Govt considers tokenising Pakistan's Eurobond debt as digital asset framework takes shape

Pakistan is examining whether its outstanding Eurobond debt could be represented through digital tokens, Finance Minister Senator Muhammad Aurangzeb said at a banking and digital-assets dialogue. He urged banks to use financial technology while keeping safeguards and limits on virtual-asset exposure in place.

Aurangzeb said the Virtual Assets Act 2026 provides a legal foundation, with the Pakistan Virtual Assets Regulatory Authority responsible for licensing and oversight. The SBP has allowed banks to serve licensed virtual-asset businesses under conditions including due diligence and separation of client funds, while banks remain barred from holding or trading virtual assets with their own money or customer deposits.

The minister also pointed to remittances, including flows connected with Roshan Digital Accounts, as a possible use for tokenisation. Workers' remittances reached $41.6 billion in the previous fiscal year, while first-quarter trends suggested annual receipts could top $44 billion.