Lahore/Islamabad : Prime Minister Shehbaz Sharif on Friday called for the immediate introduction of a comprehensive and internationally accepted regulatory system for virtual assets to encourage digital economic growth and enhance investor confidence in Pakistan.
The instructions were given during a meeting with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority, Bilal bin Saqib, where both sides reviewed recent advancements in the country’s financial technology and digital sectors.
During the discussion, the prime minister underlined the importance of preparing young people for future economic challenges by providing training in advanced technologies, especially artificial intelligence and digital finance.
Bilal bin Saqib informed the prime minister about progress being made to establish the Virtual Assets Regulatory Authority as a fully operational institution. He also shared details regarding the launch of a regulatory sandbox intended to support innovation and allow new financial technologies to be tested within a regulated environment.
The meeting also covered projects related to AI-based payment solutions and supervised virtual asset services. Officials further discussed efforts aimed at improving institutional systems, developing skilled manpower, and strengthening regulatory mechanisms to meet upcoming economic and technological transformations.
