Pakistan wants to work with a corporate firm based in the UAE on blockchain, artificial intelligence, and tokenization.

According to the Finance Division on Wednesday, Pakistani authorities and a high-level delegation from a UAE-based business group talked about collaborating on blockchain-based platforms, AI-driven solutions, and tokenization of real-world assets.

Pakistan recently introduced a formal licensing system for virtual asset service providers (VASPs) in an attempt to control its rapidly expanding cryptocurrency and digital assets sector. Islamabad claims that in order to prevent illegal transactions and promote innovation in blockchain-based financial services, it intends to regulate virtual assets.

Finance Minister Muhammad Aurangzeb met with a high-level business delegation from the Dubai-based Sajwani Group, the owner of the well-known real estate firm DAMAC Properties, in Islamabad.

“The visiting delegation expressed strong interest in partnering with the Government of Pakistan and offered technical expertise, advisory support and capacity building in areas such as tokenization of real-world assets, blockchain-based platforms, AI-driven solutions and modern digital infrastructure,” the Finance Division stated in a statement.

The Sajwani group emphasized private sector innovation and international best practices that might help Pakistan improve financial inclusion, investor access, efficiency, and transparency. Additionally, it stated that these actions will be in compliance with the nation’s legal and regulatory structure.

The Sajwani group also conducted a separate meeting with Pakistan’s IT Minister Shaza Fatima Khawaja to explore partnership in Pakistan’s burgeoning digital and technology ecosystem, the IT ministry stated in a press release.

In order to create an inclusive, innovation-driven digital economy, Khawaja gave the delegation a briefing on the government’s digital plans and reforms.

Both sides discussed outsourcing opportunities, recognition and deployment of Pakistan’s tech talent, and the role of property technology (PropTech) and tokenization in unlocking savings, improving efficiency and increasing liquidity across the real estate and financial sectors, the IT ministry said.

The ministry stated, “The Sajwani delegation expressed strong confidence in Pakistan’s vast potential for PropTech, tokenization, and technology-led investment, and praised the talent of Pakistani youth and the country’s digitization framework.”