ISLAMABAD: Finance Minister Muhammad Aurangzeb paid his inaugural official visit to the Pakistan Virtual Assets Regulatory Authority (PVARA) on Thursday, where he was briefed on the authority’s current regulatory strategies, policy goals, and governance efforts related to the country’s expanding virtual assets sector.
During the discussion, PVARA officials provided an update on the progress of establishing Pakistan’s virtual asset regulatory framework. The briefing outlined the phased regulatory approach under development and highlighted ongoing consultations with both local and international stakeholders.
Aurangzeb stressed the need for “transparent and resilient regulation” within the virtual assets industry, emphasizing that PVARA’s phased plan would be closely aligned with national development priorities. He also pointed out the importance of Pakistan keeping up with global standards as digital financial technologies continue to advance worldwide.“Building trust in this sector requires frameworks that are transparent, secure, and compliant with international norms,” the finance minister remarked, directing officials to eliminate any administrative obstacles hindering the regulatory implementation.
Bilal Bin Saqib, Chair of PVARA, reiterated that “responsible innovation and robust safeguards” are central to the authority’s mission to foster a secure environment for virtual asset activities in Pakistan.The officials also briefed the minister on Pakistan’s increasing involvement in global policy discussions, noting notable progress in aligning with international best practices for virtual asset oversight.
The Ministry of Finance reaffirmed its commitment to supporting PVARA in developing a regulatory environment that promotes innovation, ensures transparency, and protects investors.
