The Federal Minister for Finance and Revenue paid his first official visit to the Pakistan Virtual Asset Regulatory Authority (PVARA) today, where he was briefed on the Authority’s ongoing work to establish Pakistan’s first regulatory framework for virtual assets.
During the meeting, the senior leadership of PVARA presented a detailed overview of the Authority’s mandate, policy direction, and progress on the development of a comprehensive governance structure for virtual assets. The briefing covered the Authority’s phased approach, designed to ensure that regulation in this sector is aligned with Pakistan’s national priorities, protects consumers, and supports financial stability.
The Finance Minister was updated on the Authority’s consultations with domestic and international stakeholders, the drafting of regulatory guidelines, and the measures being taken to ensure that Pakistan moves towards a clear and transparent virtual assets regime while adhering to all legal and procedural requirements.
The Minister appreciated the work done by the PVARA team since the Authority’s establishment and commended their commitment to progressing this important national mandate. He emphasised the need for timely implementation and acknowledged the significance of regulatory clarity for safeguarding Pakistan’s economic and financial interests.
The Finance Minister also instructed his office to promptly address and resolve any administrative issues or procedural bottlenecks faced by the Authority, reaffirming the government’s full support for PVARA’s work. He underscored that strengthening Pakistan’s regulatory institutions is essential for building confidence, attracting investment, and positioning Pakistan in step with global developments in the digital economy.
“This is an important national mandate, and we are building it from the ground up with a Pakistan-first approach,” Chairman Bilal Bin Saqib stated. “The Authority is fully committed to responsible innovation, strong safeguards, and regulatory clarity. The Minister’s guidance and support will accelerate our work and help position Pakistan responsibly in the evolving digital economy.”
A notable development for Pakistan’s global positioning in the virtual assets space is that the Chairman of PVARA is now part of the World Economic Forum’s Steering Committee on Digital Asset Regulations. This participation strengthens Pakistan’s presence in international policy discussions and signals growing recognition of the country’s role in shaping the global conversation on digital asset governance.
The visit concluded with a reiteration of the government’s commitment to responsible innovation, institutional strengthening, and ensuring that Pakistan’s approach to virtual assets remains transparent, secure, and fully compliant with national laws and international best practices.
