On 27th anniversary of acquiring nukes, Pakistan reaffirms pledge of defensive use only

Pakistani army soldiers stand on a vehicle carrying a long-range ballistic missile Shaheen during the Pakistan Day parade in Islamabad on March 23, 2022. (AFP/ file)
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Updated 28 May 2025
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On 27th anniversary of acquiring nukes, Pakistan reaffirms pledge of defensive use only

  • Pakistan began program to obtain nuclear weapons after 1971 war led to division of the country and creation of Bangladesh
  • Pakistan conducted nuclear tests in May 1998, officially becoming a nuclear-weapon state shortly after India conducted its own tests

ISLAMABAD: Pakistan is celebrating Youm-e-Takbeer today, Wednesday, to commemorate the 27th anniversary of the day it acquired nuclear weapons, reaffirming its pledge to use the capability for defensive purposes only.

Pakistan began a program to obtain nuclear weapons after the 1971 war which led to the division of the country and the creation of Bangladesh, then East Pakistan. The army sees its nuclear weapons as essential to offset the conventional superiority of its much bigger neighbor, India. India sees its own nuclear weapons as a deterrent against Pakistan and China, which defeated it in a border war in 1962.

Pakistan tested nuclear weapons in May 1998, shortly after India announced it had done so.

“Youm-e-Takbeer commemorates the momentous occasion in 1998 when Pakistan emerged as a nuclear power— restoring the strategic balance in South Asia and asserting its sovereign right to self-defense,” the army said in a statement. 

“This historic achievement epitomizes the nation’s resolve, unity, and unwavering pursuit of a dignified and peaceful existence.

“The Armed Forces of Pakistan reiterate their unflinching resolve to defend the motherland against all threats across the full spectrum of conflict. As responsible custodians of the nation’s strategic assets, we reaffirm that our nuclear capability remains solely for defensive purposes and stands as a guarantor of peace.”

The military added that the day underscored Pakistan’s “steadfast commitment” to preserving its sovereignty and territorial integrity and affirmed its doctrine of credible minimum deterrence, rooted in the principle of maintaining peace and strategic stability in the region.

Both India and Pakistan faced international sanctions as a result of testing nukes in 1998, although India has since won effective recognition as a nuclear power following an accord negotiated with the United States. Neither Pakistan, nor India, have signed the nuclear Non-Proliferation Treaty (NPT).

The Bulletin of the Atomic Scientists estimates Pakistan’s arsenal at about 170 warheads. These can be delivered by aircraft, or by missiles, which both countries have been developing and testing. 

The nuclear program is controlled by the army and run by the Strategic Plans Division.

Pakistan and India’s nuclear capabilities make any conflict between them especially dangerous and raise global alarm, as happened earlier this month when they launched missiles and drones deep into each other’s territories and exchanged gunfire on their de facto border, the Line of Control, until a ceasefire was announced on May 10. Nearly 70 people combined were killed on both sides of the border. 

It was the worst conflict in decades between the neighbors.

Pakistan has fought three full-scale wars with India, including two over the disputed Kashmir region.


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.”