Finance Minister, PDA discuss capital market digitization, AI-driven data

Mettis Global reported, citing an official press release, that Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Dr Sohail Munir, chairperson of the Pakistan Digital Authority (PDA). The officials discussed how technology could widen access to finance and support economic activity. The government is pushing for a framework that gives legal recognition to electronic transactions and encourages digital processes in trade and finance.

Aurangzeb argued that existing frameworks must change alongside digital technology and new business models. The talks covered simplified customer onboarding, stronger data sharing and better interoperability between banks and capital markets. Officials also looked at easier account opening to draw more investors into the capital market through digital channels.

The two sides also reviewed data connectivity across government systems, including the use of AI, and discussed digital assets such as tokenization for real estate and other investments. Aurangzeb stressed that initiatives should be practical, scalable and linked to wider digital transformation goals, and that new technology should be adopted responsibly. Mettis Global also noted that he praised the work of the PDA.