Karachi: Trust Securities & Brokerage Limited (TSBL) has announced its Board of Directors' decision to apply for necessary licenses from the Pakistan Virtual Assets Regulatory Authority (PVARA) to undertake Virtual Asset Services. The date of the report was September 25, 2026. This move aligns with the provisions of the Virtual Assets Act, 2026, which oversees the licensing and regulation of Virtual Asset Service Providers (VASPs) in Pakistan.

TSBL aims to explore opportunities in the expanding virtual asset sector by seeking licenses for Custody Services, Exchange Services, and Virtual Asset Transfer and Settlement Services. According to information available from the Pakistan Stock Exchange (PSX), the applications will be processed in accordance with the regulatory framework established by PVARA, which is responsible for the licensing and supervision of VASPs.

The initiative is subject to obtaining all necessary approvals and licenses from PVARA and other relevant authorities. TSBL will not engage in any regulated Virtual Asset Services until these approvals are obtained. The proposal will be discussed at the forthcoming Annual General Meeting, where amendments to the company's memorandum and articles of association may be considered.

The company has committed to keeping the Pakistan Stock Exchange informed about the status of the license applications and any significant developments. The information will be shared with TR Certificate Holders of the Exchange as per regulatory requirements.