Pakistan, UAE Discuss Asset Tokenization Framework
The Pakistan Virtual Assets Regulatory Authority (PVARA) has held a high-level meeting with a senior delegation from the United Arab Emirates to advance the national agenda on real-world asset tokenization.
The meeting took place at the Prime Minister’s Office and was attended by top leadership from the UAE’s DAMAC Group and its DFSA-regulated real estate fintech platform, PRYPCO.
Discussions focused on promoting the tokenization of real estate, government-owned assets, and future debt instruments under a structured regulatory framework. The session was chaired by PVARA Chairman Bilal Bin Saqib, with senior officials of the authority also in attendance.
Participants emphasized the use of tokenization as a strategic economic tool to unlock dormant assets, attract foreign and diaspora investment, and enhance financial transparency without creating additional fiscal pressure. PVARA also briefed the delegation on Pakistan’s emerging virtual assets regulatory framework, designed to support innovation while ensuring strong governance, investor protection, and market transparency.
UAE Ambassador to Pakistan Salem Mohammed Al Zaabi also attended the meeting, reflecting growing bilateral cooperation in regulated digital finance and cross-border investment.
Speaking on the occasion, Bilal Bin Saqib said Pakistan views tokenization not as a niche financial concept but as a national economic enabler. He noted that while real estate is a natural starting point, Pakistan’s broader vision includes government assets and future debt instruments, all within a robust regulatory framework to build investor confidence and long-term credibility.
