PVARA Chief Calls for Muslim World to Build Technology Not Just Consume It

The Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA) recently emphasized the need for Muslim countries to transition from being mere consumers of technology to active builders of it. Speaking at Harvard, he highlighted the rapid adoption of technologies like artificial intelligence and crypto in the Muslim world but questioned whether these nations could also lead in developing the underlying systems.

He cited the historical example of Al-Khwarizmi, whose mathematical work influenced modern computing, yet noted that contemporary technological advancements are largely concentrated outside the Muslim world. The challenge, he argued, is to build local capabilities in AI, blockchain, and digital finance by training researchers, funding startups, and improving infrastructure.

Pakistan’s strong crypto adoption, as ranked third in Chainalysis’ 2025 Global Crypto Adoption Index, contrasts with its limited role in building the infrastructure behind these technologies. The country’s introduction of the Virtual Assets Act 2026 and the establishment of PVARA signal steps toward fostering a regulatory environment for digital asset businesses. Similarly, the UAE has emerged as a major hub for crypto, with significant growth in its digital asset economy.

The shift from consumption to production requires a multifaceted approach, including university research, investor support for technical companies, and government policies that encourage experimentation while ensuring safeguards. The goal is to empower young people to see technology as something they can innovate and build upon, ultimately transforming the Muslim world’s role in the global technology economy.