In a major development for Pakistan's digital finance future, the Pakistan Crypto Council (PCC) is gearing up for a high-level meeting on June 2, aimed at shaping the country’s evolving crypto landscape.
The meeting will be chaired by Finance Minister Senator Muhammad Aurangzeb, with key participation from Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto, who also serves as the PCC’s CEO.
This gathering marks a significant step as Pakistan moves closer to building a comprehensive digital currency policy. According to the finance ministry’s press release, top priorities include drafting a solid regulatory framework for digital and virtual assets, aligning with global standards while keeping pace with rapid technological change.
One of the most talked-about items on the agenda is the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA) — a proposed autonomous body to supervise the country’s digital finance ecosystem. The PCC believes this move will pave the way for a secure, transparent, and innovation-friendly regulatory environment, encouraging responsible blockchain adoption, investor protection, and broader financial inclusion.
“The upcoming meeting underscores the government’s commitment to shaping a future-ready financial infrastructure,” said the statement, highlighting a focus on both innovation and regulatory compliance in the growing digital economy.
Interestingly, this proactive stance comes just a day after the National Assembly’s Standing Committee on Finance reiterated that cryptocurrencies remain illegal in Pakistan. However, this hasn’t stopped the country from making historic moves.
In a bold announcement, Bilal Bin Saqib unveiled Pakistan’s first government-led Strategic Bitcoin Reserve, positioning it as a sovereign holding — not for trading or speculation, but as a long-term asset under state control. Addressing a global audience that included US Vice President JD Vance, Eric Trump, and Donald Trump Jr, Saqib portrayed Pakistan as a forward-looking digital hub, powered by its young tech-savvy population.
With over 20 million active crypto users and a growing transaction volume exceeding $20 billion, Pakistan currently ranks 3rd in the Global Crypto Adoption Index. Add to that $35 billion in annual remittances, and it’s clear why adopting a comprehensive digital currency policy is becoming crucial for national growth.
As Pakistan navigates the complex crypto landscape, the upcoming PCC meeting could very well lay the foundation for a robust and future-proof digital financial system.
