592 billion] during the first quarter of the current fiscal year, a report by the central bank said on Tuesday, registering an increase of six percent compared to the last quarter.
In its quarterly report on payment systems, the State Bank of Pakistan (SBP) said retail payment volumes rose to 2.8 billion transactions to mark a 10% quarterly growth. It said the value of the payments surged to $592 billion during the same period.
“This expansion was primarily driven by the continued rise in mobile app-based banking,” the SBP report said.
The report further said digital payment channels accounted for 2.5 billion transactions, representing 90% of total retail payments compared to 87% in the same quarter last year.
The central bank said mobile app-based payments dominated the digital landscape, with 2 billion transactions carried out through apps offered by banks, branchless banking (BB) providers and EMIs [electronic money institutions].
“These transactions constituted 81% of all digital payments and amounted to PKR 33.7 trillion [$120.3 billion] in value,” the SBP report said.
Internet banking also saw a “steady expansion,” with the report stating that an increasing number of users conducted transactions through digital channels. Payment cards in circulation increased to 61.3 million, the SBP said, of which 90% are debit cards and four percent are credit cards.
The report also said that a network of 20,527 ATMs facilitated 267 million transactions across the country during the quarter that amounted to Rs4.5 trillion [$16.1 billion].
“These developments collectively reflect continued progress toward a more inclusive, efficient, and digitally enabled payments ecosystem in Pakistan,” the SBP said.
