Pakistan Virtual Assets Regulatory Authority

Pakistan Virtual Assets Regulatory Authority
پاکستان ورچوئل اثاثہ جات ریگولیٹری اتھارٹی
PVARA
Agency overview
FormedJuly 8, 2025
JurisdictionGovernment of Pakistan
Headquarters
MottoSecure. Transparent. Innovative.
Agency executive
  • Bilal bin Saqib, Chairperson
Parent department
Ministry of Finance (Pakistan)
Websitehttps://www.pvara.gov.pk/

The Pakistan Virtual Assets Regulatory Authority (PVARA) is an autonomous federal regulatory body established under the Virtual Assets Ordinance, 2025, to license, regulate, and supervise virtual asset services and service providers across Pakistan.[1][2][3]

History

PVARA was created through the Virtual Assets Ordinance, 2025 (Ordinance No. VII of 2025), signed into law by President Asif Ali Zardari on July 8, 2025, under Article 89 of the Constitution of Pakistan. The ordinance was promulgated as an urgent measure while the Parliament was not in session and will remain in effect for 120 days unless extended or replaced by an act of Parliament.[1][3]

Although an initial statement from the office of the state minister referred to the regulation as the "Virtual Assets Act, 2025", it was later clarified that the measure was an ordinance and not a full act of Parliament.[4]

References

  1. 1 2 Kiani, Khaleeq (2025-07-10). "Authority to regulate crypto and digital assets formed". DAWN.COM. Retrieved 2025-07-10.
  2. ↑ "Pakistan approves creation of Virtual Assets Regulatory Authority". Profit by Pakistan Today. 2025-07-08. Retrieved 2025-07-10.
  3. 1 2 Ahmed, Ashfaq (2025-07-08). "Pakistan lunches Virtual Assets Regulatory Authority to oversee growing crypto sector". Gulf News. Retrieved 2025-07-10.
  4. ↑ "'Virtual Assets Act, 2025' approved formally". 2025-07-09. Retrieved 2025-07-10.
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