Islamabad, October 10, 2025 – Federal Minister for Parliamentary Affairs, Dr. Tariq Fazal Chaudhry, on Friday informed the National Assembly that the government has taken a decisive step toward regulating cryptocurrency in Pakistan.
Under the directives of the Prime Minister, the Pakistan Crypto Council has been established to develop a comprehensive regulatory and operational framework to oversee digital assets and ensure compliance with legal and financial standards.
Responding to queries during the Question Hour, the minister emphasized that the government does not intend to promote or discourage cryptocurrency. Instead, the objective is to introduce a lawful and transparent structure to prevent its misuse for unlawful financial activities. “Our approach is to manage the risks associated with cryptocurrency while ensuring that legitimate investors and innovators operate in a clear, regulated environment,” he stated.
Dr. Fazal Chaudhry highlighted that cryptocurrency remains a relatively new concept in Pakistan and requires careful institutional management rather than arbitrary decisions. He added that the upcoming framework aims to deter illegal transactions, money laundering, and tax evasion while ensuring accountability. The government, he said, has found no evidence so far of cryptocurrency being misused for hawala or other unlawful purposes but is acting preemptively to maintain financial integrity.
The minister noted that emerging technologies like Artificial Intelligence (AI), blockchain, and digital payment systems are transforming global economies, and Pakistan seeks to align with these innovations responsibly. A Special Assistant to the Prime Minister has been assigned to oversee cryptocurrency policy formulation to ensure alignment with international best practices and Islamic financial principles.
Dr. Chaudhry further stated that the government’s broader economic agenda focuses on stability, investment facilitation, and digital transformation. He mentioned that recent indicators show rising foreign remittances and investor confidence despite ongoing challenges. “Pakistan’s economy is showing resilience, and we are committed to strengthening the investment climate while promoting technological advancement,” he said.
He invited lawmakers to share constructive input for the evolving crypto regulation framework, assuring that their feedback will be reviewed by the concerned authorities to ensure a transparent, secure, and sustainable digital financial ecosystem.