Business Desk 
Oct 11, 2025
Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry told the National Assembly on Friday that cryptocurrency is not being used for illegal purposes in Pakistan, as the government works to establish a formal regulatory structure for digital assets.
Responding to questions during the NA’s Question Hour, Tariq Fazal said the government had set up the Pakistan Crypto Council (PCC) on the prime minister’s directives to develop a regulatory and operational framework for cryptocurrency.
“The government neither intends to promote nor to ban cryptocurrency,” the minister clarified. “We want to bring it under a structured, legal, and institutional framework.”
He also said there was no evidence of crypto-related money laundering or any other financial crime in Pakistan, though he noticed that regulation was needed to respond to the emerging risks of the market.
Additionally, the minister said that emerging technologies such as artificial intelligence and blockchain are increasingly becoming vital aspects of global business models, and Pakistan is responding to the transitions by ensuring a continuous power supply and institutional support for the technology sector.
The Ministry of Finance expressed that the Virtual Assets Ordinance 2025—issued in July—created the Pakistan Virtual Assets Regulatory Authority (PVARA) as an independent institution that is authorised to license Virtual Asset Service Providers (VASPs) and potentially respond to them.
Moreover, PVARA will determine the legality of crypto-related entities once it begins operations and whether they will affect Pakistan’s financial system.
During the session, PPP MNA Sehar Kamran raised concerns about the “contradictions” occurring as the government promotes and denies crypto policies at the same time, positing that policies failing to do this damage financial transparency and national security. She requested a clear policy, a unified policy that is in line with global financial architecture.
However, Fazil assured lawmakers that all financial reforms, including those related to cryptocurrency, would comply with Islamic principles and support Pakistan’s broader goal of fostering innovation and investment.
