The Securities and Exchange Commission of Pakistan (SECP) has issued requirements for undertaking Digital Asset Management Services (DAMS) by Digital Asset Management Companies (Digital AMCs). The SECP has issued S.R.O. 1438(I)/2025 to amend the Non-Banking Finance Companies and Notified Entities Regulations, 2008. According to the regulations, a “Digital Platform” means a tool, application, software, or […]
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. […]
The Pakistan Virtual Assets Regulatory Authority (PVARA) held its first board meeting today in Islamabad, marking a major step in Pakistan’s journey toward embracing blockchain, virtual assets, and the digital economy. The Board approved the creation of a complaint portal, developed in collaboration with the National Cyber Crime Investigation Agency (NCCIA), to address concerns related […]
In a major step towards digitisation, the State Bank of Pakistan (SBP) is working with Soramitsu, a Japanese blockchain technology developer, to pilot a central bank digital currency (CBDC) in the country this year, reported Nikkei Asia on Tuesday. As per the report, the digital Pakistani rupee pilot will be run on Soramitsu’s CBDC platform with funding […]
Allied Bank, one of Pakistan’s leading commercial banks, has signed a Memorandum of Understanding (MoU) at Lahore University of Management Sciences (LUMS) with the Center for Digital Asset Research (CeDAR). This strategic partnership aims to drive innovation in blockchain technologies, explore digital asset use cases, and foster talent development in Pakistan. The MoU was formalized […]
Minister of State for Crypto and Blockchain Bilal bin Saqib met with Executive Director of President Trump’s Council on Digital Assets, Robert Bo Hines. The two discussed the global coordination of crypto policy and Pakistan’s ambitious plans to become a regional hub for Web3 innovation, as per a press release. This dialogue follows the minister’s visit […]