PVARA chief briefs Aurangzeb about engagements in HK

Bilal Bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), met Finance and Revenue Minister Senator Muhammad Aurangzeb on Tuesday to report on his recent trip to Hong Kong. According to Business Recorder, the PVARA head outlined his talks with officials from the Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority and the Securities and Futures Commission. The exchanges centred on knowledge sharing and proven use cases that could be relevant to Pakistan.

Talks covered opportunities in the virtual asset and digital finance space, among them the possible use of blockchain and tokenisation in financial markets. The meeting also covered international practice on digital assets, stable-value tokens, compliance rules and the infrastructure behind digital finance.

Finance Minister Aurangzeb welcomed the briefing and stressed the value of building a responsible, transparent and well-organised framework for digital assets. He said such a system should encourage innovation while keeping suitable safeguards in place.