Pakistan Navy to host global maritime expo next week to promote blue economy

Military officials walk past a Pakistan’s unmanned combat aerial vehicle Shahpar-II during International Defence Exhibition and Seminar (IDEAS) 2022 at the Expo Centre in Karachi on November 16, 2022. (AFP/File)
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Updated 02 November 2025
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Pakistan Navy to host global maritime expo next week to promote blue economy

  • Event will feature 178 exhibitors and delegations from 44 countries, including Saudi Arabia, China
  • An international conference will also be held to discuss blue economy for sustainable development

KARACHI: Pakistan Navy announced on Saturday it will host the Pakistan International Maritime Expo and Conference (PIMEC) 2025 next week, bringing together representatives from more than 40 countries to promote investment and cooperation in the country’s maritime sector.

The announcement was made during a media briefing at the Karachi Expo Center, where Commander Karachi Vice Admiral Muhammad Faisal Abbasi said the expo aimed to advance Pakistan’s blue economy roadmap.

“The event will witness representation from almost every region of the world,” he said, according to an official statement.

The second edition of the exhibition will run from Nov. 3 to 6, featuring 178 exhibitors — including 28 international firms and 150 local organizations — as well as 133 delegations from Europe, Asia, the Middle East, North and South America.

Officials and representatives from 44 countries, including the United Kingdom, Italy, Saudi Arabia, Iran, Türkiye, Egypt, China and Australia, will also attend.

Abbasi added that the Sindh and Balochistan governments would also set up pavilions to highlight investment opportunities in coastal and maritime industries.

The expo will include business-to-business and business-to-government meetings, signing of memorandums of understanding and other high-level interactions to build partnerships in ports, shipping, fisheries and coastal development.

Running alongside the exhibition, the International Maritime Conference — organized by the National Institute of Maritime Affairs — will take place from Nov. 4 to 5 under the theme “Harnessing Blue Economy Potential for Sustainable Development.”

The statement added its four sessions will feature 14 papers presented by national and international scholars and industry experts.


JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

Updated 24 min 59 sec ago
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JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

  • MoU focuses on awareness and development of compliant virtual-asset solutions in Pakistan
  • Pakistan introducing licensing regime for crypto firms as it formalizes digital-asset oversight

ISLAMABAD: Pakistani financial-technology platform JazzCash has signed a memorandum of understanding with global cryptocurrency exchange Binance in the United Arab Emirates to explore cooperation on virtual-asset use and education in Pakistan, the company said on Wednesday.

The agreement sets a framework for discussions on awareness campaigns and future digital-asset products that would comply with Pakistan’s emerging crypto regulations. The move signals growing engagement between global blockchain companies and Pakistani fintechs as authorities shift toward formal licensing of the sector.

Pakistan has spent the past year drafting rules to regulate the fast-expanding market for digital coins and tokens, requiring virtual-asset service providers to obtain government approval. Officials say the transition is aimed at curbing money-laundering and terror financing risks, boosting transparency and encouraging responsible innovation.

“JazzCash has always championed technologies that expand financial access while promoting secure and inclusive participation in the digital economy," JazzCash Chief Executive Officer Murtaza Ali said. 

“By entering into this exploratory MoU with Binance, we are advancing our efforts to understand how global digital-asset trends can support Pakistan’s evolving regulatory landscape. We aim to engage responsibly, support regulatory progress, and advance opportunities that build trust, transparency and innovation for our customers.”

The MoU does not establish a commercial partnership, but marks one of the most high-profile engagements between Pakistan’s fintech sector and a global crypto exchange as the country moves toward regulated digital-asset adoption.

Binance welcomed the cooperation, framing it as part of Pakistan’s shift toward regulated digital-asset activity.

"With regulatory frameworks like [Pakistan Virtual Assets Regulatory Authority] PVARA paving the way, this collaboration represents a significant step toward expanding financial inclusion and empowering more people to access the benefits of blockchain technology in a secure and compliant environment," Binance Chief Marketing Officer Rachel Conlan said.

Earlier this month, Binance executives met Pakistani finance officials to discuss digital-payments reform, blockchain-skills training and the potential for Web3-linked jobs. Pakistan also set up the Pakistan Crypto Council and formed PVARA this year to license and supervise crypto-asset service providers.