Will Pakistan Finally Legalize Cryptocurrency? Latest Government Update

Prime Minister Shehbaz Sharif announced on Wednesday that government is actively evaluating the regulation of digital currencies in Pakistan. Recognizing the increasing role of cryptocurrency in global finance, he assured that authorities are carefully analyzing its benefits and risks before making any policy decisions.

During a meeting of Economic Advisory Council (EAC), PM Shehbaz emphasized the need for thorough consultations regarding digital currency regulation. A source from Prime Minister’s Office (PMO) revealed that government acknowledges the global shift towards digital transactions and aims to make informed choices to ensure economic stability.

EAC members expressed confidence in government’s economic strategies and provided recommendations for strengthening economic growth. PM Shehbaz welcomed their input and instructed relevant departments to collaborate with the council to develop a comprehensive action plan for financial reforms, including cryptocurrency regulation.

PM Stressed Collective Efforts for Economic Progress

Highlighting Pakistan’s economic priorities, prime minister stressed that economic progress relies on collective efforts rather than individual actions. He reaffirmed his government’s commitment to sustainable development, particularly by leveraging regional trade opportunities to boost economic growth.

PM Shehbaz also emphasized the importance of making local industries more competitive in international markets. He identified key focus areas, including industrial growth, agriculture, IT development, job creation, and export expansion, to strengthen Pakistan’s economic position.

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To support the digital economy, the prime minister called for the establishment of green data centers and improved telecommunications infrastructure. He stressed that expanding internet access in remote areas would empower freelancers and boost IT exports, further contributing to economic progress.

PM Shehbaz urged officials to convert discussions into actionable policies. Meeting participants acknowledged Pakistan’s improving economic trajectory, noting that price stability had led to increased production. They also praised government’s efforts in defying negative economic projections and earning recognition from global financial institutions.

Additionally, attendees appreciated the prime minister’s focus on institutional reforms, stating that improvements in taxation, regulatory frameworks, and business-friendly policies had created a more conducive environment for growth. As Pakistan continues to assess the future of cryptocurrency, government remains committed to economic stability and technological advancement.