ISLAMABAD: Pakistani officials and a high-level delegation from a UAE-based business group discussed cooperation in the tokenization of real-world assets, blockchain-based platforms and AI-driven solutions, the Finance Division said on Wednesday.
Pakistan has recently undertaken efforts to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Islamabad says it aims to regulate virtual assets to curb illicit transactions and facilitate innovation in blockchain-based financial services.
A high-level business delegation from the Dubai-based Sajwani Group, which owns the renowned real estate company DAMAC Properties, met Finance Minister Muhammad Aurangzeb in Islamabad.
"The visiting delegation expressed strong interest in partnering with the Government of Pakistan and offered technical expertise, advisory support and capacity building in areas such as tokenization of real-world assets, blockchain-based platforms, AI-driven solutions and modern digital infrastructure," the Finance Division said in a statement.
The Sajwani delegation highlighted global best practices and private-sector innovation that could support Pakistan in enhancing transparency, efficiency, investor access and financial inclusion. It said these practices would also align with the country’s legal and regulatory framework.
