In a historic move towards embracing the digital economy, the Government of Pakistan has initiated high-level discussions to promote Bitcoin mining in Pakistan and the tokenization of real-world assets. Chaired by the Prime Minister, the meeting marked a pivotal moment in the country’s journey towards becoming a crypto-friendly nation and a potential Web3 hub in South Asia.
The high-level meeting included key government figures such as Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, IT Minister Shaza Fatima Khawaja, and Governor of the State Bank of Pakistan Jamil Ahmad. Also present were the Chairman FBR and several other ministers from key economic and infrastructure portfolios.
Prominent global leaders in blockchain technology and cryptocurrency mining were invited, including Marco Streng and Dr. Marco Krohn, co-founders of Genesis Group, a company responsible for mining over $1 billion worth of Bitcoin. From the asset tokenization space, Vincent Kadar, CEO of Polymath Canada, also attended. Polymath has successfully tokenized billions in commodities, real estate, and securities worldwide.
Strategic Roadmap for Bitcoin Mining and Blockchain Investment
The international representatives shared insights and proposed strategies to help Pakistan build a robust $3.5 billion Bitcoin mining infrastructure, leveraging the country’s untapped energy resources. They also emphasized the vast opportunities for asset tokenization to bring transparency, liquidity, and compliance to Pakistan’s real estate, agriculture, and financial sectors.
Government Endorsement for Crypto Regulations
In a bold directive, the Prime Minister of Pakistan instructed the Pakistan Crypto Council (PCC) to work closely with Genesis Group and Polymath to create an actionable roadmap for immediate deployment. He also directed the PCC to accelerate the process of formalizing crypto regulations in Pakistan, paving the way for a more secure and investor-friendly environment.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, emphasized the significance of this development:
“Pakistan is open for business. We welcome global blockchain innovators, crypto investors, and infrastructure leaders to join us in building a sustainable, tech-driven economy. The future of Web3 in Pakistan begins now.”
Pakistan as a Regional Crypto Hub
With this strategic initiative, Pakistan is positioning itself as a regional leader in blockchain adoption, aiming to attract significant foreign direct investment (FDI) and improve economic resilience through digital finance innovation. The country's commitment to fostering a transparent, secure, and compliant blockchain ecosystem is a signal to the global crypto industry: Pakistan is ready to lead the digital revolution.
