ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb instructed his office to promptly address and resolve any administrative issues or procedural bottlenecks faced by the Pakistan Virtual Asset Regulatory Authority (PVARA), reaffirming the government’s full support for the authority’s work.
The finance minister on Thursday paid his first official visit to the Pakistan Virtual Asset Regulatory Authority (PVARA), where he was briefed on the development of Pakistan’s inaugural regulatory framework for virtual assets.
According to a statement issued by the Ministry of Finance, PVARA’s senior leadership presented an overview of the Authority’s mandate, policy direction and progress on establishing a governance structure for virtual assets.
The briefing detailed a phased approach aimed at aligning regulation with national priorities, ensuring consumer protection and supporting financial stability.
Officials informed the minister about ongoing consultations with domestic and international stakeholders, the drafting of regulatory guidelines and steps being taken to move toward a transparent and compliant virtual assets regime.
Aurangzeb praised the work completed since PVARA’s establishment and stressed the importance of timely implementation. He said regulatory clarity is essential for safeguarding Pakistan’s economic and financial interests and instructed his office to resolve any administrative or procedural issues hindering the Authority’s operations. Strengthening regulatory institutions, he added, is critical for building confidence and attracting investment in the digital economy.
PVARA officials noted that the Authority is being developed with a “Pakistan-first” approach, focusing on responsible innovation, safeguards and clear rules for market participants. They said the minister’s support would help accelerate the rollout of the regulatory framework.
A significant development highlighted during the visit was the inclusion of PVARA’s chairman in the World Economic Forum’s Steering Committee on Digital Asset Regulations, strengthening Pakistan’s presence in global policy discussions on digital asset governance.
The meeting concluded with a reaffirmation of the government’s commitment to transparent and secure virtual asset regulation, institutional strengthening and adherence to national laws and international best practices.
