Expression of Interest (EoI) for VASP Licensing in Pakistan

Issued by:

Pakistan Virtual Asset RegulatoryAuthority (PVARA)

Office#12, Ground Floor, EvacueeTrust Building, Islamabad, Pakistan

Email: info@pvara.gov.pk
‍

Date of Issue: September 13,2025

Submission Deadline: October10th, 2025

EoIReference: PVARA/EoI/2025/001
‍

1. Background

Under the Virtual AssetsOrdinance, 2025 (Ordinance No. VII of 2025, promulgated July 8,

2025), PVARA regulates VirtualAssets and VASPs to promote innovation while ensuring AML/CFT compliance. PVARAseeks EoIs from established global exchanges and VASPs to apply for licensingto operate in Pakistan.
‍

2. Objective

To identify qualified entitiesfor potential licensing, fostering a regulated Virtual Asset ecosystem alignedwith FATF standards.
‍

3. Eligibility

•       OperatingVASPs/exchanges in ≥1 jurisdiction outside Pakistan.

•       ProvenAML/CFT/KYC compliance, secure operations, and Virtual Asset experience.
‍

4. Required Details

•       Provide (≤5 pages, with docs):

•       Profile: Name, registration, establishment year, HQ, operations overview (e.g., assetshandled, volume, users).

•       Licensing: Jurisdictions licensed (e.g., US-SEC/MSB, UK-FCA, EU-VASP, UAE-VASP,Singapore-MAS), authority names, license numbers/dates, certifications.

•       Operations: Services (e.g., trading, custody), tech/security (e.g., cold storage,insurance).

Pakistan Interest : Market rationale, proposed model (e.g., partnerships), currentposition in Pakistan (users and volume).
‍

5.Submission

Email PDF to info@pvara.gov.pk

‍

6. Evaluation

Assessed on Ordinance alignment;shortlisted invited for NoC applications within 30 days. PVARA may seekclarification on certain points.
‍

7. Contact

Queries: info@pvara.gov.pk.