Pakistan is moving forward with a stronger push toward its digital economy as Prime Minister Shehbaz Sharif has directed authorities to accelerate the operationalisation of the virtual assets regulatory system. This initiative is designed to create a secure and transparent environment for virtual asset activities, while also boosting investor confidence through alignment with global standards.
The directive came during a key meeting in Lahore with Bilal Bin Saqib, who currently serves as Chairman of the Pakistan Virtual Assets Regulatory Authority. During the discussion, the prime minister emphasized the importance of preparing Pakistan’s workforce for the future by focusing on modern technologies. He highlighted the need for youth training in artificial intelligence and digital finance, ensuring that the country remains competitive in a rapidly evolving global economy.
Bilal Bin Saqib provided a detailed briefing on the transition of the regulatory authority into a fully functional body, outlining steps being taken to strengthen governance and oversight. He also shared updates about the launch of a regulatory sandbox, which will allow controlled testing of innovative financial solutions. This move is expected to encourage innovation in AI-powered payments and regulated digital asset services.
The broader vision includes preparing national institutions and frameworks to support the next phase of economic transformation. These developments indicate a shift toward integrating advanced financial technologies within Pakistan’s existing economic structure.
In a related development, the State Bank of Pakistan has permitted financial institutions to open accounts for licensed virtual asset service providers. This step follows the introduction of the Virtual Assets Act 2026, which formally establishes the regulatory authority responsible for overseeing the sector.
Together, these initiatives signal a major step toward a regulated and innovation-driven digital finance ecosystem in Pakistan.
