Pakistan is actively exploring the issuance of a rupee-backed stablecoin and accelerating its rollout of digital asset infrastructure, as experts warn the country could forfeit up to $20-25 billion in crypto-related growth if regulation lags. The initiative is part of a broader push to modernize remittances, boost financial inclusion and integrate digital assets into the mainstream economy.
Key steps include a pilot for a central bank digital currency (CBDC) developed with support from the World Bank and IMF, and the introduction of a national licensing framework for virtual asset service providers through the newly formed Pakistan Virtual Asset Regulatory Authority (PVARA). Industry insiders say the strategy aligns with Pakistan’s high crypto-adoption ranking and large unbanked population.
The plan positions Pakistan among the fastest-moving jurisdictions in digital-asset innovation, but implementation hinges on regulatory clarity, infrastructure readiness and cross-border payment partnerships. Observers say success could elevate the country into a regional fintech hub.
