FM advances blockchain, climate action at UN events

Mettis Global reported that Finance Minister Muhammad Aurangzeb used events in New York to outline Pakistan's push to build a regulated framework for virtual assets. Speaking at a United Nations Digital Cooperation Day session, he argued that blockchain and tokenization should serve practical economic needs such as cheaper remittances, SME financing, sovereign debt management and wider access to financial services. The minister added that private innovation in these technologies requires strong state safeguards, inclusive digital infrastructure and closer international cooperation.

On climate, Aurangzeb backed the COP31 Action Agenda at its launch, saying it aligns with Pakistan's national climate priorities and its Nationally Determined Contribution 3.0. He pointed to the country's exposure to climate risks and listed focus areas including clean energy, renewable development, energy-efficient buildings and food security. He also welcomed a proposed Climate Implementation Bridge, saying the central task is now execution rather than planning.