KARACHI: A Pakistan Navy ship arrived in the Maldives on an ongoing overseas deployment aimed at fostering regional maritime security cooperation, the navy said on Sunday.
Upon arrival at the Port of Male, Pakistan Navy Ship Saif was warmly welcomed by Maldivian authorities, according to Pakistan Navy’s Directorate General of Public Relations (DGPR).
During the visit, the Pakistan Navy’s mission commander held meetings with the military leadership of Maldives and visited the High Commission of Pakistan.
“During these interactions, matters of mutual interest, naval engagements, and cooperation in maritime security were discussed,” the DGPR said in a statement.
Pakistani naval ships regularly visit strategic ports in friendly countries to boost maritime cooperation and joint deployment concepts.
During the ship’s stay in Maldives, government officials, ambassadors of various countries, and members of the diplomatic community visited PNS Saif. After the port call, the Pakistani naval conducted a passage exercise with Maldives Coast Guard vessels.
“Regular visits of Pakistan Navy ships to Maldives reflect the strong bilateral relations between the two countries and will further enhance interoperability between the naval forces,” the DGPR added.
Pakistan Navy ship visits Maldives as part of regional maritime security cooperation
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Pakistan Navy ship visits Maldives as part of regional maritime security cooperation
- Pakistani naval ships regularly visit strategic ports in friendly countries to enhance interoperability
- Islamabad says regular visits of Pakistan Navy ships to Maldives reflect the strong bilateral relations
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.
