Pakistan has taken a bold step into the digital future by unveiling an ambitious national strategy to adopt cryptocurrency and blockchain technology. The country is signaling to the world its intent to become a serious player in the global digital asset economy through initiatives like the creation of a Strategic Bitcoin Reserve and high-level collaboration with the United States. For a nation like Pakistan that has perpetually remained constrained by financial instability, underbanking, and limited access to international capital, crypto offers not just innovation but reinvention.
This strategic shift promises significant benefits, including unlocking new sources of revenue, attracting investment into digital infrastructure, and empowering millions of unbanked citizens through decentralized financial tools. Moreover, Pakistan’s plan to convert surplus electricity into crypto-mining power and its outreach to global crypto leaders suggest a desire to leapfrog outdated financial systems and tap into a borderless, inclusive digital economy.
However, aspirations alone will prove to be inadequate. Pakistan faces considerable hurdles, from high electricity costs and poor infrastructure to regulatory uncertainty and international scrutiny over financial compliance. The country’s crypto strategy is as much a high-stakes bet as it is a vision for economic transformation.
In this story, Profit explores Pakistan’s crypto journey: the bold policy moves, the global alignments, and the structural weaknesses that need to be fixed to turn this grand vision into reality. As other nations cautiously step into the crypto era, Pakistan’s path offers a revealing case study of what it means to go all-in on the future of finance, while still wrestling with the realities of the present. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
