The government has implemented the regulatory authority of Pakistan Virtual Assets (PVARA), the Federal Board of Revenue (FBR) officials will be included in the authority to deal with market monitoring, risk management, and anti -money laundering issues.
According to the FBR notification on Thursday, during the first meeting of the PVRA Board, members agreed that additional human resources would be provided on a temporary basis to ensure the authority’s initial functionalization.
The notification further states that to date, no officer has been assigned to Pawara, which has hindered his work and has led to delays. It emphasized that the authority has been entrusted with critical responsibilities, which will play an important role in strengthening Pakistan’s economy and global image.
To address these concerns, the FBR confirmed that its officials would be hidden in Pawara.