PM Shehbaz directs early rollout of global-standard virtual assets regulatory system

Prime Minister Shehbaz Sharif on Friday directed authorities to ensure the early and full operationalization of a robust, globally aligned regulatory framework for virtual assets, aiming to boost Pakistan’s digital economy and strengthen investor confidence, his office said.

Chairing a meeting with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority, Bilal Bin Saqib, the prime minister emphasized the need for swift progress in regulating the emerging sector.

He stressed that Pakistan must equip its workforce with modern skills, particularly in artificial intelligence and digital finance, to stay competitive in a rapidly evolving global economy.

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The prime minister called for targeted initiatives to train youth in these high-demand areas.

During the briefing, Bilal Bin Saqib informed the premier about the authority’s transition into a fully operational regulator and the launch of a regulatory sandbox designed to test innovative financial technologies in a controlled environment.

Officials highlighted that innovation is being introduced in areas such as AI-powered payments and regulated virtual asset services, while preparations are underway to align national institutions, workforce capabilities, and regulatory structures with the next wave of economic transformation.

The development reflects Pakistan’s broader push to integrate digital finance and emerging technologies into its economic framework while ensuring oversight and compliance with international standards.