Pakistan deputy PM to attend OIC meeting on Palestine today

Pakistani Deputy Prime Minister Ishaq Dar (right) attends the Organization of Islamic Cooperation (OIC) meeting in Jeddah, Saudi Arabia, on August 7, 2024. (AFP/File)
Short Url
Updated 24 August 2025
Follow

Pakistan deputy PM to attend OIC meeting on Palestine today

  • The development comes days after Israel approved a plan to seize full control of Gaza City
  • Islamabad says the OIC meeting will focus on coordinated response to developments in Gaza

ISLAMABAD: Pakistan’s deputy prime minister and foreign minister, Ishaq Dar, will travel to Saudi Arabia to attend an extraordinary meeting of the Organization of Islamic Cooperation (OIC) in Jeddah on Aug. 25-26, the Pakistani foreign ministry said on Sunday.

The statement comes as Israeli leaders vow to press on with a planned offensive in Gaza, with Israeli planes and tanks pounding the eastern and northern outskirts of Gaza City overnight Saturday to Sunday.

Israel approved a plan this month to seize control of Gaza City, describing it as Hamas’ last bastion. It is not expected to begin for a few weeks, leaving room for mediators Egypt and Qatar to try and resume ceasefire talks between the sides.

Dar, who is currently in Dhaka on a most high-profile visit by any Pakistani official to Bangladesh in recent years, will travel directly to Jeddah to attend the extraordinary session of the OIC Council of Foreign Ministers.

“The high-level meeting will bring together foreign ministers and senior officials from OIC member states to deliberate upon coordinated responses to the escalating developments in Palestine, resulting from ongoing

Israeli military aggression, its proposed plans for full military control over Gaza and the continued egregious violations of Palestinians’ rights,” the Pakistani foreign office said.

Headquartered in Jeddah, the OIC is the second-largest inter-governmental organization after the United Nations, with a membership of 57 states across four continents. It serves as a collective voice of the Muslim world to ensure and safeguard their interests in economic, social, and political spheres. 

Pakistan, which does not have diplomatic ties with Israel, has consistently condemned Israel’s war on Gaza that has killed at least 62,000 Palestinians since Oct. 2023, left much of the territory in ruins and internally displaced nearly its entire population.

Dar will reaffirm Pakistan’s unwavering support for Palestine and reiterate its principled stance at the OIC meeting, according to the Pakistani foreign office.

“The DPM/FM will advocate for total withdrawal of Israel from all the Occupied Palestinian Territories; reject the outrageous Israeli plan for extending full military control over Gaza and further displacement of Palestinians; emphasize the urgent need of unhindered humanitarian assistance; and call for the restoration of the legitimate rights of the Palestinian people — most notably, the establishment of an independent, contiguous, and sovereign Palestinian state based on pre-June 1967 borders,” it said.

“​On the sidelines of the OIC-CFM, the Deputy Prime Minister and Foreign Minister is expected to hold bilateral meetings with his counterparts from key OIC member states.”


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
Follow

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.