Pakistan, Bangladesh eye enhanced cooperation in energy, connectivity as ties improve

Pakistan’s Petroleum Minister Ali Pervaiz Malik meets Bangladesh Adviser for Foreign Affairs, Mohammad Touhid (right), in Dhaka on October 29, 2025. (PID) 
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Updated 29 October 2025
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Pakistan, Bangladesh eye enhanced cooperation in energy, connectivity as ties improve

  • Petroleum Minister Ali Pervaiz Malik meets Bangladesh’s foreign adviser, senior officials in Dhaka
  • Islamabad, Dhaka are cautiously mending historic bitter ties after ex-PM Hasina’s ouster in 2024

ISLAMABAD: Petroleum Minister Ali Pervaiz Malik met senior Bangladeshi officials in Dhaka on Wednesday to seek increased cooperation in energy, natural resources and connectivity sectors, Pakistan’s petroleum ministry said. 

Pakistan and Bangladesh have attempted to increase economic, trade and investment cooperation in recent months. The two nations organized the ninth session of the Pakistan-Bangladesh Joint Economic Commission (JEC) in Dhaka this Monday after a hiatus of 20 years. 

Pakistan and Bangladesh were part of the same country until a bloody civil war in 1971 caused the latter to secede and become the independent nation of Bangladesh. After the ouster of former Bangladeshi prime minister Sheikh Hasina last year, who had close ties to India, Islamabad and Dhaka have sought to improve their historically bitter ties. 

Malik met senior Bangladeshi officials, including Mohammad Touhid, the country’s adviser for foreign affairs in Dhaka on Wednesday. 

“Both sides expressed satisfaction over the resumption of institutional mechanism meetings between Pakistan and Bangladesh and agreed to further enhance cooperation in various sectors, including connectivity, energy, and natural resources,” the petroleum ministry said. 

Touhid stressed the importance of restoring direct flights between Pakistan and Bangladesh during the meeting, the ministry said. 

Malik also met Sheikh Bashiruddin, Bangladesh’s adviser for commerce, textiles, civil Aviation and tourism, and Mohammad Fauzul Kabir Khan, adviser for energy and mineral Resources. 

The two sides held discussions to strengthen bilateral trade cooperation and collaboration in the energy sector, the petroleum ministry said. 

“Ali Pervez Malik welcomed the convening of the Joint Economic Commission meeting after twenty years, describing it as the beginning of a new chapter in Pakistan-Bangladesh relations,” the statement said.


Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport

Updated 23 February 2026
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Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport

  • Pakistan is a cash-dominated market where a significant portion of transactions in the informal sector are made without any taxes, officials say
  • The move comes amid Pakistan’s efforts to introduce a cashless model at airports under which only digital service providers can provide services

KARACHI: Aik, Pakistan’s first Islamic digital bank, has enabled fully digital payments at Islamabad International Airport to offer travelers and passengers secure, Shariah compliant digital transaction facility.

The development comes amid Pakistan’s efforts to introduce a cashless model at airports across the country, under which only digital service providers can provide services to customers.

Aik, a subsidiary of Bank Islami, said it has onboarded merchants across the Islamabad airport and integrated QR code deployments at key touchpoints to allow passengers and visitors to make secure, seamless, and Shariah-compliant digital transactions at all counters, retail outlets, and service points.

It said the implementation complies with the regulations and framework set by the State Bank of Pakistan (SBP) and is a working model for a large-scale adoption of cashless systems in public infrastructure.

“This deployment reflects our commitment to building practical digital infrastructure that improves everyday transactions,” Aik Chief Officer Ashfaque Ahmed said in a statement.

“By enabling a fully cashless environment at a major national gateway, we are supporting efficiency, transparency, and financial inclusion at scale. This is not only a project; it is a foundation for Pakistan’s cashless future.”

Pakistan is a cash-dominated market where a significant portion of transactions, particularly in the informal sector, are conducted in cash. Officials say many of these transactions are aimed at avoiding taxes.

In recent years, the SBP has taken steps to ensure a transition toward a more cashless economy so that transactions are more traceable, reducing chances of tax evasion and corruption.

By digitizing Islamabad airport, aik said it continues to invest in secure and accessible financial solutions that “expand digital participation and support national economic modernization.”