LAHORE: Prime Minister Shehbaz Sharif on Friday directed authorities concerned to make the regulatory framework for the virtual assets sector fully operational at the earliest, aiming to strengthen Pakistan’s digital economy and enhance investor confidence.
Chairing a meeting with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, the PM stressed that the system must be made effective and aligned with international standards to support sustainable growth in the sector. He also underscored the importance of equipping the country’s youth with skills in emerging technologies, particularly artificial intelligence and digital finance, to ensure the workforce meets future economic demands.
During the meeting, Bilal bin Saqib briefed the PM on the transition of PVARA into a fully functional regulatory body and the launch of its regulatory sandbox. He said the initiative is introducing innovation in areas such as AI-powered payments and regulated virtual asset services. The briefing further highlighted ongoing efforts to prepare national institutions, human capital, and regulatory structures for the next phase of economic transformation driven by digital technologies.
