US publication praises Pakistan’s digital finance reforms

A US publication has praised Pakistan’s efforts to modernise its financial system, saying the country is steadily

A US publication has praised Pakistan’s efforts to modernise its financial system, saying the country is steadily strengthening its position in the global digital financial landscape through reforms and technological innovation.

The article highlighted Pakistan’s initiatives to promote digital transformation and said the country has the potential to play a meaningful role in the evolving global digital economy.

It also commended the vision of Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib, stating that Pakistan must actively position itself within the international digital financial system to benefit from emerging technologies and new economic opportunities.

According to the publication, the future will belong to countries that make swift decisions and implement reforms without delay. It noted that Pakistan has the opportunity to emerge as a leader in the digital economy by embracing innovation and adopting forward-looking policies.

The article further stated that governments can no longer rely solely on traditional bureaucratic systems. Instead, they must adopt the speed, flexibility and innovation-driven approach of technology startups to remain competitive in a rapidly changing global environment.

It added that digital assets are becoming the foundation of the future financial infrastructure and countries investing in digital finance today will be better positioned for long-term economic growth and global competitiveness.

The publication’s remarks come as Pakistan continues to promote digital payments, financial technology and cashless transactions as part of its broader strategy to modernise the economy and expand financial inclusion.