Science & Technology
Pakistan central bank to launch pilot for digital currency, says governor
Pakistan has cut its benchmark rate from a peak of 22% to 11% over the past year, as inflation slumped from 38% in May 2023 to 3.2% in June, averaging 4.5% in the 2025 fiscal year just ended, a nine-year low.
Pakistan’s central bank is preparing to launch a pilot for a digital currency and is finalising legislation to regulate virtual assets, Governor Jameel Ahmad said on Wednesday, as the country ramped up efforts to modernise its financial system, Reuters reported.
Central banks globally are exploring the use of digital currencies as interest in blockchain-based payments grows. Pakistan’s move follows similar steps by regulators in China, India, Nigeria and several Gulf states to test or issue digital currencies through controlled pilot programmes.
At the Reuters NEXT Asia summit in Singapore, Ahmad said Pakistan was “building up our capacity on the central bank digital currency” and hoped to roll out a pilot soon.
He was speaking on a panel alongside Sri Lanka’s central bank governor, P. Nandalal Weerasinghe, with both discussing monetary policy challenges in South Asia.
Ahmad said a new law would “lay down the foundations for the licensing and regulation” of the virtual assets sector and that the central bank was in touch with some tech partners.
The move builds on efforts by the government-backed Pakistan Crypto Council, set up in March to drive virtual asset adoption. The PCC is exploring bitcoin mining using surplus energy, has appointed Binance founder Changpeng Zhao as a strategic adviser and plans to establish a state-run bitcoin reserve, read the report.
It has also held talks with U.S.-based crypto firms, including the Trump-linked World Liberty Financial.
In May, the State Bank of Pakistan clarified that virtual assets were not illegal. However, it advised financial institutions not to engage with them until a formal licensing framework was in place.
“There are risks associated, and at the same time, there are opportunities in this new emerging field. So we have to evaluate and manage the risk very carefully, and at the same time not allow to let go the opportunity,” he said on the panel.
On Wednesday, Pakistan’s state minister on blockchain and crypto, Bilal bin Saqib, said in a statement that Pakistan’s government had approved the “Virtual Assets Act, 2025” creating an independent regulator to license and oversee the crypto sector.
Ahmad said the central bank would continue to maintain a tight policy stance to stabilise inflation within its 5–7% medium-term target.
Pakistan has cut its benchmark rate from a peak of 22% to 11% over the past year, as inflation slumped from 38% in May 2023 to 3.2% in June, averaging 4.5% in the 2025 fiscal year just ended, a nine-year low.
“We are now seeing the results of this tight monetary policy transfer, both on our inflation as well as on the external account,” he said.
Ahmad said Pakistan was not overly exposed to dollar weakness, noting its foreign debt was mostly dollar-denominated and only 13% comprised Eurobonds or commercial loans.
“We don’t see any major impact,” he said, adding that reserves had risen to $14.5 billion from under $3 billion two years ago.
Ahmad said Pakistan’s three-year $7 billion IMF programme, which runs through September 2027, was on track and had resulted in reforms in fiscal policy, energy pricing and the foreign exchange market, Reuters reported.
“We are confident that after that (IMF programme), maybe we will not require an immediate (follow-up).”
Asked whether Pakistan had financing plans lined up for upcoming military equipment purchases, particularly imports from China, Pakistan’s central bank governor said he was not aware of such plans.
Science & Technology
New AI tool helps Afghans identify visa pathways
A veteran-led organisation has launched a new artificial intelligence-powered platform designed to help Afghans navigate complex visa and relocation options as thousands remain stranded or at risk nearly five years after the withdrawal of U.S. forces from Afghanistan.
The Visa Pathways and Relocation Information Center (V-PRIC), developed by AfghanEvac, uses artificial intelligence to guide users through possible immigration and protection pathways based on their individual circumstances.
According to AfghanEvac founder and U.S. Navy veteran Shawn VanDiver, the platform attracted more than 30,000 visits during its first week online.
Users begin by answering questions about their current location, whether they worked with the United States, whether they face security risks, and by providing a brief description of their situation. The system then compares that information with a database covering 124 U.S. visa and immigration categories, including 16 relevant to Afghan applicants, as well as relocation options offered by other countries.
VanDiver said the platform is intended to simplify what is often a confusing and constantly changing immigration process. Before using the service, applicants must acknowledge that it does not provide legal advice.
The launch comes as many Afghans who supported the U.S. during its two-decade military presence continue to face uncertainty. AfghanEvac says policy changes have significantly reduced available relocation opportunities, leaving many applicants unable to progress with immigration cases.
According to the organisation, around 1,100 Afghan allies and their family members remain at the Camp As Sayliyah processing facility in Doha, Qatar, despite many having previously received approval to enter the United States. AfghanEvac says travel restrictions have prevented them from completing the process.
VanDiver said the new tool helps users identify obstacles affecting their applications, including whether delays are caused by legal requirements or government policy, while also highlighting possible next steps.
