Finance Minister Urges State Bank to Consider Cryptocurrency Regulations in Pakistan
Finance Minister Muhammad Aurangzeb urges the State Bank of Pakistan (SBP) to explore cryptocurrency regulations. Learn about Pakistan’s stance on digital assets and economic reforms.
Finance Minister Muhammad Aurangzeb has called on the State Bank of Pakistan (SBP) and relevant regulators to approach cryptocurrency regulations with an open mind. Speaking at the Pakistan Banking Summit 2025 in Karachi, he emphasized the growing importance of digital assets and the need for Pakistan to stay ahead of regulatory challenges.
Finance Minister’s Stance on Cryptocurrency
During his address, the Finance Minister highlighted that digital assets are gaining momentum in informal markets worldwide. He urged proactive policymaking to ensure these financial instruments are properly regulated in emerging economies like Pakistan.
While acknowledging that cryptocurrency regulation falls under SBP’s jurisdiction, he encouraged policymakers to consider digital assets as a means to enhance financial inclusion and economic growth.
Pakistan’s Digital Banking & Financial Reforms
The Finance Minister also outlined Pakistan’s progress in digital banking, stressing the government’s commitment to:
✔ Reducing cash dependency through increased adoption of POS machines and QR codes.
✔ Encouraging deregulation and privatization to attract foreign direct investment (FDI).
✔ Implementing structural economic reforms in taxation, energy, and the Federal Board of Revenue (FBR) to promote sustainable economic growth.
He reiterated that these measures are crucial for breaking Pakistan’s boom-and-bust economic cycle and positioning the country as a tech-driven financial hub.
What’s Next for Cryptocurrency in Pakistan?
The discussion on cryptocurrency regulations in Pakistan comes amid a global shift towards AI-driven financial solutions and digital assets. The Finance Minister’s statement signals a potential policy shift, but it remains to be seen how SBP will respond to this call for open-minded regulation.
As Pakistan navigates its digital financial transformation, the regulation of cryptocurrencies could play a vital role in financial inclusion and economic modernization. The Finance Minister’s remarks indicate a forward-thinking approach towards digital finance and economic growth. However, the final decision rests with the SBP and relevant authorities.
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