Pakistan’s PM condemns Israeli military assaults on Iran, Gaza

A woman walks over debris at Mustafa Hafez school, sheltering Palestinians displaced by the war, after the school was hit during an overnight Israeli strike in Gaza City, on July 3, 2025, amid the ongoing conflict between Israel and the Palestinian Hamas. (AFP)
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Updated 04 July 2025
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Pakistan’s PM condemns Israeli military assaults on Iran, Gaza

  • Says regional stability threatened by ‘forces of chaos’ pursuing geopolitical agendas
  • Sharif was speaking at 10-member ECO bloc‘s 17th summit being held in Azerbaijan

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif on Thursday condemned Israel’s recent strikes on Iran and denounced the ongoing war in Gaza as a “man-made catastrophe,” using his address at the Economic Cooperation Organization (ECO) summit to call out what he described as growing regional instability driven by foreign aggression.

Sharif was speaking in the Azerbaijani city of Khankendi, where heads of state from the 10-member ECO bloc convened for the group’s 17th summit. The ECO, founded in 1985 by Iran, Turkiye, and Pakistan, includes members from Central Asia, the Caucasus, and the Middle East. The 2025 summit is focusing on boosting intra-regional trade, connectivity, climate funding and sustainable development.

“My dear brothers and sisters, forces of instability and chaos continue to destabilize our region for their own geopolitical agendas,” Sharif said in his address.

“The unlawful, unjustified and uncalled for Israeli attack on Iran, a brotherly country and fellow ECO member state, [is] the most recent manifestation of this dangerous trend … Pakistan strongly condemns this act of Israeli aggression.”

Some 935 people were killed in Iran during the 12-day air war with Israel, based on the latest forensic data, a spokesperson for the Iranian judiciary said on Monday, according to state media. Among the dead were 38 children and 132 women.

Israel launched the air war on June 13, attacking Iranian nuclear facilities and killing top military commanders as well as civilians in the worst blow to the Islamic Republic since the 1980s war with Iraq.

Iran retaliated with barrages of missiles on Israeli military sites, infrastructure and cities. The United States entered the war on June 22 with strikes on Iranian nuclear facilities. A tenuous ceasefire is holding.

Sharif also directed global attention to the humanitarian crisis in Gaza.

“Unfortunately the world has been witnessing an unprecedented man-made catastrophe in Gaza, a region that has descended into an abyss of perpetual suffering,” he said. “It is as if humanity no longer exists while famine looms large, humanitarian workers including UN personnel are being attacked by Israel with impunity to deliberately cut off the only lifeline of the helpless and starving people of Gaza.”

He reiterated Pakistan’s support for oppressed populations across the Muslim world, including Palestinians and Kashmiris.

“Pakistan stands firmly against those who perpetrate barbaric acts against innocent people anywhere in the world, whether in Gaza or Indian illegally occupied Jammu and Kashmir or Iran,” he said.

The latest war in Gaza began when Hamas fighters stormed into Israel on October 7 2023, killed 1,200 people, most of them civilians, and took 251 hostages back to Gaza in a surprise attack that led to Israel’s single deadliest day.

Israel’s subsequent military assault has killed more than 56,000 Palestinians, most of them civilians, according to the Gaza health ministry, displaced almost the whole 2.3 million population and plunged the enclave into a humanitarian crisis. More than 80 percent of the territory is now an Israeli-militarized zone or under displacement orders, according to the UN.


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.