Pakistan Explores Digital Bonds and Asset Tokenization as 75 Firms Seek Virtual Asset Licenses
Pakistan is taking new steps towards modernizing its financial sector by exploring digital bonds, asset tokenization and artificial intelligence (AI)-powered financial services in collaboration with the World Bank Group. The development comes as the country works to establish a regulated environment for virtual assets and attract both domestic and international businesses. According to the Pakistan […]
Pakistan Moves Closer to Full Crypto Licensing Framework
Pakistan is taking another major step toward bringing its virtual assets industry under a formal regulatory structure. The country is nearing the introduction of a comprehensive licensing system for Virtual Asset Service Providers (VASPs), a development that could significantly shape the future of the local crypto and digital-asset market. Bilal Bin Saqib, Minister of State […]
Pakistan Faces Mounting Financial Pressure Amid Rising Debt Obligations
Pakistan is once again grappling with financial strain as large external debt repayments begin to put pressure on its foreign exchange reserves. To manage this situation, the government is exploring fresh financing options, particularly from trusted partners like China and Saudi Arabia. Repayments Increase Urgency One of the most pressing challenges is the repayment of […]