FinMin Raises Alarm over Unregulated Digital Deals

FinMin raises alarm over unregulated digital deals

Finance Minister Muhammad Aurangzeb warned on Saturday that Pakistan risks slipping back to the grey list of Financial Action Task Force due to unregulated digital transactions being carried out by roughly 15% of the population, seeking to put in place a transparent regulatory regime. "If certain level of activity is happening and happening at this scale, it's only a question of when, not if, that we are going to get into trouble as a country, a…

Unregulated Digital Transactions Could Push Pakistan Back to FATF Grey List, Says Finance Minister

Copyright protected content copied from PhoneWorld website. Finance Minister Muhammad Aurangzeb has warned that Pakistan could slip back into the Financial Action Task Force (FATF) grey list if unregulated digital transactions are not addressed. He shared his concerns while speaking at the Leadership Summit on Blockchain and Digital Assets: Technology and Innovation on Saturday. The minister pointed out that nearly 15% of Pakistan’s population, …

Pakistan Finance Minister Warns of Return to FATF Grey List Over Unregulated Digital Transactions

Muhammad Aurangzeb, the Finance Minister of Pakistan, has given a very strong warning. He says that if the country doesn’t keep an eye on its growing digital economy, it could end up back on the Financial Action Task Force (FATF) grey list. At a blockchain and digital assets event, the minister said that over 15% of Pakistan’s population are doing unlawful digital transactions, which is a big threat to the country’s financial stability. Tribune.…

Govt Vows to Empower Private Sector to Propel Pakistan’s Blockchain Revolution

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has stressed that the country must embrace blockchain and digital assets to shape its future economy. He noted that millions of Pakistanis, particularly youth, are already engaged in digital asset activities. According to him, this growing trend must be structured through innovation, regulation, and collaboration. He […] The post Govt Vows to Empower Private Sector to Propel P…

Pakistan must harness Blockchain and Digital assets for growth, FM - Global News Pakistan

Finance Minister Stresses Strategic Transition Towards Blockchain and Digital Assets for Pakistan’s New Economy . Islamabad : Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb 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 ensuri…

Finance Minister Aurangzeb sees reforms driving digital economic growth

Federal Finance Minister Muhammad Aurangzeb said on Saturday that the government’s ongoing reform measures are gradually steering Pakistan’s economy in a positive direction. Speaking at a ceremony in Islamabad, he emphasized that structural changes in key sectors are beginning to create a foundation for sustainable growth. Aurangzeb noted that between 10 to 15 percent of Pakistan’s population is already actively engaged in digital businesses, an…