Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday and briefed him on his recent visit to Hong Kong and his engagements there. During the meeting, Bilal Bin Saqib briefed the finance minister on his constructive engagement with Hong Kong policymakers and relevant institutions, including the Financial Services and the Treasury Bureau, Hong Kong Monetary Authority and Securities and Futures Commission. The discussions focused on knowledge-sharing, experiences and successful use cases relevant to Pakistan.

The discussion focused on emerging opportunities in the virtual assets and digital finance ecosystem, including the potential application of blockchain and tokenisation technologies in financial markets. The meeting also covered international practices relating to digital assets, stablecoins, compliance frameworks and digital financial infrastructure.

The PVARA chairman briefed the finance minister on key insights and use cases discussed during his engagements with Hong Kong policymakers, highlighting their relevance and potential applicability to Pakistan's emerging virtual assets ecosystem.

The finance minister emphasised the importance of developing a responsible, transparent and well-structured digital assets ecosystem that supports innovation while maintaining appropriate safeguards. He appreciated efforts to engage with international policymakers and institutions and stressed the importance of building on these engagements to identify practical use cases and opportunities that could contribute to the development of Pakistan's digital financial ecosystem.