Bilal bin Saqib terms tokenisation key to economic growth

WEB DESK: Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal bin Saqib on Friday said Pakistan is viewing tokenisation as a potential national economic catalyst, as consultations were held at the Prime Minister’s House on the use of virtual assets to unlock the value of idle resources.

The meeting brought together officials of the Pakistan Virtual Assets Regulatory Authority and a delegation from the United Arab Emirates to discuss the tokenisation of real estate, government-owned assets and debt instruments. Representatives of the UAE-based DAMAC Group and its regulated digital platform Prypco were also present.

UAE Ambassador to Pakistan Salem Mohammed Al Zaabi attended the meeting, stressing the growing cooperation between the two countries in emerging financial technologies.

Speaking on the occasion, Bilal bin Saqib said tokenisation could mark a major shift in Pakistan’s economic landscape by transforming underutilised assets into investable opportunities, thereby helping attract capital and improve market efficiency.

The discussions focused on exploring regulatory and technical frameworks to support tokenisation initiatives, with participants examining how digital asset structures could be applied across key sectors to spur investment and innovation.

Web Desk