El Salvador, Pakistan sign Bitcoin knowledge-sharing pact in crypto diplomacy push

El Salvador, Pakistan sign Bitcoin knowledge-sharing pact in crypto diplomacy push
CEO of the Pakistan Crypto Council and Minister of State for Crypto and Blockchain, Bilal bin Saqib (left), meets Salvadoran President Nayib Bukele in San Salvador on July 16, 2025. (Bilal bin Saqib)
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Updated 7 min 38 sec ago

El Salvador, Pakistan sign Bitcoin knowledge-sharing pact in crypto diplomacy push

El Salvador, Pakistan sign Bitcoin knowledge-sharing pact in crypto diplomacy push
  • Both countries sign a Letter of Intent during Pakistan’s Minister of State for Crypto Bilal Bin Saqib’s visit
  • El Salvador, a Central American country, became the first nation to adopt Bitcoin as legal tender in 2021

KARACHI: Pakistan and El Salvador have agreed to establish a formal channel for knowledge exchange and cooperation on Bitcoin-focused initiatives, following a meeting between Bilal Bin Saqib, Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council, and Salvadoran President Nayib Bukele in San Salvador.

The agreement, formalized through a Letter of Intent signed between the Bitcoin Office of El Salvador and the Pakistan Crypto Council, will lead to technical cooperation and knowledge-sharing between the two countries.

The focus includes exploring public sector applications of Bitcoin, promoting blockchain-based financial inclusion and supporting policy innovation in emerging economies.

El Salvador, a Central American country, became the first nation to adopt Bitcoin as legal tender in 2021. Its experience is being closely watched by governments exploring the use of digital assets to expand financial access and reduce reliance on traditional monetary systems. Pakistan, for its part, is working to develop its own virtual asset economy through a structured regulatory approach.

“El Salvador’s bold Bitcoin experiment has inspired governments around the world,” Saqib said after the meeting, according to an official statement. “This visit marks the beginning of a strategic relationship rooted in innovation, inclusion and shared learning.”

The statement added the meeting was the first official engagement between a Pakistani government representative and the Salvadoran head of state.

It focused exclusively on digital asset collaboration, a move described as an example of “Biplomacy,” a term combining Bitcoin and diplomacy.

Pakistan expects the agreement to help both countries explore avenues for sovereign digital asset management and foster public-private dialogue on regulatory frameworks.

The State Bank of Pakistan said earlier this month it plans to complete a pilot project for a digital currency within the current fiscal year.

The announcement followed the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA) through a presidential ordinance to regulate the country’s crypto market, curb illicit finance and promote responsible innovation.

According to financial analysts, the initiative is also expected to bring an estimated $25 billion in virtual assets into the formal tax net.


US to destroy Pakistan and Afghanistan bound food aid in UAE after Trump-era freeze

US to destroy Pakistan and Afghanistan bound food aid in UAE after Trump-era freeze
Updated 30 sec ago

US to destroy Pakistan and Afghanistan bound food aid in UAE after Trump-era freeze

US to destroy Pakistan and Afghanistan bound food aid in UAE after Trump-era freeze
  • Nearly 500 metric tons of fortified biscuits to be incinerated or landfilled in UAE
  • Supplies intended for Pakistan, Afghanistan could have fed 27,000 people for a month

With 1,100 metric tons of emergency food rations nearing expiry in a US government warehouse in Dubai after President Donald Trump’s aid freeze, it took a warning of “wasted tax dollars” for a top US official to eventually agree to a deal for the supplies to be used, sources told Reuters.

The deal saved 622 metric tons of the energy-dense biscuits in June, but 496 metric tons, worth $793,000 before they expired this month, will be destroyed, according to two internal US Agency for International Development memos reviewed by Reuters, dated May 5 and May 19, and four sources familiar with the matter.

The wasted biscuits will be turned into landfill or incinerated in the United Arab Emirates, two sources said. That will cost the US government an additional $100,000, according to the May 5 memo verified by three sources familiar with the matter.

