Prime Minister Shahbaz Sharif on Friday directed that an effective regulatory system for virtual assets in line with international standards should be operationalised as soon as possible

The remarks came as PM Shehbaz met with State Minister and Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib in Lahore, according to a handout by the Prime Minister’s Office (PMO).

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The Pakistan Virtual Assets Regulatory Authority (PVARA) said on Monday that any agreement or pilot announced involving virtual assets required prior authorisation.

Earlier this month, the State Bank of Pakistan (SBP) had announced a significant policy change, legalising and encouraging the use of virtual assets through the enactment of the Virtual Assets Act 2026. Under the Act, PVARA is the…