By Irfan Siddiqui
Lahore, May 1, 2026 — Prime Minister Shehbaz Sharif has directed authorities to expedite the implementation of a comprehensive and globally aligned regulatory framework for virtual assets, aiming to strengthen Pakistan’s digital economy and enhance investor confidence.
The directive came during a meeting with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority, Bilal Bin Saqib, where key developments in the country’s evolving digital finance landscape were discussed.
The prime minister emphasized that a robust and transparent regulatory system is essential to attract both domestic and foreign investment. He stressed that timely reforms in the virtual assets sector would position Pakistan competitively in the global digital economy, while also ensuring financial security and innovation.
Highlighting the importance of human capital, Shehbaz Sharif called for targeted initiatives to train young people in emerging technologies, particularly artificial intelligence and digital finance. He noted that equipping the youth with modern skills is critical to preparing the workforce for future economic challenges and opportunities.
During the meeting, Bilal Bin Saqib briefed the prime minister on the progress made in transforming the authority into a fully operational regulatory body. He also shared updates on the launch of a regulatory sandbox, which will allow companies to test innovative financial solutions within a controlled environment.
According to the briefing, efforts are underway to introduce innovations such as AI-driven payment systems and regulated virtual asset services. These developments are expected to modernize Pakistan’s financial infrastructure and promote a secure, efficient, and transparent digital marketplace.
Officials further informed the prime minister that preparations are ongoing to equip national institutions and the workforce for the next wave of economic transformation. The focus remains on building a strong regulatory framework that supports innovation while safeguarding consumer interests.
Bilal Bin Saqib reiterated the authority’s commitment to aligning Pakistan’s regulatory standards with global benchmarks. He noted that collaboration with stakeholders is key to developing a balanced system that encourages technological advancement without compromising financial stability.
The meeting concluded with a reaffirmation of the government’s commitment to digital transformation as a cornerstone of Pakistan’s economic strategy. Prime Minister Shehbaz Sharif stated that the rapid operationalization of the virtual assets regulatory system would play a vital role in shaping the country’s future economic direction.
