The Government of Pakistan is considering the tokenization of sovereign bonds and Naya Pakistan Certificates as part of broader efforts to modernize the financial system and expand digital investment access for overseas Pakistanis and global investors.
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Federal Minister for Finance Muhammad Aurangzeb held a meeting with Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib to discuss blockchain-based investment models and the digitization of sovereign debt instruments.
According to the Ministry of Finance, the proposed initiative aims to provide international investors with digital access to Naya Pakistan Certificates while simplifying and increasing transparency in the investment process for overseas Pakistanis.
Officials also discussed the development of a digital bond framework aligned with international financial standards to strengthen investor confidence and widen participation.
The meeting reviewed the performance of the Roshan Digital Account initiative, which has attracted more than $13 billion in investments, and explored how blockchain infrastructure could support modernization of Pakistan’s capital markets.
The ministry said the State Bank of Pakistan, Ministry of Finance, and PVARA would continue coordination on the initiative as technical and regulatory consultations move forward.
Aurangzeb said Pakistan was working towards becoming a regional centre for responsible blockchain innovation, adding that tokenization could improve transparency, efficiency, and global accessibility for investment in Pakistani financial instruments.
Officials said discussions on sovereign asset tokenization were part of wider efforts to modernize the economy through emerging financial technologies.
