Govt working to build structured digital assets ecosystem

September 01, 2026 (MLN): The government is working to build a responsible, transparent, and well-structured digital assets ecosystem that supports innovation while maintaining appropriate safeguards.

Chairman, Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and briefed him on his recent visit to Hong Kong, where he held constructive engagements with policymakers and institutions including the Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority, and the Securities and Futures Commission.

The discussions centred on knowledge-sharing and successful use cases relevant to Pakistan, according to a press release issued.

The discussion focused on emerging opportunities in the virtual assets and digital finance space, including the potential application of blockchain and tokenization technologies in financial markets.

The meeting also touched upon international practices relating to digital assets, stablecoins, compliance frameworks, and digital financial infrastructure.

The PVARA Chairman shared key insights and use cases from the Hong Kong engagement, highlighting their relevance and potential applicability to Pakistan's virtual assets landscape, along with perspectives on digital financial products, tokenization, and possible areas for institutional cooperation.

The finance minister welcomed the briefing and reiterated the importance of a well-structured digital assets framework, while Senator Aurangzeb appreciated the efforts made to engage with international policymakers and stressed the need to build on these engagements to identify practical use cases and opportunities that can advance Pakistan's digital financial ecosystem.

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