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
Musk’s Starlink faces high-profile security test in Iran crackdown
Starlink, which is harder for Iran to tamper with than cable and cellphone tower networks, has become crucial for documenting events on the ground.
Iran’s crackdown on dissidents is shaping up as one of the toughest security tests yet for Elon Musk’s Starlink, which has served as a lifeline against state-imposed internet blackouts since its deployment during the war in Ukraine, Reuters reported.
SpaceX, which owns Starlink, made the satellite service free for Iranians this week, placing Musk’s space company at the center of another geopolitical hot spot and pitting a team of U.S.-based engineers against a regional power armed with satellite jammers and signal-spoofing tactics, according to activists, analysts and researchers.
How SpaceX withstands Iranian attacks on its most lucrative line of business is expected to be closely watched by U.S. military forces and intelligence agencies that use Starlink and its military-grade variant Starshield, as well as China, whose own nascent satellite internet constellations are set to rival Starlink in the coming years. With SpaceX weighing a public listing this year, the situation in Iran also represents a high-profile showcase for Starlink to investors.
“We’re in this weird early part of the history of space-delivered communications where SpaceX is the only true provider at this scale,” said John Plumb, the former Pentagon space policy chief under President Joe Biden.
“And these repressive regimes think they can still turn off communications, but I think the day is coming where that’s just not possible,” he said.
Victoria Samson, chief director of space security and stability at the think tank Secure World Foundation, said Russia, which has deployed an array of technologies to counter Starlink in Ukraine, might be keen to examine the effectiveness of Iran’s Starlink interference.
“I think a lot of actors are watching how Starlink fares here,” she said.
Thousands of people protesting Iran’s clerical rule are reported to have been killed in the past week, while Tehran’s order to restrict communications makes it difficult to discern the full extent of its violent crackdown on dissent.
Starlink, which is harder for Iran to tamper with than cable and cellphone tower networks, has become crucial for documenting events on the ground, read the report.
Raha Bahreini, an Iran researcher at Amnesty International, said they had verified dozens of videos from Iran, including footage of protesters killed or injured by Iranian forces, and believe that almost all of them came from people who had access to Starlink. She added, however, that the ongoing communications restrictions have impeded human rights organizations’ communications with people in Iran in efforts to assess the scale of the violence.
Starlink is banned in Iran, yet tens of thousands of terminals may have been smuggled into the country, although it remains unclear how many are in use, according to Holistic Resilience, a U.S. nonprofit that has helped deliver Starlink terminals to Iranians and says it is working with SpaceX to monitor what it describes as Iranian attempts to jam the system.
Consumer Starlink terminals are rectangular antenna dishes that come in two sizes – one roughly the size of a pizza box and a smaller “mobile” one the size of a laptop.
SpaceX did not respond to requests for comment.
The Iranian mission to the United Nations in New York declined to comment on Thursday in response to Reuters’ questions.
Iranian Foreign Minister Abbas Araqchi, speaking to Al Jazeera TV on Monday, said the internet had been cut off “after we confronted terrorist operations and realized orders were coming from outside the country.”
Starlink, the first massive internet-from-space constellation of its kind, has emerged as a crucial tool for communications in wartime and remote areas. The network, which drove SpaceX’s $15 billion revenue in 2024, has expanded the geopolitical power of Musk, who in 2022 asserted control over how and where it was being used by Ukrainian troops fighting back Russian forces.
Roughly 10,000 low-orbiting Starlink satellites zipping above user terminals at an orbital velocity of some 17,000 miles per hour (27,360 kph) make its signals much harder to locate and disrupt than traditional satellite systems designed with a larger, single satellite fixed over a given territory.
Iran is likely using satellite jammers to disrupt the Starlink signals, according to Holistic Resilience and other specialists. Iran also appears to be engaging in so-called spoofing, or broadcasting fake GPS signals to confuse and disable Starlink terminals, according to Nariman Gharib, an Iranian opposition activist and independent cyber espionage investigator based in Britain, Reuters reported.
The GPS spoofing wreaks havoc on a Starlink terminal’s connection and slows internet speeds, said Gharib, who analyzed data from a terminal inside Iran.
“You might be able to send text messages, but forget about video calls,” he said.
