Pakistan’s top military commander hails Saudi defense pact as ‘historic’ at scholars’ conference

Pakistan army chief Field Marshal Syed Asim Munir (right), Saudi Crown Prince Mohammed bin Salman (2nd right), Prime Minister of Pakistan Shehbaz Sharif (2nd left) and the Saudi Minister of Defense pictured after signing of landmark defense pact in Riyadh on September 17, 2025. (PMO)
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Updated 21 December 2025
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Pakistan’s top military commander hails Saudi defense pact as ‘historic’ at scholars’ conference

  • Asim Munir says Pakistan has a unique bond with the Kingdom, citing the ‘honor’ of helping safeguard the holy sites
  • He says only the state can declare jihad, urging religious scholars to counter extremist narratives and promote unity

ISLAMABAD: Chief of Defense Staff Field Marshal Asim Munir on Wednesday described the country’s joint security pact with Saudi Arabia as a “historic” milestone, telling a gathering of religious scholars that Pakistan and the kingdom share a deep strategic relationship.

Signed in September, the Strategic Mutual Defense Agreement has solidified decades of Saudi–Pakistan defense cooperation, covering intelligence-sharing, counterterrorism and regional stability.

The two nations have long coordinated on defense matters, with Pakistani military personnel deployed in the Kingdom.

“The defense agreement [with Saudi Arabia] is historic,” he said in an address to the conference in the federal capital.

The top military commander said Pakistan regarded its connection with the Kingdom as unique.

“Among all Muslim countries, Allah has given Pakistan the honor of helping safeguard the Haramain,” he continued, referring to the two holiest sites of Islam in Makkah and Madinah.

Munir used his speech to warn against extremism, saying that under the Islamic framework, only the state could declare jihad, a pointed reference to groups such as the Tehreek-e-Taliban Pakistan (TTP), which claims to act in the name of religion while carrying out attacks on civilians and security forces.

“When nations abandon knowledge and the pen, disorder takes hold,” he said, urging the religious scholars to help keep society unified and to “broaden the nation’s vision.”

Munir also criticized India, describing “terrorism” as “India’s habit, not Pakistan’s.”

His remarks came months after a four-day military confrontation in May, during which the two nuclear-armed neighbors exchanged artillery and missile fire and deployed drones and fighter jets.

India blamed Pakistan for a militant attack in Indian-administered Kashmir before launching a missile attack. Islamabad denied involvement and called for an international probe.

Pakistan claimed it had shot down six Indian fighter jets before a US-brokered ceasefire took effect.

“We do not hide when confronting the enemy,” Munir said. “We challenge openly.”


Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

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Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

  • Legislation introduces licensing for virtual asset service providers, market surveillance mechanisms
  • Pakistan is one of the world’s top cryptocurrency markets, with millions actively using virtual assets

KARACHI: Pakistan’s parliament on Friday passed the Virtual Assets Act 2026, granting the Pakistan Virtual Assets Regulatory Authority (PVARA) powers to combat money laundering, militant financing and other illicit activities, the regulator said.

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.

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.

“A year ago, Pakistan’s digital asset landscape was defined by uncertainty and grey areas. Today, we have the country’s first Act of Parliament establishing a regulatory body for virtual assets, building on the Presidential Ordinance introduced in 2025,” PVARA Chairman Bilal bin Saqib said in a post on X.

“With NOCs [no objection certificates] already issued and banking rails being developed in coordination with the State Bank of Pakistan, we are now moving toward a comprehensive licensing framework aligned with global AML [anti-money laundering] and financial integrity standards.”

Meanwhile, PVARA said the framework aims to boost transparency, protect investors, and ensure a stable, trustworthy virtual asset market while supporting responsible fintech innovation.

“The legislation also equips the Authority with powers to address money laundering, terrorist financing, and other illicit activities associated with virtual assets, bringing Pakistan’s regulatory approach in line with international standards,” it added.

Pakistan ranks among the world’s largest cryptocurrency markets by adoption, with millions of citizens actively engaged in virtual assets.

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

Pakistan earlier launched a “regulatory sandbox” for firms to trial crypto services under PVARA’s supervision before full approval.

In January, Pakistan signed a memorandum of understanding with a World Liberty Financial-linked firm, tied to US President Donald Trump’s family, to explore a dollar-backed stablecoin for cross-border payments.