Islamabad: Chairman Pakistan Virtual Assets Regulatory Authority and Minister of State Bilal Bin Saqib has urged industry representatives to deepen their investment in Pakistan across artificial intelligence, robotics, and blockchain. He made this appeal during a briefing held in Islamabad, attended by key figures from Pakistan's digital assets sector, including founders, chief executives, technologists, and financial innovators.

According to Radio Pakistan, Bilal Bin Saqib highlighted the substantial financial inflow into the country, noting that Pakistan receives 38.3 billion dollars in remittances annually, yet has over 100 million adults outside the formal financial system. He emphasized that virtual assets should not be viewed merely as a peripheral technology story but as a core infrastructure component. PVARA, he stated, aims to serve as a collaborative partner to the industry rather than a distant regulator.

Furthermore, Bilal Bin Saqib announced the establishment of a formal industry consultative group under PVARA. This group will consist of leading practitioners who will work with the authority to develop Pakistan's virtual asset regulatory framework. As the digital assets market in Pakistan enters a new era, the presence of a credible regulator, a clear legal framework, and an industry poised for growth are key factors driving this transformation.