Pakistan has established the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee and regulate the country’s crypto sector. Pakistan’s federal government has launched the Pakistan Virtual Assets Regulatory Authority (PVARA), a new body tasked with overseeing the country’s digital asset industry. According to a Tuesday report by English-language local news outlet Dawn, PVARA will operate as an independent regulator tasked with licensing, monitoring and supervising virtual assets service providers. It will also ensure compliance with international standards, including alignment with guidelines from the Financial Action Task Force (FATF). The report follows a late May announcement by Pakistan’s Ministry of Finance, which endorsed the creation of the regulatory body. Muhammad Aurangzeb, Pakistan’s Federal Minister for Finance and Revenue, said that the country “must regulate not just to catch up, but to lead.” Read more
ISLAMABAD: Pakistan and Afghanistan held the inaugural session of the Additional Secretary-Level Mechanism of Foreign Ministries to discuss key bilateral issues, including trade, transit cooperation, security, and regional connectivity. The inaugural round of the Additional Secretary-Level Mechanism was a follow-up to decisions made during the visit of Deputy Prime Minister/Foreign Minister of Pakistan to Kabul, Afghanistan, […]
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif greeted a top-tier delegation from UAE-based Etisalat Group, led by CEO Hatem Dowidar, to explore scaling investment prospects in Pakistan’s economy, ARY News reported. During the meeting, Shehbaz Shareef presented a formal proposal to the Etisalat Group to raise its investment in Pakistan, promising full easing and a business-friendly […]
ISLAMABAD: The Pakistan Meteorological Department (PMD) has issued a warning for widespread rain, wind, and thundershowers expected across several regions of the country from the night of July 06 to July 10. According to Pakistan’s state-run news agency, the APP, the wet spell is likely to bring heavy to very heavy rainfall at various locations, […]