Pakistan Showcases Economic Reforms and Digital Pakistan Vision to Global Fintech Investors
Pakistan has presented its economic reform agenda and digital transformation strategy to international fintech investors during a recent visit by a high-level delegation from the Middle East. The briefing highlighted the country’s improving economic outlook, financial sector modernisation, and growing focus on digital innovation.
The session was led by Khurram Schehzad, Advisor to Finance Minister Muhammad Aurangzeb, according to an official statement issued by the Finance Division.
Pakistan Highlights Improving Economic Stability
During the briefing, the advisor shared an overview of Pakistan’s strengthening macroeconomic conditions. He highlighted progress in fiscal discipline, structural reforms, and macroeconomic stability, noting that consistent policy implementation has helped rebuild investor confidence.
He added that these reforms have improved Pakistan’s investment climate, making the country more attractive to global and regional investors.
Middle East Fintech Delegation Visits Pakistan
The visiting delegation was led by Dr John Sfakianakis, Chairman of Fintech Solutions Holding, a respected economist and global investment strategist. The group also included Kirill Smolin, Chief Executive Officer of Fintech Solutions Holding, who brings extensive expertise in fintech and digital technologies.
The visit was facilitated by Tech Avenue (Pvt.) Ltd., represented by CEO Obaid Ul Haq and Board Advisor Khuram Rahat, who played a key role in connecting investors with policymakers.
Digital Pakistan Vision at the Center of Discussions
A major focus of the engagement was Pakistan’s Digital Pakistan Vision, which is closely aligned with the government’s broader economic reform agenda. The advisor explained that digitalisation is a core pillar of sustainable economic growth, aimed at increasing financial inclusion and bringing more economic activity into the formal sector.
Cashless and Digital Pakistan Initiative Explained
The advisor outlined the government’s Cashless and Digital Pakistan initiative, which is built on three key pillars:
Promotion of digital payment innovation and adoption
Development of digital public infrastructure
Digitisation of government payments
These measures are designed to make financial transactions faster, safer, and more transparent, while reducing reliance on cash-based systems.
Raast Instant Payment System Boosts Digital Payments
Investors were also briefed on Raast, Pakistan’s instant payment system. Raast enables real-time, low-cost digital transactions across the country and allows seamless interoperability between platforms.
The system is playing a crucial role in expanding access to digital financial services for individuals, businesses, and government entities.
Financial Sector Modernisation and Digital Banking Growth
The discussion included updates on financial sector modernisation, particularly under the State Bank of Pakistan’s Retail Digital Banking framework. This framework follows international best practices and provides a clear regulatory environment that balances innovation with financial stability.
The advisor noted that Easypaisa Digital Bank has been operational for nearly a year, while Mashreq Digital Bank has also commenced operations in Pakistan. Their entry reflects growing international confidence in Pakistan’s regulatory and digital banking ecosystem. Several additional digital banks are expected to launch soon.
Focus on Blockchain, Web3, and Virtual Assets
Future technologies were also part of the briefing. The advisor shared updates on initiatives related to blockchain, Web3.0, and virtual assets. Work is underway to develop a responsible regulatory framework that encourages innovation while ensuring compliance, transparency, and investor protection.
Investors See Long-Term Opportunities in Pakistan
The visiting fintech investors welcomed the clarity of Pakistan’s economic reforms and digital policy direction. They noted that the country’s combined focus on economic stability, digital infrastructure, and emerging technologies presents strong opportunities for long-term investment and strategic partnerships.
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