ISLAMABAD: Askari Bank hosted Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) and Minister of State Bilal Bin Saqib at its Head Office for a strategic dialogue with the Bank’s President and CEO, Zia Ijaz. The meeting marked an important step toward strengthening collaboration between the banking sector and Pakistan’s virtual assets ecosystem. Banking infrastructure for […]
Pakistan’s lower house of parliament approved legislation to regulate digital assets, paving the way for the creation of a dedicated watchdog to oversee the country’s virtual currency market. The National Assembly passed the “Virtual Assets Bill, 2026,” after the Senate cleared the legislation on February 27. The bill will now be sent to President Asif […]
Pakistan has taken a major step toward regulating digital finance after the Standing Committee on the Cabinet Secretariat of the Senate on Wednesday unanimously approved the Virtual Assets Bill 2025 to bring virtual assets within the country’s formal legal and regulatory framework. The move seeks to strengthen investor protection, enhance transparency, and ensure effective oversight […]
Islamabad: Pakistan has taken another step toward strengthening its digital finance ecosystem as the Ministry of Finance signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to collaborate on emerging digital payment architectures, including the potential use of the firm’s USD1 stablecoin for cross-border transactions. The […]
Islamabad: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday held discussions on key developments related to digital assets, including adoption frameworks, Central Bank Digital Currency (CBDC) implementation, and Pakistan’s broader regulatory roadmap for the digital asset ecosystem. In a statement shared on […]
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has welcomed successful negotiations with the US Administration leading to a tariff deal. He expressed these sentiments during a meeting Robert Kaproth, Assistant US Treasury Secretary for International Finance and Counselor Jonathan Greenstein here in Washington DC, where he has arrived to attend the annual […]
Minister of State for Crypto and Blockchain meets White House advisor to discuss collaboration on digital assets and technology innovation. Minister of State for Crypto and Blockchain, Bilal bin Saqib, met with President Trump’s crypto advisor, Patrick Witt, at the White House to explore ways to strengthen cooperation between Pakistan and the United States in […]
ISLAMABAD – The Pakistan Virtual Asset Regulatory Authority (PVARA) has invited expressions of interest (EoI) from leading global exchanges and virtual asset service providers (VASPs) to participate in Pakistan’s digital economy, according to a statement issued by the Finance Division on Saturday. The announcement follows PVARA’s inaugural board meeting last month, where it discussed lifting […]
ISLAMABAD: The State Bank of Pakistan (SBP) has agreed in principle to legalise digital currencies, with a formal regulatory framework currently being developed. This was disclosed by Acting Deputy Governor Dr. Inayat Hussain during a briefing to the Senate Standing Committee on Finance and Revenue on Wednesday. The meeting, chaired by Senator Saleem Mandviwalla, discussed […]
Islamabad, September 3 — The Senate Standing Committee on Finance and Revenue has recommended placing the proposed Virtual Assets Authority under the Finance Division instead of the Cabinet Division, citing the specialized nature of its functions. The recommendation came during a committee meeting held at the Parliament House on Wednesday, chaired by Senator Saleem Mandviwalla. […]