Prime Minister Shehbaz Sharif on Friday directed authorities to swiftly operationalise a comprehensive regulatory framework for virtual assets, aiming to boost investor confidence and accelerate the country’s digital economy. The directive came during a meeting with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, who briefed the premier on progress in transitioning the authority into a fully operational regulator and the launch of a regulatory sandbox. The prime minister stressed the need for a robust and effective oversight system in the virtual assets sector to support innovation while ensuring financial stability. He also called for targeted initiatives to equip youth with skills in emerging technologies, particularly artificial intelligence and digital finance, to align the workforce with future economic demands. During the briefing, officials highlighted ongoing efforts to introduce innovation in areas such as AI-driven payments and regulated virtual asset services, as part of broader preparations for the next wave of economic transformation.
PM orders fast-track rollout of virtual assets regulatory regime
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