The delays and waste are further examples of how the freeze and then cutbacks, which led to the firing of thousands of USAID employees and contractors, have thrown global humanitarian operations into chaos.

A spokesperson for the State Department, which is now responsible for US foreign aid, confirmed in an email to Reuters that the biscuits would have to be destroyed. But they said the stocks were “purchased as a contingency beyond projections” under the administration of former President Joe Biden, resulting in their expiration.

Trump has said the US pays disproportionately for foreign aid, and he wants other countries to shoulder more of the burden.

His administration announced plans to shut down USAID in January, leaving more than 60,000 metric tons of food aid stuck in stores around the world, Reuters reported in May.

The food aid stuck in Dubai was fortified wheat biscuits, which are calorie-rich and typically deployed in crisis conditions where people lack cooking facilities, “providing immediate nutrition for a child or adult,” according to the UN World Food Programme.

The WFP says 319 million people are facing acute levels of food insecurity worldwide. Of those, 1.9 million people are gripped by catastrophic hunger and on the brink of famine, primarily in Gaza and Sudan.

FOOD SECURITY

After Jeremy Lewin and Kenneth Jackson, operatives of the budget-slashing Department of Government Efficiency, were appointed acting deputy USAID administrators and began terminating food security programs, USAID staff were barred from communicating with aid organizations that were asking to take the biscuits, two sources said.

A State Department official, speaking on condition of anonymity, said it was “entirely false” that USAID staff were barred from communicating with aid groups, and that “there was no direction given ... not to engage.”

Reuters, however, reported that a January 25 email sent by Jackson emphasizing a “complete halt” to all foreign assistance banned USAID staff from any communications outside of the agency unless approved by their front office.

“Failure to abide by this directive...will result in disciplinary action,” said the memo reviewed by Reuters.

US Secretary of State Marco Rubio told lawmakers on May 21 that no food aid would be wasted, as USAID staff were waiting for Lewin to sign off on a deal to transfer the 622 metric tons of biscuits to the WFP for distribution before they began expiring in September.

That agreement was approved in June after weeks of waiting, according to five sources familiar with the matter, and the May 19 memo verified by two of the sources.

Both sources told Reuters that Lewin, who now runs the State Department’s Office of Foreign Assistance, did not respond to the request for weeks.

The State Department official said the memo had to go through revisions and edits before Lewin could sign it on June 2.

Eventually, USAID staff sent a memo to Lewin warning him that the biscuits had a limited shelf-life and that the agency would have to pay an estimated $125,000 to have them destroyed, resulting in “wasted tax dollars,” unless an agreement was struck with WFP to take them, both sources said.

Lewin finally signed it, clearing the way for USAID staff to save the 622 metric tons of biscuits, valued at just under $1 million, now destined for Syria, Bangladesh, and Myanmar, according to the memo.

Lewin did not respond to requests for comment.

The State Department official said Lewin cleared the transfer in a “timely manner,” and that consideration had to be given to finding shipping options that were not several times more expensive than the value of the biscuits.

Both sources said it took until early July to begin sending the stocks because generally it requires weeks of work to rearrange shipments after supply chains are disrupted.

A WFP official said it had signed an agreement to receive the biscuits.

The supplies slated for destruction could have fed around 27,000 people for a month, according to a Reuters analysis using figures from WFP. Those stocks were originally intended for USAID partners in Afghanistan and Pakistan.

Alexandra Rutishauser-Perera, the director of nutrition at Action Against Hunger UK, said: “We knew the suspension of USAID funding would have immediate consequences, and the destruction of emergency food, at a time when acute hunger is at its highest on record, underscores the unintended consequences of such funding cuts.”

The United States is the world’s largest humanitarian aid donor, amounting to at least 38 percent of all contributions recorded by the United Nations. It disbursed $61 billion in foreign assistance last year, just over half of it via USAID, according to government data.

