Aurangzeb outlines vision for virtual assets

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Thursday outlined the government’s perspective on the growing scale of virtual asset activity, emphasizing the need to bring such activity within a regulated framework to address risk management, compliance requirements, and consumer protection, while simultaneously fostering innovation in emerging financial technologies. The minister met a delegation comprising Douglas Feagin, President of the Ant International and Senior Vice President of the Ant Group; Irfan Wahab Khan, Chairman of the Easypaisa Digital Bank; and Jehanzeb Khan, President and Chief Executive Officer of the Easypaisa Digital Bank. The meeting focused on accelerating Pakistan’s transition towards a cashless and digitally enabled economy, with particular emphasis on expanding financial inclusion, strengthening digital payments, and leveraging technology to widen access to formal financial services for individuals and small businesses across the country.