Pakistan Establishes Crypto Council to Attract 64% Young Workforce to Blockchain Finance

Pakistan is making significant strides towards becoming a global leader in blockchain finance by developing a comprehensive regulatory framework for cryptocurrencies. The country aims to attract foreign investment and foster the growth of its Web3 ecosystem through this strategic move. The Pakistani government has established the Pakistan Cryptocurrency Council (PCC) to oversee the integration of blockchain technology and digital assets into the financial sector. Finance Minister Muhammad Aurangzeb heads this council, which is tasked with creating a clear and supportive regulatory environment for the crypto industry.

Bilal bin Saqib, the CEO of the Pakistan Crypto Council, has highlighted Pakistan's potential to become a major player in the blockchain-powered finance sector. With 64% of its population under the age of 30, Pakistan possesses a digitally skilled young workforce that is ready to contribute to the Web3 industry. The government's initiative to establish a regulatory framework for cryptocurrencies is part of a broader strategy to leverage this demographic advantage and position Pakistan as a leading crypto center in South Asia, on par with global hubs like Dubai and Singapore.

Saqib's appointment as the Chief Advisor to the Finance Minister in March 2025 underscores the government's commitment to digital asset management. His expertise in AI applications and cryptocurrency development is being utilized to enhance governmental efficiency and drive public sector innovation. The establishment of the Pakistan Crypto Council is a testament to the government's proactive approach to embracing blockchain technology and digital assets.

Pakistan's move towards cryptocurrency regulation aligns with a broader trend in Asia, where several countries are adopting pro-crypto policies. The country's strategy is influenced by the positive approach to cryptocurrency taken by President Donald Trump, who has emphasized the importance of digital assets in the global financial landscape. By following this trend, Pakistan aims to stay competitive in the rapidly evolving crypto market and attract international investment.

The Pakistan Crypto Council is expected to facilitate the integration of blockchain technology and digital assets into the financial system. The council will create regulatory sandboxes that provide fast-track systems for crypto startups, allowing them to operate within a controlled and compliant environment. Additionally, Pakistan is collaborating with the UAE, Nigeria, and Turkiye to learn from their regulatory models and develop effective policies for the crypto sector.

Regarding taxation, the Pakistani government intends to implement a balanced pro-growth tax structure to encourage foreign investment in the crypto sector. This approach is designed to create a favorable environment for crypto businesses and investors, positioning Pakistan as a regional leader in digital finance. The legalization of cryptocurrency in Pakistan is expected to significantly boost the country's fintech sector, attracting international investment and fostering innovation in the industry.

In summary, Pakistan's plans to legalize cryptocurrency and establish a regulatory framework are aimed at attracting foreign investment, boosting adoption, and positioning the country as a leader in blockchain finance. The country's low operating costs, high-growth market, and proactive approach to regulation make it an attractive destination for crypto businesses and investors. By embracing blockchain technology and digital assets, Pakistan is poised to become a major player in the global crypto landscape.