The Pakistan Virtual Assets Regulatory Authority (PVARA) has taken another step towards advancing the country’s digital finance and blockchain-based asset ecosystem by holding a high-level meeting with a delegation from the United Arab Emirates at the Prime Minister’s Office. The meeting focused on exploring opportunities for real-world asset tokenisation in Pakistan, with particular attention given to real estate, government-owned assets and future debt instruments, all within a structured and regulated framework.
The discussions were chaired by PVARA Chairman Bilal Bin Saqib and attended by senior officials of the Authority. The UAE delegation included representatives from the DAMAC Group, one of the region’s leading real estate developers, as well as PRYPCO, a DFSA-licensed and regulated real estate fintech platform based in Dubai. The engagement highlighted growing regional collaboration around blockchain innovation and the regulated use of virtual assets for economic development.
During the meeting, participants discussed how asset tokenisation could serve as an effective economic tool for Pakistan by unlocking the value of dormant and underutilised assets. Tokenisation was presented as a mechanism that could help attract foreign direct investment and channel capital from overseas Pakistanis, while also improving transparency and traceability in asset ownership and transactions. Officials emphasised that such initiatives would be designed in a way that does not create additional fiscal pressure on the government.
PVARA officials briefed the UAE delegation on Pakistan’s evolving virtual assets regulatory framework, outlining the Authority’s approach to balancing innovation with strong governance standards. According to PVARA, the framework is being developed to ensure investor protection, market integrity and transparency, while at the same time enabling the use of advanced financial technologies such as blockchain and tokenisation. The Authority underscored its commitment to aligning Pakistan’s regulatory practices with international standards.
A key focus of the discussion was the role of real-world asset tokenisation in transforming traditionally illiquid assets into regulated, investable financial instruments. By digitising ownership and enabling fractional participation, tokenisation could potentially widen access to investment opportunities and increase liquidity in sectors such as real estate and public assets. Participants also explored how future debt instruments could be structured and tokenised in a compliant manner to support broader capital market development.
The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and Chief Executive Officer of PRYPCO. The delegation shared insights from the UAE’s experience with regulated fintech platforms and digital asset innovation, particularly in the real estate sector. The presence of a DFSA-licensed platform in the discussions underscored the emphasis on regulatory compliance and investor safeguards.
The meeting reflects Pakistan’s broader ambition to position itself as a responsible and innovation-friendly jurisdiction in the global virtual assets and crypto ecosystem. By engaging with established regional players and regulators, PVARA aims to build confidence among investors and technology partners while laying the groundwork for practical, real-world applications of blockchain technology.
As Pakistan continues to develop its virtual assets framework, initiatives such as real-world asset tokenisation are expected to play an important role in modernising financial markets, enhancing transparency and supporting long-term economic growth. The dialogue with UAE stakeholders signals growing international interest in Pakistan’s digital finance agenda and highlights the potential for cross-border collaboration in regulated crypto and fintech solutions.
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