Islamabad, Pakistan | July 30, 2025 — The Government of Pakistan is moving swiftly to integrate cryptocurrencies into its economy, signaling a significant shift towards digital finance. This accelerated adoption follows high-level deliberations involving the State Bank of Pakistan, the finance ministry, and key financial institutions.
The initiative gained momentum after a recent presentation by Bilal Bin Saqib, CEO of the Pakistan Crypto Council and the Prime Minister’s special assistant on blockchain and cryptocurrency, who underscored the transformative potential of digital assets, stating “cryptos are the future currency.” The State Bank had previously announced plans to pilot a digital currency and finalize virtual asset legislation by July 9, 2025. This push aims to stabilize the exchange rate, curb currency smuggling, and facilitate large-scale virtual transactions. The central bank is expected to issue licenses for crypto trading to banks and other financial institutions, with a view to opening field offices to promote virtual transactions.
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