Pakistan’s accelerating crypto strategy Pakistan to Fast‑Tr | BitRomance on Binance Square

Trending Articles

Bookmarked and Liked

--

Pakistan’s accelerating crypto strategy
Pakistan to Fast‑Track Crypto Integration into Banking and Forex

Government Moves Swiftly to Mainstream Cryptocurrency Adoption
Pakistan Accelerates Crypto Rollout with Regulatory Push
Crypto Set for Mainstream Entry: Government Plans Rapid Deployment
State Expedites Crypto Adoption Across Banks, FX and Gold Markets

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

18

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-BitRomance

Explore More From Creator

#BNB Price Forecasts (2025 & Beyond)) Predicts a price range of $752.03 to $898.40, $723 to $916. #bnb

--

Pakistan Central Bank to Launch Pilot for Digital Currency Governor Jameel Ahmad announced at the Reuters NEXT Asia summit (July 9, 2025) that the State Bank of Pakistan (SBP) is preparing to launch a pilot program for a central bank digital currency (CBDC). Legislation to regulate virtual assets is nearly complete, with consultations underway with tech partners 

--

Pakistan’s Bitcoin Mining Drive Stalls as IMF Rejects Power Subsidies Situation Overview In September 2024, Pakistan’s Power Division proposed offering subsidized electricity at ~Rs 22–23/kWh (~USD 0.08/kWh) to crypto mining, data centers, and energy-intensive industries to utilize surplus power  The IMF objected—citing that this would distort the power market and resemble sector-specific tax holidays—and approved only a truncated three-month pilot instead of the full six-month plan  Why IMF Rejected the Plan Market distortion concerns: Subsidizing electricity for niche sectors could upset pricing balance and destabilize the fragile energy infrastructure CointelegraphDecrypt. Lack of prior consultation: Officials acknowledged the IMF was not consulted before the public launch, deepening governance concerns  Current Status The 2,000 MW electricity allocation—announced in May 2025 for crypto and AI infrastructure—is now in limbo, pending international approval and plan revision  Secretary of Power Dr. Fakhray Alam Irfan stated that although the proposal hasn’t been shelved, it remains under review by institutions like the World Bank Without IMF sign-off, the government cannot proceed with subsidized pricing to attract miners or data firms. Implications for Pakistan’s Crypto Strategy The Pakistan Crypto Council—led by Bilal Bin Saqib—has pitched the mining initiative to convert surplus electricity into foreign exchange and tech investment  However, the rejection delays ambitious objectives such as building a Strategic Bitcoin Reserve and incentivizing foreign mining firms  The core issue now is balancing fiscal discipline, power sector integrity, and crypto-forward policy without undermining IMF-backed reforms. Looking Ahead Pakistan is engaging with the IMF and World Bank to revise the structure, possibly seeking alternative tariff designs that are more broadly consistent with fiscal norms Reuters.

--

US and Pakistan to Collaborate on Oil Reserves; India Faces Tariffs and Sanctions • President Trump announced a deal between the US and Pakistan to develop Pakistan's oil reserves, though details and tariff rates remain unclear. • India was hit with a 25% tariff and additional penalties for purchasing oil and military equipment from Russia, with sanctions also imposed on six Indian companies for engaging in Iranian petrochemical trade. • Pakistan's Finance Minister is in Washington for tariff deal negotiations, aiming for terms similar to recent US trade agreements with other Asian countries. • The US is also negotiating with India on tariffs, while threatening no further extensions for countries failing to reach a deal by the deadline. • The announcement of sanctions against Indian companies and tariffs on Indian imports caused the Indian rupee to drop against the USA

--

a2z new coin listing in 45 minutes #A2Z

--

Latest News

Bitcoin(BTC) Drops Below 115,000 USDT with a Narrowed 0.65% Increase in 24 Hours

--

Figure Technology Solutions Submits IPO Application to SEC

--

BNB News: BNB Breaks Above $760 as Corporate Adoption and Binance Upgrades Fuel Rally

--

Bitcoin News Today: Bitcoin Bull Run May Resume The 5 Key Signals After $112K Liquidity Sweep

--

CFTC Explores Leveraged Digital Asset Listings on Futures Platforms

--

Trending Articles

🔥 “Fed Chair Powell Just Gave Crypto Its Biggest Boost Yet!” 🚀🇺🇸

Dogecoin price prediction $DOGE has been trading inside the

Whale Brought Shiba Inu For $3,800, Sells it for $6.05 Million

BeMaster BuySmart

⚠️ The Fable of the Ghost Payment: Beware the P2P Chameleon

🐸 Can $PEPE Really Reach $1? The Numbers Don’t Lie🚀🚀

Cookie Preferences

Cookie Preferences