The government is considering the launch of blockchain-based investment instruments for overseas Pakistanis as part of broader efforts to modernize the country’s financial infrastructure and capital markets.
Finance Minister Muhammad Aurangzeb held discussions with Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib on the possible tokenization of sovereign bonds and Naya Pakistan Certificates.
According to the Finance Ministry, the meeting explored how blockchain technology could be integrated into sovereign debt instruments to improve investor participation and connect Pakistan’s financial markets with emerging global digital finance systems.
Officials discussed possible implementation models, regulatory structures, governance mechanisms, and international examples of issuing tokenized sovereign instruments within Pakistan’s evolving financial ecosystem.
The talks also examined globally adopted “Digitally Native Note” models, where sovereign bonds are issued on regulated blockchain platforms while remaining compatible with conventional international settlement systems used in Pakistan’s Eurobond framework.
Authorities also reviewed proposals to tokenize Naya Pakistan Certificates in order to make investment products more accessible to overseas Pakistanis and international retail investors through digital channels.
Officials noted that State Bank of Pakistan-backed Roshan Digital Accounts have generated nearly $13 billion in cumulative inflows since their launch in 2020, with a large portion of the funds utilized within Pakistan’s economy.
The government stated that the proposed digital investment framework is intended to broaden investor participation while ensuring full regulatory oversight.
Finance Minister Muhammad Aurangzeb said Pakistan remains committed to exploring forward-looking financial technologies that can improve accessibility, deepen market participation, and modernize capital markets.
Bilal Bin Saqib stated that tokenization could enable Pakistan to raise capital more efficiently while making sovereign investment products easier to access for overseas Pakistanis and international investors.
The Finance Ministry, Pakistan Virtual Assets Regulatory Authority, and the State Bank of Pakistan agreed to continue coordination on regulatory frameworks, international benchmarking, governance standards, and potential pilot structures related to sovereign asset tokenization initiatives.
