Pakistan seeks greater collaboration with US in blockchain, artificial intelligence

In this handout photo, released by Pakistan’s Finance Ministry on May 15, 2025, Pakistan Crypto Council CEO Bilal bin Saqib gestures with the Acting US Ambassador Natalie Baker during a meeting at the US Embassy in Islamabad. (Photo courtesy: Handout/Finance Ministry)
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Updated 15 May 2025
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Pakistan seeks greater collaboration with US in blockchain, artificial intelligence

  • Pakistan Crypto Council CEO Bilal bin Saqib meets Acting US Ambassador Natalie Baker in Islamabad, says finance ministry
  • Pakistan says it plans to initiate joint programs, talent exchanges and MoUs between American companies and its startups

ISLAMABAD: Pakistan’s Crypto Council (PCC) CEO Bilal bin Saqib met Acting US Ambassador Natalie Baker on Thursday to seek deeper collaboration with Washington in blockchain and artificial intelligence (AI), the finance ministry said.

Pakistan has increasingly sought to formalize its crypto economy amid rising interest in blockchain technologies worldwide. The country is already among the world’s fastest-growing crypto markets, ranking near the top in global adoption rates, with an estimated $300 billion in annual crypto transactions and around 25 million active users.

As part of these efforts, the PCC last month partnered with World Liberty Financial (WLF), a decentralized finance platform backed by US President Donald Trump, to advance blockchain innovation, stablecoin adoption and decentralized finance (DeFi) integration across Pakistan.

“Pakistan Crypto Council CEO meets US ambassador to advance youth collaboration in blockchain & AI,” the finance ministry’s statement said.

It added that Saqib met Baker to discuss creating bridges between US institutions and Pakistan’s entrepreneurial ecosystem. The PCC emphasized Pakistan’s commitment to becoming a globally competitive innovation hub, with blockchain and AI at the core of its future economy, the council said.

“Pakistan is home to one of the world’s youngest populations — eager, ambitious, and ready to lead the future of Web3 and AI,” Saqib said. “This is the time to invest in them, to connect them with global leaders, and to create real pipelines of opportunity between the US and Pakistan.”

The ministry said that Pakistan plans to initiate joint programs, talent exchange and strategic memoranda of understanding between American tech companies and Pakistani startups to build long-term partnerships that benefit both nations.

“The Pakistan Crypto Council remains committed to using blockchain as a tool of diplomacy, education, and empowerment — ensuring that Pakistan’s youth are not left behind but stand at the forefront of the global digital revolution,” the statement concluded.

Pakistan’s proactive stance to formalize its crypto economy follows its broader push to position itself as a hub for digital finance innovation, with 64 percent of its population under the age of 30.

Rising mobile broadband access, a booming freelance economy and increasing government interest in blockchain have accelerated the country’s Web3 adoption.


Pakistan Railways targets $3.6 billion revenue amid track expansion, service upgrades

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Pakistan Railways targets $3.6 billion revenue amid track expansion, service upgrades

  • Government plans new railway lines and modern trains with security cameras, Wi-Fi and dining cars
  • Revival of a robust railway system is seen as key as Pakistan pushes to become a regional trade hub

ISLAMABAD: Pakistan Railways has set a target of generating Rs 1 trillion ($3.6 billion) in revenue by June as the government expands railway tracks and upgrades passenger services with amenities such as Wi-Fi and modern dining cars, Federal Minister for Railways Hanif Abbasi said on Tuesday.

Pakistan Railways was once the backbone of long-distance travel and freight movement across the country, connecting major cities and ports soon after independence. However, decades of underinvestment, aging infrastructure and competition from road transport led to a steady decline in services and reliability.

As Pakistan seeks to position itself as a regional trade and transit hub, the government has renewed focus on rebuilding a robust rail network for both passengers and cargo.

“Pakistan Railways has set a target of achieving Rs 1 trillion in revenue by June 2026,” Abbasi said, according to an official statement. “Pakistan Railways will be transformed into a modern, safe and profitable organization,” he added.

The minister said work has already begun on digitization, outsourcing, construction of new railway tracks and improvement of passenger facilities.

He said the Asian Development Bank has approved a $2 billion loan for the construction of a 480-kilometer new railway track between Karachi and Rohri, a project expected to cut travel time by at least five hours.

Groundbreaking for the project is planned for July 2026, with completion expected within two and a half to three years.

Under the Reko Diq project, Abbasi said work is underway on a 900-kilometer railway track from Rohri to Nokundi, including construction of 500 kilometers of new track and upgrading of 400 kilometers of existing track.

The 87-kilometer Nokundi–Taftan line has also been included to strengthen rail connectivity with Iran.

The minister said a 54-kilometer People’s Train route is being launched in Balochistan at a cost of Rs 4 billion ($14.4 million), while eight regional routes will be developed in Punjab.

Provinces have also been offered the option to operate branch lines, with Punjab, Sindh and Balochistan allocating funds and consultations underway with Khyber Pakhtunkhwa.

Abbasi said Pakistan is also advancing rail connectivity with Kazakhstan, Uzbekistan and Iran and that the Islamabad–Tehran–Istanbul railway service will be launched after security clearance.

Passenger services are being upgraded alongside infrastructure expansion, he continued.

“Cleanliness and improvement work at Rawalpindi Railway Station has been completed, while three prime trains have already been upgraded, and more trains will be upgraded by June 30,” the minister said. “By December 31, all major trains will be upgraded, featuring security cameras, Wi-Fi, hostesses and modern dining cars.”

He added that Wi-Fi routers have been installed at railway stations, ticket booking has been enabled through the Rabta mobile application and a 1,700-kilometer fiber-optic network is being laid.

Karachi and Lahore railway stations are being upgraded for security, while progress is underway on a Rs 8.9 billion ($32 million) digital systems agreement with the Frontier Works Organization and a $85 million project with DP World at Pipri Yard.

Abbasi said 155 railway stations have been shifted to solar energy and Pakistan Railways recently recorded its highest-ever daily revenue of Rs 300 million ($1.1 million).

The minister also said a new Lahore–Rawalpindi track, backed by provincial funding, will cut travel time between the two cities to about two and a half hours once completed.