Finance Minister Muhammad Aurangzeb has reiterated the government’s firm resolve to cultivate a supportive environment for the expansion of digital investment in Pakistan. Addressing a gathering in Islamabad, the minister stressed that a collaborative effort between the public sector, private industry, and academic institutions is essential to drive the country’s digital transformation forward.
To translate this vision into action, Senator Aurangzeb detailed concrete steps being taken. He announced the formation of the Pakistan Crypto Council (PCC) and the pivotal Pakistan Virtual Asset Regulatory Authority. The Authority is scheduled to hold its first meeting on August 25, where it will address crucial agenda items such as establishing robust regulatory frameworks, ensuring transparency, and enhancing operational efficiency within the digital asset space. Furthermore, a draft bill governing digital investment and virtual assets is being presented to the Senate Standing Committee on Finance as a precursor to being tabled in the National Assembly.
The minister underscored the importance of adopting successful international models, labeling digital assets as instruments that are “better, cheaper, and faster.” He revealed that an estimated 10% to 15% of Pakistan’s population is already participating in some form of digital investment, highlighting the urgency to align national economic priorities with these emerging technological trends to ensure transparency and sustainable growth.
Concluding on an optimistic note, Aurangzeb pointed to the country’s improving economic indicators and reaffirmed the government’s determination to support innovation while steadfastly maintaining financial stability and regulatory compliance, thereby building a future-ready investment ecosystem.
