Finance Minister Muhammad Aurangzeb on Monday called on the State Bank of Pakistan (SBP) and other concerned regulators to consider cryptocurrencies with an open mind.
He said this while speaking at the Pakistan Banking Summit 2025 in Karachi. He said digital assets were gaining traction in informal markets and there was a need to stay ahead of regulatory challenges.
The Finance Minister noted that emerging markets are increasingly focusing on AI and digital assets to enhance financial inclusion. He acknowledged that cryptocurrency regulation remains within SBP’s jurisdiction but urged proactive policymaking to make such assets commonplace in growing economies like Pakistan.
The minister also highlighted Pakistan’s progress in digital banking. He said the country is committed to reducing cash dependency through the wider adoption of POS machines and QR codes. He also reassured that deregulation and privatization were the top priorities of the coalition government. This is a must to attract foreign direct investment (FDI) into different sectors of the economy,” he stated.
The Finance Minister vowed that Pakistan will continue structural economic reforms, particularly in taxation, energy, and the Federal Board of Revenue (FBR), to break the boom-and-bust cycle and ensure sustainable growth.
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I request State Bank of Pakistan not to allow any Crypto in Pakistan, this will be the last nail in the coffin, please take care of some wealth which is in tact in Pakistan and the country is being run on that, if you allow this Crypto then everyone start investing in it and when the market of Crypto is on the low then you cannot imagine how much money will be lost and go in the pockets of handlers. Please take care of the Pakistan economy and never allow this Crypto which is actually Cruppto.
The government has inducted this Banker as Economist so this Banker always only focus “Money” not the “Economy”.