In a groundbreaking development for Pakistan’s digital economy, the country has announced the establishment of its first government-backed Bitcoin reserve, marking a major leap into the world of cryptocurrency. The historic announcement was made by Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain & Crypto and CEO of the Pakistan Crypto Council, during the prestigious Bitcoin Vegas 2025 conference.
This strategic move positions Pakistan among a select group of nations embracing state-supported digital asset reserves, signaling a shift toward financial innovation and economic resilience. Bilal Bin Saqib emphasized that the initiative aims to strengthen Pakistan’s forex reserves, hedge against inflation, and integrate with global crypto markets. He also extended special thanks to former U.S. President Donald Trump, acknowledging his role in mediating recent Pakistan-India tensions and promoting cryptocurrency adoption worldwide.
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The Bitcoin reserve will be managed under the Pakistan Crypto Council, ensuring regulatory compliance and transparency. Experts suggest this could attract foreign crypto investments, boost fintech startups, and provide an alternative to traditional banking systems. The move comes amid growing global interest in Bitcoin as a reserve asset, following similar steps by countries like El Salvador and MicroStrategy.
The announcement has sparked optimism among crypto enthusiasts in Pakistan, where digital currency trading has surged despite past regulatory ambiguity. By officially endorsing Bitcoin reserves, the government aims to formalize the crypto ecosystem, reduce capital flight, and enhance financial inclusion.
However, challenges remain, including market volatility, security risks, and international scrutiny. Critics question whether Pakistan’s economy is ready for such a bold step, given its rupee instability and IMF obligations. Supporters argue that diversifying reserves with Bitcoin could reduce dependency on the dollar and open new economic opportunities.
As Pakistan enters the crypto reserve era, the world watches closely will this gamble pay off, or will volatility undermine its ambitions? One thing is certain: Pakistan is betting big on Bitcoin’s future.
