Prime Minister Shehbaz Sharif has called for the fast legalization of cryptocurrency in Pakistan. He directed officials to fully activate the regulatory framework for virtual assets as soon as possible. This step aims to bring the growing digital economy under proper rules and boost investor confidence.
The government recently passed the Virtual Assets Act 2026. This law created the Pakistan Virtual Assets Regulatory Authority (PVARA). The new body will handle licensing, supervision, and compliance for crypto businesses. It will follow international standards to prevent money laundering and protect users. Banks can now work with licensed crypto firms under strict rules.
PM Shehbaz met with PVARA Chairman Bilal Bin Saqib and stressed the need for quick action. He believes regulated crypto will reduce transaction costs, support financial inclusion, and attract foreign investment. Pakistan has many young people using digital currencies, especially freelancers. Formal rules can turn this into a big economic opportunity.
Along with crypto reforms, the government is focusing on youth training in artificial intelligence and digital skills. This will prepare the workforce for future jobs and support long-term growth.
Experts say this move can help Pakistan tap into a large digital remittance market. It shows the country’s shift from banning crypto to regulating it carefully. With clear laws, Pakistan hopes to become more competitive in modern finance while keeping the system safe and transparent.
