Pakistan is actively seeking a mutually beneficial partnership with the United States to develop a regulatory framework for digital assets.
According to an official report today, the proposal was put forward by Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, during a formal meeting with Patrick Witt, the US Executive Director of the President’s Council of Advisors for Digital Assets.
Ambassador Sheikh emphasized that progress in the new economy is contingent upon a foundation of cooperation, collaboration, and coordination between nations.
During the discussion, Sheikh outlined Pakistan”s significant advancements in the adoption and oversight of digital assets and cryptocurrencies, presenting these developments as evidence of the country”s commitment to building a robust institutional framework.
Specific initiatives highlighted by the ambassador included the establishment of the Pakistan Crypto Council (PCC), the promulgation of the Virtual Assets Ordinance/Act 2025, and the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA).
He noted that these measures, along with a landmark shift in the central bank”s perspective, represent a conscious effort to create a comprehensive ecosystem designed to support the nation”s millions of digital asset users.
The ambassador also conveyed his deep appreciation for President Donald Trump’s leadership in the effort to streamline and regulate the new economy, specifically mentioning the era of digital finance and the blockchain revolution.