KARACHI/SINGAPORE: Pakistan is preparing to launch a pilot project for its own digital currency as part of broader efforts to modernise its financial system, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Wednesday. Speaking at the Reuters NEXT Asia Summit in Singapore, Ahmad confirmed that the central bank is finalising legislation to regulate […]
Islamabad, Pakistan – July 8, 2025 — In a landmark move, the Federal Cabinet has formally approved the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA), paving the way for a comprehensive legal and institutional framework to regulate the country’s rapidly expanding digital assets ecosystem. The newly proposed authority will operate as an independent […]
A high-level meeting of the Pakistan Crypto Council (PCC) was held at the Finance Division, chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting focused on the draft regulatory framework for digital and virtual assets in Pakistan, aiming to align with international standards and evolving technological trends. Participants also discussed […]
Las Vegas, Nevada – May 28, 2025 — In a groundbreaking announcement at the Bitcoin 2025 conference in Las Vegas, Pakistan’s Minister of State for Blockchain and Crypto, Bilal Bin Saqib, unveiled an ambitious national strategy to establish a Strategic Bitcoin Reserve and allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers. […]
Islamabad – September 2025: In a landmark decision reflecting Pakistan’s growing commitment to emerging technologies, Prime Minister has appointed Bilal Bin Saqib as the Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto, granting him the status of Minister of State. With this strategic appointment, Pakistan joins an exclusive group of nations—including the […]
Islamabad, May 23, 2025 — The Power Division is in the process of finalizing a comprehensive “Surplus Power Package” aimed at promoting the consumption of excess electricity by industrial and agricultural sectors, as well as emerging greenfield industries such as cryptocurrency mining operations and artificial intelligence (AI) data centers. The initiative was formally shared in […]
ISLAMABAD, May 26, 2025 — In a bold initiative aimed at transforming Pakistan into a global leader in digital innovation, the Government of Pakistan has announced the allocation of 2,000 megawatts (MW) of electricity in the first phase of a national strategy to power Bitcoin mining and Artificial Intelligence (AI) data centers. The initiative, spearheaded […]
In a key development, the Ministry of Finance on Wednesday unveiled a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. As part of this initiative, the government has endorsed the establishment of a dedicated body — the Pakistan Digital Assets Authority (PDAA) — to regulate blockchain-based financial infrastructure, […]
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP), through its Research and Publications Department, has unveiled a comprehensive policy proposal titled “ICMA Proposes Crypto Adoption Framework and CBDC Launch Plan to Government.” This timely initiative introduces a Four-Pillar Framework for the responsible adoption of crypto currencies in Pakistan and outlines a strategic […]
ISLAMABAD – In a historic move poised to reshape Pakistan’s financial landscape, World Liberty Financial (WLF), the decentralized finance (DeFi) platform backed by former U.S. President Donald Trump, has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC). The agreement aims to accelerate blockchain innovation, stablecoin adoption, and DeFi integration across […]