Karachi, March 31, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the federal government to introduce a comprehensive tax incentive scheme for cryptocurrency and fintech in the upcoming Budget 2026–27, aiming to bring digital assets into the formal economy.
In its budget recommendations, ICMAP emphasized that Pakistan’s fintech ecosystem is expanding rapidly, yet high taxation and regulatory uncertainty continue to hinder formal growth—particularly in cryptocurrency trading and blockchain-based financial services. The institute proposed the introduction of a dedicated Financial Sector Incentive Scheme to support innovation and investment in the digital economy.
ICMAP suggested offering qualifying fintech companies concessionary corporate tax rates ranging between 10% and 15%, or implementing a phased taxation model, provided that firms meet licensing and regulatory compliance requirements. According to the institute, such measures would not only promote transparency but also encourage voluntary compliance among crypto traders and service providers.
The policy proposal is designed to help formalize digital financial activities, reduce reliance on informal channels, and expand the country’s taxable base. By integrating cryptocurrency trading into the regulated financial system, Pakistan can improve monitoring, reporting, and governance within the sector.
ICMAP also highlighted the expected economic benefits of the proposed framework. It estimated that the initiative could generate Rs5–10 billion in new taxable business activity over the next five years. Additionally, it would contribute to the expansion of the formal digital economy, increase investor confidence, and enhance the adoption of modern financial technologies.
Experts believe that a well-regulated incentive-driven approach could position Pakistan as a competitive player in the global fintech and digital assets space while ensuring sustainable long-term revenue growth for the government.