Lahore: The government is actively working on policies aimed at empowering youth, particularly by opening avenues in modern financial and digital sectors. This was stated by Finance Minister's Advisor Khurram Schehzad, while addressing an event "Tokenizing the Sovereign Assets-Liquidity ready" in Lahore today.

According to Radio Pakistan, Khurram Schehzad highlighted the global context of digital assets, noting that Bitcoin has a capped global supply of nearly 21 million, which makes it an important discussion point in today's financial landscape. He pointed out that Bitcoin and crypto mining are already taking place in Pakistan, indicating a growing domestic engagement with crypto-related technologies.

Khurram Schehzad further elaborated on the government's plan to tokenize a portion of its domestic debt, worth two billion dollars, in the first phase, with a primary focus on tapping retail investors. This initiative is part of a broader strategy to integrate innovative financial solutions within the country's economic framework.

Discussing regulatory and institutional developments, Khurram Schehzad emphasized the importance of creating a dedicated framework or authority to regulate and understand crypto assets. He cited the example of the UAE, which has already established structured mechanisms for virtual assets, and stressed that Pakistan is learning and moving forward cautiously in this domain.