Though Starlink is not licensed to operate in Iran, Musk has repeatedly confirmed its presence on his social media platform X, spurring a yearslong effort by the Iranian government to counter the service. Amid protests over the death of Mahsa Amini in December 2022, Musk posted that nearly 100 Starlink terminals were active in the country.
Following the 12-day war between Iran and Israel in June, Iran’s parliament passed a law banning the use of Starlink, introducing severe penalties for those who use or distribute the unlicensed technology, according to Iranian state media.
Iran has also pursued diplomatic channels, urging a panel at the United Nations’ International Telecommunication Union last year to force the United States and Norway — where Starlink is internationally registered — to block the service.
At a July meeting, Iran told the board that Starlink’s use in the country is illegal and said an “invading country” had deployed its terminals on drones during a recent attack.
Iran told the board in November that it was struggling to locate and disable the terminals itself.
Science & Technology
Indian rocket launch loses control after liftoff in fresh blow to ISRO
An Indian rocket carrying 16 loads of equipment and experiments including an earth surveillance satellite went off track after liftoff on Monday in a fresh setback to the workhorse launch vehicle of the Indian Space Research Organisation.
It was a second disappointment for the Polar Satellite Launch Vehicle in about eight months, denting its reputation for reliability, with a more than 90% success rate over about 60 past missions, Reuters reported.
The PSLV-C62 lifted off from the Satish Dhawan Space Centre on the island of Sriharikota at 10:18 a.m. (04488 GMT) carrying the EOS-N1 observation satellite and 15 other payloads developed by startups and academic institutions in India and abroad.
The ISRO’s mission control said the rocket performed normally for most of the flight before an unexpected disturbance and deviation from its path.
“The PSLV-C62 mission encountered an anomaly during the end of the PS3 stage. A detailed analysis has been initiated,” ISRO said in a statement, without giving further details on what had gone wrong or where the rocket ended up.
The PSLV has been central to India’s space programme, having launched missions such as Chandrayaan-1 and the Aditya-L1 solar observatory. It also underpins India’s push to open space manufacturing to private industry.
Science & Technology
EU considers making WhatsApp more responsible for tackling harmful content, spokesperson says
WhatsApp was not immediately available to comment.
Meta Platform’s messaging unit WhatsApp will likely be subject to tough online content rules targeting illegal and harmful content after it met the user threshold under this regulation, a European Commission spokesperson said on Friday.
WhatsApp had about 51.7 million average monthly active users of its WhatsApp Channels in the European Union in the first six months of 2025, above the 45-million-user threshold set out in the Digital Services Act (DSA), Reuters reported.
The DSA requires such large platforms to do more to tackle illegal and harmful content. Meta’s Facebook and Instagram, Google’s YouTube, TikTok, Temu and Microsoft’s Linkedin are some of the companies labelled as very large online platforms under the DSA subject to this requirement.
“So the objective for the Commission here is to check what is actually private messaging which doesn’t fall under the scope of the DSA and what are open channels that act more as a social media platform, this falls under the scope of the DSA,” Commission spokesperson Thomas Regnier told a daily news briefing.
“So here we would indeed designate potentially WhatsApp for WhatsApp channels and I can confirm that the Commission is actively looking into it and I wouldn’t exclude a future designation,” he said.
WhatsApp was not immediately available to comment.
Companies risk fines of as much as 6% of their global annual revenue for DSA violations.
-
Sport5 days agoAFC Futsal Asian Cup: Afghanistan to face Iran in crucial Group D clash
-
Sport4 days agoAFC Futsal Asian Cup 2026: Final eight confirmed
-
Sport4 days agoAfghanistan in new kit for T20 World Cup warm-up against Scotland
-
Sport5 days agoIran see off spirited Afghanistan to finish top of Group D
-
Sport3 days agoJapan trumps Afghanistan 6-0 in AFC Futsal Asian Cup quarter-final
-
Sport2 days agoHosts and heavyweights advance as AFC Futsal Asian Cup reaches semifinals
-
Regional5 days agoGas leak caused blast in Iran’s Bandar Abbas, Iranian media say
-
International Sports4 days agoPakistan to boycott T20 World Cup group match against India
