Pakistan to empower private sector for economic growth

Pakistan's Finance Minister Muhammad Aurangzeb has reaffirmed the government's commitment to providing an enabling environment for the private sector to lead economic growth.

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addressing the ‘Leadership Summit on Blockchain and Digital Assets: Technology and Innovation’ held in Islamabad on Saturday, the Federal Minister for Finance and Revenue has stressed that with millions of Pakistanis, especially youth, already engaged in Blockchain and digital assets, the country must embrace this shift as part of its new economy by fostering financial inclusion, transparency, and efficiency, while ensuring a balanced regulatory framework through collaboration between government, academia, and the private sector.

The event, organized in collaboration with LUMS, brought together stakeholders from academia, industry, and government to deliberate on the future of blockchain, digital assets, and emerging technologies in Pakistan.

In his keynote address, the Finance Minister underscored the importance of embracing technological innovation to align with the global transition towards the digital economy. He highlighted that while Pakistan is making strides in achieving macroeconomic stability, the next imperative is to actively participate in shaping the new economy driven by blockchain, artificial intelligence, and Web 3.0 technologies.