If this is legalized this will be big booster for Pakistan Foreign Currencies Exchange Reserves and Easy mode of transferring money for Pakistani Foreign Residents into Pakistan

The Pakistan Crypto Council was officially established on March 14, 2025, to promote cryptocurrency and blockchain technology in the country. Federal Finance Minister Muhammad Aurangzeb has been appointed as the head of the council, while Bilal Bin Saqib will serve as the Chief Executive Officer (CEO). The board includes the Governor of the State Bank, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and other high-ranking officials. (Source)

Finance Minister Muhammad Aurangzeb stated that the government is actively working to develop the crypto ecosystem and aims to position Pakistan as a leader in digital finance. He further emphasized that a strong legal framework is being developed to ensure financial security and consumer protection, opening a new chapter in the country's financial and technological growth. (Source)

Bilal Bin Saqib, a Forbes 30 Under 30 honoree and a well-known figure in the blockchain industry, stated that the Pakistan Crypto Council will focus on creating a balance between growth and security. The council's primary goal is to formulate clear regulatory policies for cryptocurrency and blockchain. (Source)

The Pakistan Crypto Council aims to position Pakistan in the global digital economy by establishing a strong regulatory framework for blockchain and cryptocurrency. This initiative is expected to increase investment opportunities and boost the country's capital markets. (Source)

With this step, Pakistan hopes to foster innovation in the cryptocurrency sector and positively impact the national economy. The government aims to embrace emerging technologies while ensuring a safe and transparent financial system, contributing to the country's economic growth. (Source)