Finance Minister Muhammad Aurangzeb says Pakistan needs financial innovation that can reduce the cost of doing business and bring more people into the formal economy. He was virtually addressing a dialogue on Digital Assets and the Future of Banking, organised by Pakistan Banks’ Association today. The Finance Minister said digital assets must earn their place in the financial system by contributing to these economic objectives. Muhammad Aurangzeb said Pakistan is moving from macroeconomic stability towards sustainable growth, which requires continued fiscal discipline, stronger exports and increased private investment. He said that the country also needs a financial system that serves businesses more efficiently, emphasizing that digital innovation should support these priorities and deliver tangible results. Muhammad Aurangzeb said Pakistan has established a statutory framework through the Virtual Assets Act 2026. He said the next step is to ensure its effective implementation through capable supervision and stronger coordination among institutions. He stressed that emerging technologies must address real economic needs while remaining backed by strong safeguards. The Finance Minister also said the government is reviewing the tokenization of existing Eurobond debt. He said we are looking forward to the cabinet approval before issuing a Request for Bids (RFB) on this front.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finance Minister Muhammad Aurangzeb says Pakistan needs financial innovation that can reduce the cost of doing business and bring more people into the formal economy….<\/p>\n","protected":false},"author":1,"featured_media":33744,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-33743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/33743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33743"}],"version-history":[{"count":0,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/33743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/media\/33744"}],"wp:attachment":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}