ISLAMABAD: Pakistan has announced its first-ever government-supported Bitcoin reserve, marking a major step in the country’s digital economy.
According to media reports, the announcement was made by Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto, and CEO of the Pakistan Crypto Council (PCC).
The announcement took place during the Bitcoin Vegas 2025 event. During the event, Bilal Bin Saqib expressed special thanks to former US President Donald Trump. Sources say he praised Trump for his role in promoting crypto adoption and helping ease recent tensions between India and Pakistan.
US Vice President JD Vance, Eric Trump, and Donald Trump Jr. were also present at the event.
Sources revealed that Pakistan now has around 40 million crypto wallets, making it one of the largest and most active freelance economies in the world.
ALSO READ >>> Roti to get cheaper as CM announces new price based on flour rate cut
In his speech, Bilal Bin Saqib also announced the launch of a national Bitcoin wallet. This wallet will store digital assets already held by the state.
The government has allocated an extra 2,000 megawatts of electricity in the first phase to support Bitcoin mining and AI data centers.
Officials say this move will open doors for independent miners, tech companies, and international blockchain firms. The government also announced the creation of the Pakistan Digital Assets Authority, which will regulate blockchain-based financial systems.
Lahore: New mobile Bazars to offer official-rate goods in underdeveloped areas
