PML-N eyes two-thirds majority in AJK

A US publication has praised Pakistan’s efforts to modernise its financial system, saying the country is steadily strengthening its position in the global digital financial landscape through reforms and technological innovation. The article highlighted Pakistan’s initiatives to promote digital transformation and said the country has the potential to play a meaningful role in the evolving global digital economy. It also commended the vision of Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib, stating that Pakistan must actively position itself within the international digital financial system to benefit from emerging technologies and new economic opportunities. According to the publication, the future will belong to countries that make swift decisions and implement reforms without delay. It noted that Pakistan has the opportunity to emerge as a leader in the digital economy by embracing innovation and adopting forward-looking policies. The article further stated that governments can no longer rely solely on traditional bureaucratic systems. Instead, they must adopt the speed, flexibility and innovation-driven approach of technology startups to remain competitive in a rapidly changing global environment. It added that digital assets are becoming the foundation of the future financial infrastructure and countries investing in digital finance today will be better positioned for long-term economic growth and global competitiveness. The publication’s remarks come as Pakistan continues to promote digital payments, financial technology and cashless transactions as part of its broader strategy to modernise the economy and expand financial inclusion.

German Consul General Thomas E Schultze has extended Independence Day greetings to the people of Pakistan, praising the long-standing friendship between Pakistan and Germany and calling for stronger bilateral relations. In his message marking Pakistan’s 79th Independence Day, Schultze said the occasion was a time to celebrate the country’s creation while recognising the resilience, diversity and ambitions of its people. He noted that Pakistan and Germany will complete 75 years of diplomatic relations on October 15. He described the anniversary as an important milestone in the history of relations between the two countries. Schultze said economic links between Pakistan and Germany predated the establishment of formal diplomatic relations. He recalled that Siemens opened its first office in Lahore in 1922. According to the German diplomat, the relationship between the two countries rests on reliability, trust and sustainability. He said these principles had helped create lasting cooperation and opportunities that benefit both sides. Schultze highlighted the importance of economic ties between the two countries. He said Germany is Pakistan’s largest trading partner and the biggest importer of Pakistani products within the European Union. He also pointed to the significance of the EU’s GSP+ trade arrangement for Pakistan. Around 90 per cent of Pakistan’s exports to the European Union benefit from the scheme and enter the bloc’s market without customs duties, he said. The German consul general also highlighted the role of Pakistani women in the country’s future. He said women across Pakistan were making contributions in leadership, education, entrepreneurship and community development. Their efforts, he added, were helping create opportunities and inspiring younger generations. Schultze also spoke warmly about his experience in Pakistan. Having served in the country since last year, he praised the hospitality and warmth of the Pakistani people. He said Pakistan had gained a special place in his heart and expressed his appreciation for the relationship between the two countries. The German diplomat said he looked forward to working toward further strengthening Pakistan-Germany relations in the years ahead.

QUETTA: Gas supplies to Quetta and several areas of Balochistan were suspended on Thursday after an explosion damaged a major gas pipeline in the Bolan region. Officials said the blast occurred near Gokurt. An 18-inch-diameter pipeline was damaged by an explosive device near its valve assembly. The damaged facility is located around 800 metres from the National Highway. The explosion disrupted gas supplies to Quetta, Kolpur, Mach, Mastung, Kalat, Pishin and Ziarat. Flames reportedly emerged from the damaged pipeline shortly after the blast. The area was secured to prevent further danger and allow authorities to inspect the site. The Sui Southern Gas Company (SSGC) said repair teams would be sent to the location after security clearance is granted. Engineers and technical teams will assess the damage first. Restoration work will begin after the site is declared safe. The company has not yet announced when gas supplies will be fully restored. The suspension has caused concern among residents and businesses in the affected areas. Many households depend on the gas network for cooking and other daily needs. Businesses and commercial establishments may also face difficulties if the disruption continues for an extended period. Security authorities have started investigating the explosion. Officials are also examining the circumstances surrounding the damage to the pipeline. The incident highlights continuing security concerns surrounding energy infrastructure in Balochistan. Gas pipelines in the province have previously been targeted in similar attacks. A similar incident was reported in Balochistan earlier this year. In March, an 18-inch gas pipeline near the Western Bypass in Harnai’s Akhtarabad area was damaged in an explosion. Explosives had reportedly been planted beneath the pipeline. The blast destroyed a significant section of the infrastructure and disrupted gas supplies to several areas. The earlier incident affected parts of Quetta and upper Balochistan. Several localities, including Airport Road, Nawan Kali, Jinnah Town, Hazarganji, Kuchlak, Pishin and Ziarat, experienced disruptions. The March explosion also caused a major fire. Large flames were seen rising from the damaged pipeline, creating panic among people living nearby. Authorities are continuing their investigation into Thursday’s blast. Security officials will also determine the extent of the damage and assess the measures required to protect the pipeline network.