Lahore: The Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, has reaffirmed his commitment to strengthening the regulation of the digital assets market in Pakistan. Speaking at a leadership summit on blockchain and digital assets, Saqib emphasized the role of this sector as a potential driver of the national economy under the guidance of Prime Minister Muhammad Shahbaz Sharif.

According to Radio Pakistan, Saqib outlined the government’s plan to transition the digital assets market from the informal economy to a transparent and documented system. He highlighted the transformative potential of blockchain and digital technologies in areas such as the financial sector, governance, and supply chain management.

The chairman detailed the government’s ongoing efforts to foster an ecosystem conducive to innovation and research, aiming to leverage modern digital technology for national benefit. He emphasized the importance of equipping Pakistan’s youth with digital skills to enhance their competitiveness in the global market.

Saqib also called on the industry to boost investment in emerging fields like artificial intelligence, robotics, and blockchain, promising comprehensive support to investors willing to explore these opportunities.