Pakistan plans to explore Eurobond tokenisation after cabinet approval: finance minister

Finance Minister Muhammad Aurangzeb said on Monday that Pakistan is considering putting its outstanding Eurobonds on blockchain, but proposals will be sought only after cabinet approval. Speaking to a Pakistan Banks’ Association and LUMS event, he also pointed to remittances as a possible application, noting receipts of $41.6 billion in the previous fiscal year and first-quarter flows that indicate a potential rise beyond $44 billion this year.

Aurangzeb said digital finance should be judged by its economic results and support for growth, while distinguishing bank deposits represented digitally from stablecoins and unbacked cryptoassets. The Virtual Assets Act 2026 has created a licensing and oversight framework, and the SBP allows conditional banking services for PVARA-licensed businesses, subject to checks; banks remain barred from using their own funds or customer deposits to hold or trade virtual assets. He also called for stronger attention to cybersecurity as financial services adopt new technology.