Finance Minister Muhammad Aurangzeb emphasized the necessity of establishing a well-regulated digital asset framework that complies with international standards and the Financial Action Task Force (FATF) guidelines. Speaking during a high-level meeting on digital assets on Tuesday, the minister highlighted the importance of transparency, financial security, and economic stability in this evolving space.
The meeting, attended by foreign delegates including advisors to President Trump on digital assets, as well as senior Pakistani officials such as Minister of State for Information Technology Shaza Fatima Khawaja and the governor of the State Bank, explored the global rise of cryptocurrency, regulatory frameworks, and the role of blockchain technology in modernizing Pakistan’s financial sector.
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Aurangzeb reiterated the government’s commitment to exploring digital assets and integrating blockchain technology as a strategy to boost efficiency in the financial sector. Discussions also covered the tokenization of state-owned enterprises and infrastructure, which could unlock greater liquidity and broaden investor participation in Pakistan’s capital markets.
Participants noted that while Pakistan has over 20 million active digital asset users, many face difficulties due to high transaction fees and a lack of regulation. The finance minister stressed his commitment to creating a conducive regulatory environment, ensuring transparency, and supporting the digital business ecosystem through appropriate laws and incentives.