The Trump administration notified Congress in March that USAID would fire almost all of its staff in two rounds on July 1 and September 2, as it prepared to shut down.

In a statement on July 1 marking the transfer of USAID to the State Department, Rubio said the US was abandoning what he called a charity-based model and would focus on empowering countries to grow sustainably.

“We will favor those nations that have demonstrated both the ability and willingness to help themselves and will target our resources to areas where they can have a multiplier effect and catalyze durable private sector, including American companies, and global investment,” he wrote. 


Pakistan’s Punjab reports 63 deaths in 24 hours as monsoon toll rises to 103

Pakistan’s Punjab reports 63 deaths in 24 hours as monsoon toll rises to 103
Updated 8 min 54 sec ago

Pakistan’s Punjab reports 63 deaths in 24 hours as monsoon toll rises to 103

Pakistan’s Punjab reports 63 deaths in 24 hours as monsoon toll rises to 103
  • Heavy rains continue to lash most populous province, injuring nearly 400, damaging homes
  • Authorities urge evacuations from unsafe structures as weather warnings remain in place

ISLAMABAD: Pakistan’s most populous province of Punjab said on Thursday 63 people were killed and 290 injured in the last 24 hours due to heavy monsoon rains, as downpours continued in different parts of the country including the federal capital Islamabad and its adjoining regions.

The Provincial Disaster Management Authority (PDMA) of Punjab said in a statement the deaths were reported from multiple districts, including 15 in Lahore, nine in Faisalabad, nine in Okara, five in Sahiwal and three in Pakpattan.

The PDMA warned the spell of torrential rain was likely to continue across the province.

“So far, 103 people have died and 393 have been injured due to monsoon rains this year,” the statement said, adding that 128 houses have also been damaged and six livestock animals killed.

“In the last 24 hours alone, 63 people have died and 290 have been injured due to monsoon-related incidents,” it continued.

The statement said many of the casualties occurred in roof and building collapses, particularly in older or poorly constructed homes.

Authorities have appealed to the public to vacate dilapidated structures, avoid low-lying areas prone to flooding and keep children away from exposed electric wires and poles.

The Punjab government said medical care was being provided to the injured and that financial compensation would be extended to families of those killed under provincial policy.

Pakistan, which contributes less than one percent to global greenhouse gas emissions, is among the countries most vulnerable to the impacts of climate change. Rising temperatures, erratic weather patterns and shifting monsoon cycles have made extreme weather events more frequent and severe.

In 2022, record-breaking monsoon rains and glacial melt triggered devastating floods that submerged large areas of the country, killed more than 1,700 people and displaced millions.

Recovery efforts are still ongoing as climate-linked disasters continue to strain Pakistan’s fragile infrastructure and economy.


Pakistan flexes aerial reach with JF-17 jets deployment to UK air show after India clash

Pakistan flexes aerial reach with JF-17 jets deployment to UK air show after India clash
Updated 13 min 23 sec ago

Pakistan flexes aerial reach with JF-17 jets deployment to UK air show after India clash

Pakistan flexes aerial reach with JF-17 jets deployment to UK air show after India clash
  • Military says the deployment and midair refueling demonstrate operational capability beyond borders
  • UK’s Royal International Air Tattoo is one of the world’s most prestigious military aviation exhibitions

ISLAMABAD: Pakistan has deployed its latest JF-17 Thunder Block-III fighter jets to the United Kingdom for the Royal International Air Tattoo (RIAT), said an official statement on Thursday, marking a high-profile demonstration of airpower weeks after a brief but tense military standoff with neighboring India.

The aircraft landed at Royal Air Force Base Fairford in southern England ahead of RIAT 2025, one of the world’s largest and most prestigious military aviation exhibitions. Held annually, the three-day event attracts air forces from around the world, offering a platform for aerial demonstrations, aircraft displays and military diplomacy.

This year’s show includes participation from over 60 nations and is themed “Eyes in the Skies,” highlighting advances in airborne surveillance and global security.

