Finance Minister Muhammad Aurangzeb on Saturday reaffirmed the government’s commitment to creating a favorable environment for the growth and development of digital investment in the country.
Speaking at an event in Islamabad, the finance czar emphasized the importance of collaboration among the public and private sectors, as well as academic institutions, to accelerate digital transformation. He assured that the government would provide all possible support, along with an enabling environment and ecosystem, to promote digital and virtual assets and harmonize the local economy with international best practices.
To foster digital investment, Senator Aurangzeb highlighted several government initiatives, including the establishment of the Pakistan Crypto Council (PCC) and the Pakistan Virtual Asset Regulatory Authority. The finance minister further informed that the Authority’s inaugural meeting was scheduled for August 25 to discuss key agenda items such as regulatory frameworks, transparency, and operational efficiency in the digital and virtual asset space.
He also noted that a draft bill related to digital investment and virtual assets was being submitted to the Senate Standing Committee on Finance. Following the Senate’s review, the bill will be presented to the National Assembly for further deliberation and approval, he added.
The finance minister underlined the need to adopt global best practices and successful models from other countries, describing digital assets as “better, cheaper, and faster.” He revealed that approximately 10% to 15% of the local population was already engaged in digital investment and emphasized the need to align national economic priorities with emerging technological trends.
“The trend of digital investment is growing, and it is essential to ensure transparency and set clear priorities to create a conducive digital ecosystem for the development and growth of the national economy,” the minister remarked.
He also highlighted the country’s improving economic trajectory, expressing optimism about achieving inclusive and sustainable growth. He stated that the government was determined to provide a supportive environment for both local and foreign investors to foster economic growth. “Events like this contribute to creating a robust and future-ready investment ecosystem that benefits local investors and strengthens our financial infrastructure,” he added. The minister reaffirmed the government’s resolve to support innovation while maintaining financial stability and regulatory compliance.
