Prime Minister Shehbaz Sharif has called for the regulatory system in the virtual assets sector to be made fully operational at the earliest.
According to details surfaced on Friday, the prime minister was speaking during a meeting with Minister of State and the Pakistan Virtual Assets Regulatory Authority (PVARA) chairman, Bilal Bin Saqib.
He directed that an effective regulatory framework, aligned with international standards, be implemented promptly to promote the digital economy in Pakistan and to strengthen investor confidence.
The prime minister said that special measures should be undertaken to provide training to the youth in modern technology, particularly in the fields of artificial intelligence and digital finance, so that the national workforce may meet future requirements.
Bilal Bin Saqib briefed the prime minister on the transition of the PVARA into an operational regulator and on the inauguration of a regulatory sandbox.
The briefing noted that innovation is under way in areas such as AI-driven payments and regulated virtual asset services. It was said that work continues on the development of national institutions, human resources and a regulatory framework for the next phase of economic transformation.
