Islamabad, May 1, 2026: Prime Minister Shehbaz Sharif on Friday directed authorities to make an effective and internationally aligned regulatory system for virtual assets fully operational at the earliest.
The directive came during a meeting with Bilal bin Saqib, Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), in Islamabad.
The prime minister emphasized that a robust regulatory framework for virtual assets is essential to promote Pakistan’s digital economy and enhance investor confidence. He instructed relevant authorities to ensure that the system aligns with international standards and is implemented without delay.
Shehbaz Sharif also stressed the need for special initiatives to train youth in modern technologies, particularly artificial intelligence and digital finance. He noted that equipping the workforce with future-ready skills is critical to meeting the evolving demands of the global economy.
During the meeting, Bilal bin Saqib briefed the prime minister on the transition of PVARA into a fully functional regulatory authority. He also highlighted the launch of a regulatory sandbox aimed at fostering innovation in emerging financial technologies.
The briefing revealed that new advancements are being introduced in areas such as AI-powered payments and regulated virtual asset services. It further noted that efforts are underway to prepare national institutions, workforce capabilities, and regulatory frameworks for the next phase of economic transformation.
The government’s push for a comprehensive virtual assets regulatory system reflects its broader strategy to strengthen digital finance, encourage innovation, and position Pakistan as a competitive player in the global digital economy.