“Contingent of the Pakistan Air Force comprising state-of-the-art JF-17 Thunder Block-III fighter aircraft and the C-130 Hercules transport aircraft, has landed at the Royal Air Force Base Fairford, United Kingdom, to participate in the prestigious Royal International Air Tattoo – 2025,” the military’s media wing, Inter-Services Public Relations (ISPR), said in a statement.

“Pakistan Air Force’s JF-17 Thunder Block-III fighters executed successful Air-to-Air Refueling operations en route to United Kingdom with the support of a PAF IL-78 aerial refueling tanker,” it continued. “The intricate refueling operation demonstrated PAF’s long-range operational capabilities and the proficiency of its air and ground crew in conducting extended operations beyond national borders.”

The JF-17 Block-III is a 4.5-generation, multi-role fighter equipped with an AESA radar and long-range beyond-visual-range (BVR) missile capability. Co-developed by Pakistan and China, the aircraft has become the centerpiece of Pakistan’s indigenous airpower strategy.

The deployment is part of PAF’s broader effort to highlight its modernization and operational readiness.

The statement also noted heightened interest in the JF-17’s arrival, particularly among defense observers and aviation enthusiasts following the recent India-Pakistan conflict, during which the PAF downed several Indian fighter jets.
 


Pakistan sees $16 million in online animal sales during Eid — central bank 

Pakistan sees $16 million in online animal sales during Eid — central bank 
Updated 17 July 2025

Pakistan sees $16 million in online animal sales during Eid — central bank 

Pakistan sees $16 million in online animal sales during Eid — central bank 
  • Over 64,000 cashless transactions recorded in major cattle markets as part of drive to formalize economy
  • State Bank hails campaign to promote digital payments during Eid-ul-Azha, backed by 24 commercial banks

KARACHI: Pakistanis spent more than 4.7 billion rupees (approximately $16.3 million) on sacrificial animals through digital transactions during Eid-ul-Azha this year, the State Bank of Pakistan (SBP) said on Tuesday, highlighting a growing shift toward cashless commerce in one of the country’s most traditional and informal markets.

The digital sales were part of the central bank’s “Go Cashless in Cattle Markets Campaign 2025,” launched to promote financial inclusion and reduce cash handling during the three-day religious festival that began on June 7. The annual holiday, also known as Eid Al-Adha, marks the Islamic ritual of animal sacrifice, during which millions of Pakistanis buy goats, cows, and camels, often in large, informal marketplaces.

The SBP said the campaign was implemented in collaboration with 24 commercial banks and covered 54 major cattle markets across the country.

“The campaign was successfully implemented in 54 major cattle markets across Pakistan, resulting in 64,553 transactions valued at Rs 4.656 billion,” the central bank said in a statement.

Eid-related animal trade represents a significant part of Pakistan’s informal economy. By introducing digital payment options in livestock markets, the central bank aims to improve financial transparency and support the government’s broader goal of documenting the cash-based economy.

Pakistan is currently under a $7 billion loan program with the International Monetary Fund (IMF), which encourages reforms including digitization of financial services to boost tax collection and economic stability.

“Digital payment systems play a vital role in modern economies by offering transparency, reducing fraud risks, and providing secure, convenient, and inclusive access to financial services,” the SBP said.

It added that such initiatives were crucial for building trust and driving adoption of digital platforms, especially among underserved groups like livestock traders.

The central bank said feedback from buyers and sellers in the cattle markets was positive, with participants appreciating the reduced reliance on physical cash.

“This campaign was highly appreciated by the buyers and sellers in the cattle markets, as it reduced their reliance on cash,” the bank noted.

Najeeb Ahmed Warsi, head of online trading at Foundation Securities Ltd, called the initiative a meaningful step toward modernizing Pakistan’s financial landscape.

“This campaign is more than just numbers, it’s a clear step forward in Pakistan’s journey toward a digitally-driven, cashless economy,” he said. “By digitizing traditional markets, we’re building trust, increasing financial inclusion, and setting the stage for a safer, smarter financial ecosystem.”

