Pakistan’s president offers to expand defense collaboration in meeting with Qatari emir

President of Pakistan, Asif Ali Zardari (left) in conversation with Qatar's Emir, Shaikh Tamim bin Hamad Al-Thani, in Doha, Qatar on November 5, 2025. (Government of Pakistan)
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Updated 05 November 2025
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Pakistan’s president offers to expand defense collaboration in meeting with Qatari emir

  • Zardari is in Doha to attend ongoing Second World Summit for Social Development
  • Qatari emir describes Pakistan-Saudi Arabia defense pact as “timely, welcome step”

ISLAMABAD: President Asif Ali Zardari met Qatari Emir Sheikh Tamim bin Hamad Al-Thani in Doha on Wednesday, offering to expand Islamabad’s defense collaboration and defense production with the Gulf country, a statement from Zardari’s office said. 

Zardari’s meeting with the Qatari emir took place on the sidelines of the ongoing Second World Summit for Social Development in Doha. The three-day summit from Nov. 4-6, organized under the auspices of the United Nations General Assembly, brings together world leaders and policymakers to discuss strategies for advancing social development, promoting decent work, and strengthening inclusive safety nets. 

Islamabad has eyed greater defense ties and collaboration with regional allies, especially after Pakistan entered into a landmark strategic defense pact with Saudi Arabia in September. Both sides signed the agreement that entails that aggression against any one of them would be considered an attack on both.

“The President offered to expand collaboration in defense and defense production, to which the emir responded positively, saying he would instruct the relevant authorities to initiate discussions with Pakistan immediately,” the president’s secretariat said. 

Sheikh Tamim expressed satisfaction at the Pakistan-Saudi Arabia defense pact, describing it as a “welcome and timely step that should have happened earlier,” Zardari’s office said. 

Both leaders also discussed ways to increase cooperation in cultural, political and economic spheres, the statement said. 

Zardari lauded Qatar’s growing global role as a “center of dialogue and humanitarian diplomacy,” paying tribute to the emir for his role in advocating for the Gaza ceasefire. 

“Reaffirming Pakistan’s unwavering solidarity, he recalled Pakistan’s strong condemnation of Israel’s aggression against Qatar and its continued diplomatic support for Qatar’s sovereignty at international fora,” the statement said. 

Zardari invited Sheikh Tamim to visit Pakistan, reaffirming Islamabad’s commitment to further strengthening its partnership with Qatar for regional peace and prosperity. 

“The emir accepted the invitation and informed the president that he would visit Pakistan early next year,” the statement said. 

Like other Gulf nations, Pakistan shares cordial ties with Qatar that are rooted in economic cooperation, defense, shared values, faith and culture. 

Qatar hosts a large Pakistani workforce, many of whom send remittances that Islamabad considers a lifeline for its cash-strapped economy. 
 


Pakistan’s Senate passes bill to regulate virtual assets, protect investors

Updated 11 min 7 sec ago
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Pakistan’s Senate passes bill to regulate virtual assets, protect investors

  • PVARA chairman terms the approval of bill a ‘defining moment’ for Pakistan’s digital economy
  • Senator says Pakistan will soon be trading major crypto coins such as Bitcoin, Ethereum, XRP

ISLAMABAD: The Senate, the upper house of Pakistan parliament, has passed the Virtual Assets Bill 2026 that paves the way for regulation and supervision of the digital assets sector to protect investors, the Pakistan Virtual Assets Regulatory Authority (PVARA) said on Friday. 

Pakistan has in recent months stepped up efforts to draft rules for regulating the fast-expanding market for digital coins and tokens, requiring virtual asset service providers to secure government approval. Islamabad’s move to embrace digital currency marks a significant policy shift as it had banned cryptocurrency in 2018, citing financial risks.

PVARA will oversee the registration and licensing of virtual asset exchanges, custodians and other service providers, according to the bill. It will set conduct of business requirements, enforce customer protection safeguards and implement measures to combat money-laundering and financial crime.

“The passage of this bill through the Senate represents a defining moment for Pakistan’s digital economy,” PVARA quoted its Chairman Bilal bin Saqib as saying. “We are transforming years of unregulated activity into a transparent, secure, and investor-friendly ecosystem that positions Pakistan as a credible jurisdiction for virtual assets.”

The legislation introduces regulatory provisions, including mandatory licensing for virtual asset service providers, market surveillance mechanisms, anti-money laundering and counter-terrorism financing compliance, and coordination with Pakistani financial regulators, including the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan.

The bill establishes a formal legal framework empowering PVARA to oversee virtual asset service providers and seeks to enhance market transparency by aligning the country’s digital asset regime with international standards. It will now be sent to the National Assembly, lower house of parliament, for approval before being submitted to President Asif Ali Zardari for its enactment into law.

Pakistan ranks among the world’s largest cryptocurrency markets by adoption, with millions of citizens actively engaged in virtual assets. PVARA said the Virtual Assets Bill 2026 provides a legal foundation to channel this organic growth into a regulated framework.

On Wednesday, Dr. Afnanullah Khan, a Pakistani senator from the ruling party, said major crypto coins such as Bitcoin, Ethereum and XRP will soon be traded in Pakistan through crypto exchanges.

Last week, Pakistan launched a crypto testing framework called the “regulatory sandbox” to regulate digital assets, allowing firms to trial new products and services under official supervision. The initiative creates a controlled environment where companies can test crypto-related services under the oversight of PVARA before full-scale approval.

In January, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial, a crypto-based finance platform launched in September 2024 and linked to US President Donald Trump’s family, to explore the use of a dollar-linked Stablecoin for cross-border payments. Stablecoins are cryptocurrencies pegged to a fiat currency to maintain a stable value.