Islamabad: The Minister of Finance and Federal Revenue, Senator Mohamed Uranzib, on Tuesday, chaired a high -level meeting on digital assets.
The meeting was attended by foreign delegates, including President Trump’s advisers of digital assets. The Minister of State for Information and Communications Technology, Mrs. Shaza Fatima Khawaga, the ruling government bank, the financial maintenance, the Secretary and Communications also attended.
Participants discussed the global development of encrypted currencies, their increasing adoption, and the internationally implemented regulatory frameworks, in line with the policies of the US government. Delications focused on financial security, risk mitigating, and the potential impact of digital assets on the Pakistani economy.
Senator Mohamed Uranzib stressed the importance of a well -organized digital framework, Pakistan alignment with international best practices and compliance with the financial workplace guidance (FATF). He highlighted the government’s commitment to exploring digital assets and integrating Blockchain technology as part of its broader strategy to modernize the financial sector.
Discussions also included the main assets code of infrastructure and state -owned institutions (SOES), allowing increased liquidity, the participation of the wider investor, and greater efficiency in the capital markets. It has been observed that many stakeholders, including foreign and local investors, have already developed digital asset solutions ready for products that can be explored in a regulatory sand box.
Pakistan currently has more than 20 million active users in the digital asset market who face great challenges, including high transaction fees. The Minister of Finance again affirmed his commitment to organizing and encouraging this industry by adopting the appropriate frameworks, laws and incentives to ensure transparency and facilitate the growth of digital business.
The Minister of Finance has directed the stakeholders concerned to formulate a comprehensive framework that guarantees security, transparency, organizational compliance and economic survival with protection from financial crimes and illegal activities. He also stressed the need for a balanced approach – which encourages innovation and investment in digital assets while maintaining strict regulatory control in line with international standards.
To strengthen this initiative, the government will consider the establishment of a national encoding council, which will serve as a dedicated advisory body that includes major government representatives, organizational authorities and industry experts.
This encryption council will supervise the development of policy, deal with organizational challenges, and ensures that the ecosystem of digital assets in Pakistan is developing in a safe, compatible and sustainable way. The Council will also cooperate with friendly countries to develop uniform frameworks for international digital economic participation.
The meeting was unanimously concluded on adopting a cautious approach to appearance, which ensures that future developments in the area of digital assets are in line with national interests, FATF instructions, and international financial standards.
