Pakistan took a major step toward embracing the global digital economy with the signing of agreements between the Pakistan Crypto Council (PCC) and World Liberty Financial (WLF), aimed at promoting investment and innovation in the country’s nascent crypto sector.
The development comes at a time when Pakistan’s relationship with cryptocurrencies has been evolving. Although the State Bank of Pakistan (SBP) has historically maintained a cautious stance—banning banks from dealing in virtual currencies in 2018—growing public interest and global trends have kept the debate alive. In recent years, Pakistani policymakers have indicated a willingness to explore regulated frameworks for digital assets to harness their economic potential while managing associated risks.
The signing ceremony was attended by Federal Minister for Information Ata Tarar, PCC CEO Bilal Bin Saeed, and WLF Co-Chairman Zack Vetkoff. Speaking to the media, the dignitaries underlined the agreements’ significance and the growing potential of Pakistan’s crypto market.
Federal Minister Attaullah Tarar said the establishment of the Pakistan Crypto Council marked a pivotal move towards embracing emerging technologies. “Pakistan offers tremendous opportunities in the crypto sector,” he said. “Despite being a relatively new player, Pakistan has made remarkable progress in a short span of time.” He added that such initiatives would help accelerate economic growth and technological development.
Bilal Bin Saeed, CEO of PCC, welcomed Vetkoff to Pakistan, expressing optimism about the collaboration. Vetkoff praised Pakistan’s economic potential, calling it “one of the fastest-emerging economies” and stating, “We are excited to be part of its journey towards a vibrant financial future.”
The agreements are expected to foster innovation in the crypto space, strengthen cooperation between PCC and WLF, and encourage greater international investment in Pakistan’s digital economy.
