The Government of Pakistan is considering the tokenization of sovereign bonds and Naya Pakistan Certificates as part of efforts to modernize its financial system and expand digital access for global investors, particularly overseas Pakistanis.
Federal Minister for Finance Muhammad Aurangzeb held an important meeting with Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), to discuss new investment avenues through blockchain technology and the digitization of sovereign debt instruments.
According to the Ministry of Finance, the proposal includes providing digital access to Naya Pakistan Certificates for international investors and making the investment process easier and more transparent for overseas Pakistanis.
Officials discussed the possibility of developing a digital bond model compatible with the global financial system to ensure wider participation and confidence.
The meeting also reviewed the performance of the Roshan Digital Account, which has attracted over $13 billion in investment so far, and explored how blockchain infrastructure could further modernize Pakistan’s capital markets.
The Ministry said that the State Bank of Pakistan, the Ministry of Finance, and PVARA have agreed to continue close cooperation on the initiative. The finance minister noted that Pakistan is moving towards becoming a regional hub for responsible blockchain innovation and that tokenization could bring greater transparency, speed, and global reach to investment in Pakistani instruments.
Officials added that further technical and regulatory consultations on sovereign asset tokenization are underway as part of broader efforts to modernize the economy through emerging financial technologies.
