Pakistan holds significant potential for the growth of digital assets, with an estimated 30 to 40 million Pakistanis already engaged in their use, according to Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Cryptocurrency.
Speaking at a press conference in Islamabad, the Chairman of Pakistan’s Virtual Asset Regulatory Authority (PVARA) outlined the government’s efforts to establish a regulated, transparent, and globally aligned framework for digital asset adoption.
He noted that, for the first time, a structured pathway in line with international standards has been created for digital asset exchanges. As part of this initiative, No Objection Certificates (NOCs) have been issued to major platforms, including Binance and HTX. Bilal Bin Saqib added that Pakistan now ranks among the world’s top three countries in adopting cryptocurrency regulations.
Emphasizing the significance of a legal and organized approach, Saqib said, “Without proper frameworks, inherent talent and capabilities cannot be fully leveraged.” He highlighted that the $100 trillion global bond market is moving towards digital rails, and Pakistan’s framework is not only beneficial for trading but also for industrial applications.
Looking ahead, he stated that within the next decade, Pakistan aims to strengthen its technological autonomy, enabling local industries to produce rather than import, and ensuring that the youth emerge as global experts rather than just consumers. “Pakistan has opportunities that very few countries possess. We want to regulate crypto and provide legal structures for talent to thrive,” he added.
Source: Dunya News
