Building the Infrastructure for Pakistan's Digital Economy

Finance Minister and Chairperson PDA discuss digital finance, capital market integration and tokenisation.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met Dr. Sohail Munir, Chairperson, Pakistan Digital Authority (PDA), to discuss digital transformation, digital finance and measures to improve the use of technology to widen access to finance and support economic activity.

The Finance Minister emphasised the importance of ensuring that existing frameworks evolve alongside advances in digital technology. They discussed the need for an enabling framework that recognises electronic transactions and supports wider adoption of digital processes across trade and financial activities.

Their discussion covered the need to improve access to finance through greater use of digital platforms and more efficient processes. The Finance Minister highlighted the importance of simplifying customer onboarding and improving the interoperability of financial data, including closer integration between banks and capital markets.

Discussion extended to strengthening digital infrastructure for more efficient delivery of public and financial services. Digital assets and tokenisation were also discussed, including potential applications in real estate and other investment assets.

The Finance Minister appreciated the work being undertaken by the Pakistan Digital Authority and stressed the importance of focusing on high-impact initiatives that facilitate access to finance and strengthen digital capabilities. He also underscored the importance of sustained coordination with relevant stakeholders to advance digital initiatives.

The meeting reflected a shared commitment to work together on what comes next. Financial policy and digital infrastructure advance the same objective from different directions, and a technology-enabled economy depends on both moving in step.

Source: The Express Tribune