Pakistan’s Finance Minister Muhammad Aurangzeb has highlighted the Pakistan Crypto Council’s (PCC) crucial role in shaping the country’s future in digital assets and blockchain technology.
Speaking at the council’s inaugural meeting in Islamabad on Friday, Aurangzeb said the body would act as a central platform, bringing together regulators and industry stakeholders to develop a responsible and forward-looking regulatory framework for cryptocurrencies.
He reaffirmed the government’s commitment to fostering a transparent and future-ready financial ecosystem that attracts investment, empowers youth, and positions Pakistan as a leader in emerging technologies.
The meeting concluded with a consensus on carefully navigating Pakistan’s approach to blockchain and cryptocurrencies, ensuring economic stability while maximising the potential of digital assets.
Earlier this month, the federal government officially launched the PCC to regulate and integrate blockchain technology and digital assets into the country’s financial system, according to a statement from the Finance Division.
The announcement follows the recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for the council. The PCC is a government-backed initiative designed to regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan’s economic framework.
A statement from the Finance Division described the council’s formation as a significant step in the country’s efforts to adopt digital finance, positioning it as a key player in the global shift towards blockchain technology.
The council will be led by Finance Minister Muhammad Aurangzeb, with its immediate board comprising the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Law Secretary, and the Federal IT Secretary.
