Islamabad: The Pakistan Virtual Assets Regulatory Authority (PVARA) on Tuesday held a high-level meeting with a United Arab Emirates delegation led by DAMAC Group to discuss advancing Pakistan’s national agenda on real-world asset tokenisation, with an initial focus on real estate and public assets.
The meeting, held at the Prime Minister’s Office, brought together senior officials of PVARA and representatives of DAMAC Group and its Dubai Financial Services Authority-licensed real estate fintech platform PRYPCO. Discussions centred on developing a structured and regulated framework for tokenising real estate, government assets and future debt instruments, aimed at attracting investment and improving market transparency.
The session was chaired by Bilal Bin Saqib, Chairman of PVARA, who briefed the delegation on Pakistan’s evolving virtual assets regulatory framework. Officials said the framework is designed to encourage innovation while ensuring governance standards, investor protection and regulatory oversight aligned with international practices.
According to participants, tokenisation was discussed as a potential economic tool to activate dormant assets, facilitate foreign and overseas Pakistani investment, and broaden access to regulated investment opportunities without adding fiscal pressure on the state.
The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and Chief Executive Officer of PRYPCO. Other members included senior executives from DAMAC Capital, PRYPCO and One Group. Salem Mohammad Alzaabi, the UAE Ambassador to Pakistan, also attended the meeting, reflecting ongoing bilateral engagement in regulated digital finance and cross-border investment.
DAMAC Group, a private real estate and investment company based in the UAE, operates across more than 15 countries. PRYPCO, its regulated fintech arm, has previously launched tokenised real estate offerings in Dubai, enabling fractional ownership through on-chain records within a regulated environment. The company said its inaugural tokenised property offering was fully funded within a day and attracted investors from over 40 countries.
Chairman Bilal Bin Saqib said Pakistan views tokenisation as a broader economic enabler rather than a limited financial instrument, noting that while real estate represents a starting point, the longer-term vision includes public assets and future debt instruments under a robust regulatory framework to build investor confidence.
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