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Islamabad: Finance Minister Muhammad Aurangzeb says strengthening cyber-security is essential not only to protect financial infrastructure, but also to support Pakistan’s broader digital transformation and economic development objectives. He was chairing a virtual meeting with Presidents and Chief Executive Officers of commercial banks, along with their Chief Information Security Officers today.
According to Radio Pakistan, the Finance Minister underscored the importance of adopting a structured and phased approach for cyber security, focusing on immediate risk mitigation, medium-term capacity building, and long-term resilience. The meeting centered on enhancing cyber-security preparedness across Pakistan’s financial sector in light of emerging technological risks and evolving threat dynamics.
Finance Minister urged the State Bank and Pakistan Banks’ Association to undertake a comprehensive review of existing frameworks, identify key gaps, and assess all relevant aspects of cyber risk management and institutional preparedness. He further emphasized the need for close coordination among relevant departments to develop well-considered, actionable recommendations to strengthen the cyber-security posture of the banking sector.
The meeting emphasized the importance of translating policy intent into effective implementation through enhanced coordination and clearly defined institutional responsibilities. The meeting also reflected Pakistan’s active engagement in the evolving global discourse on cyber-security, financial stability, and the responsible adoption of emerging technologies in the financial sector.