The platform has been trained using legal decisions, executive orders, policy documents and information gathered through AfghanEvac surveys and guidance materials. The organisation says it will continue updating the system as immigration policies evolve.
VanDiver said the tool could also help applicants avoid actions that may complicate future immigration cases, such as pursuing visa interviews when programmes are temporarily suspended.
AfghanEvac recently surveyed more than 1,100 Afghans between January and July this year. Of the 427 respondents still inside Afghanistan, nearly half reported facing direct security threats. Another 427 respondents were in Pakistan awaiting relocation, with many expressing concerns about possible deportation and limited access to healthcare.
The organisation emphasised that the AI platform is intended to complement, rather than replace, professional legal assistance. It encourages applicants to seek legal advice while using the service to better understand the immigration options available to them.
Science & Technology
Facebook hit by global outage as users report widespread access problems
Thousands of users turned to other social media platforms, including X, to confirm they were not alone, with “Facebook down” quickly becoming a trending topic in several regions.
Facebook users around the world experienced widespread disruption on Sunday after the social media platform suffered a major outage that left many unable to access their accounts or use key features.
According to outage-tracking service Downdetector, reports of problems surged sharply overnight, jumping from just a handful of reports initially to millions by noon on Sunday (Kabul time).
Many users reported being unable to log into Facebook, while others who were already signed in encountered an error message stating: “Account Temporarily Unavailable. Your account is currently unavailable due to a site issue. We expect this to be resolved shortly. Please try again in a few minutes.”
The outage appeared to affect Facebook’s desktop platform most severely, although users also reported problems with the mobile app, including uploading photos and videos, viewing content and sending messages through Messenger.
Thousands of users turned to other social media platforms, including X, to confirm they were not alone, with “Facebook down” quickly becoming a trending topic in several regions.
Meta, Facebook’s parent company, had not issued an official explanation for the disruption at the time of publication. It also remained unclear whether the outage affected users in all regions equally or whether other Meta-owned services, including Instagram and WhatsApp, experienced related issues.
Downdetector, which tracks online service disruptions through user-submitted reports, said the spike suggested a significant global outage. The number of reports on the platform does not necessarily represent the total number of affected users.
While outages of this scale are relatively uncommon, Facebook has experienced several high-profile service interruptions in recent years, affecting millions of users worldwide.
Meta is expected to provide further details once engineers identify the cause of the disruption. Users are advised to avoid repeatedly attempting to log in or changing account settings while the issue is being resolved, as the problem appears to stem from Facebook’s systems rather than individual accounts.
Science & Technology
Artemis II astronauts reunite with capsule after record-breaking moon mission
The Artemis II astronauts reunited with their Orion capsule on Wednesday, three months after completing a record-breaking mission around the moon that took them farther into space than any humans in history.
It was the crew’s first visit to NASA’s Kennedy Space Center since their launch in April. When they last saw the launch pad, the Space Launch System rocket that carried them to space was still standing there.
“It’s a lonely place without that rocket on it,” mission commander Reid Wiseman said, as the four astronauts thanked the teams that supported the historic flight.
The crew—NASA astronauts Reid Wiseman, Christina Koch and Victor Glover, along with Canadian astronaut Jeremy Hansen—set a new human distance record by traveling 252,756 miles (406,771 km) during the lunar flyby. The mission marked humanity’s first journey to the moon in more than 50 years.
Wiseman said public enthusiasm for the mission remains strong, recalling that a passenger on a recent flight in France thanked him for “reminding us about joy and hope in the universe again.”
NASA last month announced the four-member crew for Artemis III, scheduled for next year. The mission will remain in Earth orbit to rehearse docking with lunar landers being developed by SpaceX and Blue Origin, while Artemis IV is planned as early as 2028 and is expected to include a crewed lunar landing.
Christina Koch, the first woman to fly to the moon, said she welcomed NASA’s merit-based crew selection after Artemis III’s all-male crew drew attention.
Jeremy Hansen, Canada’s representative on Artemis II, announced earlier this week that he will leave the Canadian Space Agency in September but will continue supporting the Artemis program as a reservist in the Royal Canadian Air Force.
-
Latest News4 days agoGermany defends Afghan deportation policy after fatal Trier knife attack
-
Latest News5 days agoFazlur Rehman accuses Pakistan of enabling US strikes on Afghanistan
-
Sport4 days agoFIFA updates world rankings; Spain climbs to No. 1, Afghanistan ranked 171st
-
Latest News4 days agoAfghanistan and Uzbekistan advance railway cooperation, discuss Trans-Afghan project
-
Latest News5 days agoIndia says UN sanctions on Afghanistan no longer effective
-
Latest News5 days agoWidespread reaction to Nuristan floods; from messages of sympathy to requests for urgent assistance
-
Latest News5 days agoDeadly Nuristan floods death toll climbs to 23 and nearly 100 missing
-
Regional5 days agoHamas names Khalil Al-Hayya as new overall leader
