Pakistan’s Digital Payment Ecosystem Shows Remarkable Growth The State Bank of Pakistan (SBP) has released its Payment System Review for the first quarter of the fiscal year, highlighting significant strides towards a digital and cashless economy. The report, covering July to September 2024, showcases the rapid adoption of digital payment systems, infrastructure advancements, and the gradual decline in reliance on cash. Retail payments in Pakistan witnessed an 8% growth in volume during the first quarter of FY25, reaching 1,951 million transactions worth Rs136 trillion. Payments made through digital channels surged by 9% in both volume and value, totaling 1,699 million…
Author: Muhammad Idrees
The tragic events of May 9, 2023, were a stark reminder of the destructive consequences of politically motivated violence. As the Pakistan Army’s Inter-Services Public Relations (ISPR) has rightly pointed out, true justice will only be achieved when the masterminds and planners behind these heinous acts face accountability under the Constitution and the law. The military courts’ sentencing of 25 individuals involved in the May 9 violence marks a critical milestone. However, this is only the beginning. The incidents of May 9 were not isolated acts of lawlessness but part of a calculated and politically fueled campaign to undermine state…
ISLAMABAD: Pakistan’s former UN ambassador, Maleeha Lodhi, dismissed US sanctions against Pakistan, stating they will have “zero effect.” Speaking on a private TV channel, she explained that such sanctions are not new for Pakistan. Lodhi said the US has imposed restrictions on Pakistan since the country began its nuclear program. “Despite these sanctions, there has been no real impact,” said Lodhi, who also served as Pakistan’s envoy to the United States. Criticizing US policies, Lodhi called out the discriminatory approach. She noted that India, with its advanced missile program, faces no such sanctions. “This is a clear double standard by…
ISLAMABAD: The United Nations General Assembly has once again unanimously adopted a Pakistan-sponsored resolution on the “Universal Realization of the Right of Peoples to Self-Determination.” This victory highlights Pakistan’s consistent leadership on this critical issue. The resolution emphasizes the universal right to self-determination. It offers hope to millions worldwide fighting for freedom and independence. Pakistan has long championed this cause, ensuring it remains a cornerstone of international discourse. The resolution focuses on the struggles of people in Indian Illegally Occupied Jammu and Kashmir and Palestine. It reinforces global support for their legitimate aspirations for self-determination. For over four decades, Pakistan…
ISLAMABAD: Pakistan and Tajikistan have taken significant steps to strengthen their bilateral relationship by signing two memorandums of understanding during the seventh session of the Pakistan-Tajikistan Joint Commission in Islamabad this week. Power Minister Sardar Awais Leghari announced on Wednesday that both nations had agreed to form a joint coordination committee. This committee will tackle challenges in transit trade and boost Pakistan’s position as a key trade and transit hub for Central Asia. In recent weeks, Pakistan has been actively engaging with Central Asian states through visits, investment discussions, and enhanced economic activities. Tajikistan, Pakistan’s closest Central Asian neighbor, shares…
The recent developments in Bangladesh reflect a significant shift in the nation’s political and cultural trajectory. The interim government, which emerged following the revolution on August 5, has taken several decisive actions that not only mark the end of Sheikh Hasina Wajid’s era but also signal a departure from the longstanding dominance of Sheikh Mujibur Rahman’s legacy. End of ‘Joy Bangla’ Slogan The decision to cease the use of “Joy Bangla” as a national slogan is a symbolic yet impactful move. Historically, the slogan was associated with the liberation movement of 1971 and became a central theme of Sheikh Mujib’s…
In today’s interconnected world, the value of patriotism is undeniable. Loving one’s country means showing loyalty, dedication, and affection for the homeland. Patriotism is more than a symbol. It creates unity, inspires positive change, and gives people a sense of belonging. Loving and respecting one’s country is essential for society’s well-being. Patriotism plays a key role in promoting unity within diverse nations. Countries like Pakistan are home to many cultures, languages, and traditions. Patriotism embraces this diversity by recognizing the unique contributions of every citizen. It does not promote superiority but celebrates differences. It brings people together by fostering pride…
The 1971 war between India and Pakistan marked a significant chapter in the history of South Asia, culminating in the creation of Bangladesh. While the narrative surrounding the war is often dominated by accusations against the Pakistan Army for alleged atrocities in East Bengal (modern-day Bangladesh), a closer examination reveals a more nuanced story. These accusations lack substantial evidence and fail to acknowledge the complex geopolitical, social, and military challenges faced by Pakistan during this tumultuous period. This article highlights the bravery and sacrifices of the Pakistan Army while addressing the hardships and injustices it endured. The Context of the…
The Baloch Yakjehti Committee (BYC) recently made headlines with a controversial statement that pays tribute to Baloch separatists, whom they described as martyrs for their sacrifice in the fight for Baloch identity and independence. According to the statement, these militants have played a fundamental role in fostering social change and development within Baloch society, asserting that their resistance is essential for the survival of the Baloch people. While the committee’s statement may resonate with some factions within the Baloch nationalist movement, it raises serious questions about its implications for Pakistan’s national unity, peace, and the future of Balochistan. Glorification of…
Private companies are playing an essential role in the development of Pakistan’s energy sector, with significant support from the Special Investment Facilitation Council (SIFC). A recent example of this collaboration is the launch of Lucky Cement’s 28.8 MW renewable energy project. Lucky Cement has introduced a hybrid power project that combines wind and solar energy. This project will generate electricity that is both fuel-free and environmentally friendly, aligning with the country’s goals for sustainable development. The hybrid wind and solar energy initiative is an important step toward securing Pakistan’s long-term economic and environmental future. Earlier, Lucky Cement also commissioned a…