Explores potential for collaboration in monetary sector reforms, digital transformation
Finance Minister Muhammad Aurangzeb is interviewed in the course of the G20 Finance Ministers and Central Financial institution Governors’ Assembly on the IMF and World Financial institution’s 2024 annual Spring Conferences in Washington. PHOTO: REUTERS
ISLAMABAD:
Federal Minister for Finance Muhammad Aurangzeb on Wednesday held a gathering with a Sajwani enterprise delegation from the United Arab Emirates (UAE), led by Syed Zeeshan Shah, Chairman One Group.
The assembly centered on rising world tendencies in tokenisation, synthetic intelligence, blockchain and digital infrastructure, and the potential for collaboration in help of Pakistan’s ongoing monetary sector reforms and digital transformation agenda.
The delegation expressed robust curiosity in partnering with the federal government of Pakistan. It provided technical experience, advisory help and capability constructing in areas comparable to tokenisation of real-world property, blockchain-based platforms, AI-driven options and trendy digital infrastructure.
It highlighted world finest practices and personal sector innovation that might help Pakistan in enhancing transparency, effectivity, investor entry and monetary inclusion, whereas totally respecting the nation’s authorized and regulatory framework.
The discussions befell in opposition to the backdrop of Pakistan’s latest initiatives to discover accountable adoption of rising monetary applied sciences, together with the federal government’s efforts to evaluate compliant blockchain infrastructure for sovereign and real-world property. Either side famous that such applied sciences, if deployed prudently, might assist deepen capital markets, entice worldwide funding and help sustainable financial progress.
Muhammad Aurangzeb emphasised the federal government’s dedication to accountable innovation, robust governance, and regulatory compliance, and famous that Pakistan was actively partaking with credible worldwide companions to judge new applied sciences that might strengthen its monetary ecosystem. He emphasised that any future collaboration could be guided by nationwide priorities, transparency and relevant legal guidelines and insurance policies. The visiting delegation additionally included Amira Hussain Sajwani, Co-Managing Director Damac Group and Co-Founder & CEO Prypco; Aqib Hassan, Chief Business Officer One Houses; Alp Ozenalp, Chief of Employees and Joseph El Am, Common Supervisor Tokenisation, Prypco.
Assembly with IT minister
Individually, the delegation of Dubai’s famend actual property firm Damac Properties, led by Sajwani, met Federal Minister for Data Know-how & Telecommunication Shaza Fatima Khawaja to discover the potential of collaboration in Pakistan’s rising digital and expertise ecosystem.
The IT minister underscored that the Digital Pakistan imaginative and prescient fashioned the inspiration of the federal government’s digital insurance policies and reforms, geared toward constructing an inclusive, innovation-driven digital financial system. The delegation was given a complete briefing on Pakistan’s digitisation imaginative and prescient, with explicit emphasis on girls’s digital and monetary inclusion. Shaza Fatima famous that below the Ramazan Package deal, 500,000 girls have been digitally linked by way of the Benazir Revenue Assist Programme (BISP) by opening digital wallets in only one month, marking a serious step in the direction of monetary inclusion.
She reaffirmed the dedication to facilitating world partnerships, enabling innovation and making a conducive digital atmosphere to draw worldwide funding and speed up Pakistan’s digital transformation.
Furthermore, either side held in-depth discussions on outsourcing alternatives, recognition and deployment of Pakistan’s tech expertise, and the position of property expertise (PropTech) and tokenisation in unlocking financial savings, enhancing effectivity and growing liquidity throughout the actual property and monetary sectors.
The Sajwani delegation praised the expertise of Pakistani youth and the nation’s digitisation framework, and expressed confidence in Pakistan’s huge potential for PropTech, tokenisation and technology-led funding.
