Aurangzeb, PDA chief discuss digital transformation

Federal Finance and Revenue Minister Senator Muhammad Aurangzeb met Dr Sohail Munir, chairperson of the Pakistan Digital Authority, to review digital transformation and digital finance, according to Business Recorder. The two sides looked at how technology could make finance easier to reach and bolster economic activity. Aurangzeb said existing frameworks must keep pace with new technologies and emerging business models.

Discussion centred on simplifying customer onboarding, strengthening data sharing and deepening links between banks and capital markets. Officials also talked about wider participation in the stock market through digital platforms and quicker account opening. Tokenisation of real estate and other investment assets was another item on the agenda, with the need for a proper framework stressed.

The minister also raised better use of government data, including through technology and AI, for policy planning and decisions. He stressed that digital infrastructure projects should be practical, scalable and aligned with national digital transformation goals. The meeting ended with a call for continued coordination with stakeholders to build Pakistan's digital economy.