Warsi noted that the partnership between 24 commercial banks and the central bank allowed the initiative to scale effectively across the country.

“This groundbreaking initiative earned widespread praise from both buyers and sellers, who welcomed the shift from cash to digital payments, and transparency during one of the busiest market seasons,” he added.

The SBP said it would continue fostering collaborations across the financial sector to further Pakistan’s transition to a digitally inclusive economy.


Pakistan’s Imran Khan orders party to stay silent on infighting, focus on protests

Pakistan’s Imran Khan orders party to stay silent on infighting, focus on protests
Updated 16 July 2025

Pakistan’s Imran Khan orders party to stay silent on infighting, focus on protests

Pakistan’s Imran Khan orders party to stay silent on infighting, focus on protests
  • Reports of rifts within Khan’s party grew after a senior leader spoke about lack of clarity over ongoing nationwide protest drive
  • Khan orders party members to avoid sharing grievances publicly, says time for negotiations with government “has passed”

ISLAMABAD: Former prime minister Imran Khan on Wednesday urged party members to put aside their grievances amid reports of rifts within the Pakistan Tehreek-e-Insaf (PTI) and focus on the ongoing protest movement, reiterating that the time for negotiations with the government “has passed.”

Reports of a rift within the party began to emerge after Ali Amin Gandapur, a close Khan aide and Khyber Pakhtunkhwa (KP) chief minister, announced on July 13 that a 90-day “do-or-die” protest drive against the government is underway. The protest call, however, appeared to contradict an earlier call for a nationwide protest posted on Khan’s official X account, set to culminate on August 5. The day marks the second anniversary of the former prime minister’s imprisonment on corruption charges.

Speculation of conflicts within the party further grew after senior PTI leader and Punjab Chief Organizer Aliya Hamza Malik publicly voiced concerns on X about a lack of clarity around the campaign. Malik questioned the origin of the 90-day plan and asked for details on the party’s strategy to secure Khan’s release.

According to a statement shared from his official X account, Khan told his family and lawyers at Adiala Jail where he is imprisoned, that he and others from the PTI are currently undergoing “some of the harshest imprisonments.”

“Therefore, I direct every member of the party to put aside all personal grievances,” the statement read. “Publicly airing internal matters or individual concerns before the media is entirely unacceptable.”

Khan instructed his party members, both juniors and seniors, to avoid sharing “internal differences” on social media, electronic media, print media or other platforms, urging them to “focus exclusively” on the protest movement.

“If any party official fails to participate in this movement, I will make the final decision about them myself, even from within jail,” he warned.

The cricketer-turned-politician directed the PTI leadership to decide about nominations for the party’s Senate tickets through “mutual consultation.”

Khan urged his party supporters to continue protesting against the government.

“The time for negotiations has passed,” the statement said. “What remains now is the time for the nation to rise in protest.”

Pakistan’s Information Minister Attaullah Tarar last week dismissed the party’s protest call as a “political gimmick.”

“PTI has lost street power and its credibility, and is heading toward irrelevance,” the minister said.

Khan was ousted from the PM’s office in a no-confidence vote in April 2022 and jailed in August 2023. Since then, the PTI has repeatedly mobilized street protests, including a large march to Islamabad in November 2024, to demand his release and challenge the legitimacy of the February 2024 general election.

The government accuses the PTI of using the protests to incite instability and disrupt efforts at economic recovery.

Punjab Information Minister Azma Bukhari said earlier this week that peaceful protest was a democratic right of every individual. However, she accused the PTI of abusing that right in the past.

“PTI has a history of violence and anarchy,” she told reporters. “No political party is allowed to attack with weapons as Pakistan is our red line.”

Hundreds of PTI supporters were arrested after riots allegedly incited by the party against the military on May 9, 2023. The government also says four soldiers were killed in November protests last year. PTI denies the charges.