AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore: Minister of State and Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal bin Saqib has reiterated his commitment to intensify efforts for regulating the digital assets market and make it the engine of the country’s economy. Addressing a leadership summit on the topic of Blockchain and Digital Assets in Lahore today, he said that under the vision of Prime Minister Muhammad Shahbaz Sharif, concrete steps are being taken to improve the digital assets market and regulating it.
According to Radio Pakistan, Bilal bin Saqib stated that blockchain and digital technologies can transform the financial sector, governance, and supply chains, while helping bring the digital assets market out of the gray economy into a transparent, documented system. Chairman PVARA highlighted government’s efforts to create an ecosystem that encourages innovation, research, and development, ensuring Pakistan benefits from modern digital technology.
He pointed out that equipping youth with digital skills to play an effective role in the global market is the need of the hour. Bilal bin Saqib also invited the industry to increase investment in artificial intelligence, robotics and blockchain and said that all possible cooperation will be provided to investors in this regard.