Islamabad, March 26, 2025 – In a landmark move towards embracing the digital economy, Finance Minister Senator Muhammad Aurangzeb has announced that the Pakistan Crypto Council (PCC) marks the beginning of a new era for the country’s financial landscape. The establishment of the council is expected to pave the way for the regulation and expansion of cryptocurrency and blockchain technologies in Pakistan.
Chairing the council’s inaugural meeting, Senator Aurangzeb was joined by prominent figures from the financial and regulatory sectors. Among the attendees were the CEO of the Pakistan Crypto Council, Bilal Bin Saqib, the Governor of the State Bank of Pakistan (SBP), and the Chairman of the Securities and Exchange Commission of Pakistan (SECP). The meeting aimed to explore opportunities within the cryptocurrency sector and establish a framework for responsible digital asset adoption.
Vision for a Digital Future
Bilal Bin Saqib, CEO of the PCC, presented a comprehensive vision and mission for the council, highlighting the potential of cryptocurrency to revolutionize Pakistan’s financial sector. His presentation received strong support from the finance minister, who acknowledged the need for modernizing the country’s financial infrastructure.
Senator Aurangzeb emphasized that the Crypto Council would serve as a collaborative platform for stakeholders and regulatory bodies, ensuring the development of a transparent and secure financial ecosystem. He reiterated the government’s commitment to fostering technological innovation and supporting the growth of digital finance in Pakistan.
Key Focus Areas of the Crypto Council
The meeting outlined several key focus areas for the PCC, including:
- Regulatory Framework Development: The council will work closely with the SBP and SECP to create guidelines that ensure the legal and secure use of cryptocurrencies in Pakistan.
- Investment Opportunities: The council aims to attract both local and international investors interested in blockchain and crypto-based ventures, enhancing Pakistan’s position in the global digital economy.
- Public Awareness & Education: PCC will launch initiatives to educate the public on the benefits and risks associated with cryptocurrency trading and investment.
- Security & Fraud Prevention: Implementing robust security measures to prevent financial fraud, hacking, and misuse of digital assets.
- Integration with Traditional Finance: Exploring ways to incorporate blockchain technology into Pakistan’s existing banking and financial systems to enhance efficiency and transparency.
Government’s Commitment to Digital Innovation
Senator Aurangzeb assured stakeholders that the government is committed to embracing digital transformation while ensuring necessary safeguards to protect investors and consumers. He highlighted the importance of international best practices in developing a sustainable crypto ecosystem in Pakistan.
The finance minister also stated that the government will actively engage with industry experts, financial institutions, and technology firms to create a well-regulated and dynamic digital finance sector. This, he noted, will not only generate employment opportunities but also facilitate financial inclusion for the unbanked population.
Future Outlook
With the Pakistan Crypto Council now operational, industry leaders anticipate a structured and progressive approach to digital finance adoption. While challenges such as regulatory hurdles and public skepticism remain, the formation of PCC signals Pakistan’s readiness to enter the global digital financial landscape.
Experts believe that with the right policies and infrastructure, Pakistan can position itself as a competitive player in the crypto and blockchain industry. As discussions progress, stakeholders eagerly await further developments and regulatory clarity to facilitate responsible crypto adoption in the country.
The next meeting of the PCC is expected to focus on drafting an initial regulatory proposal, which will be presented to the government for further consideration. Meanwhile, investors and tech entrepreneurs are hopeful that the council’s initiatives will unlock new opportunities and drive economic growth in Pakistan’s digital sector.
