May 2025

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Bilal bin Saqib, Pakistan Crypto Council’s (PCC) CEO and Special Advisor to Prime Minister announced Pakistan’s first government led Strategic Bitcoin Reserve in the Bitcoin Vegas 2025 event held in Las Vegas, USA. This will be a digital wallet at national level “holding digital assets already in state custody — not for sale or speculation, but as a sovereign reserve signalling long-term belief in decentralised finance.” as per Saqib.

Senator Faisal Vawda, who was a part of the proceedings suggested that a one-time amnesty scheme be offered to these businesses to return to Pakistan. However, FBR officials revealed that such a scheme is not possible because Pakistan is bound by agreements to the Financial Action Task Force (FATF), which monitors money laundering. Given that Pakistan is undergoing an International Monetary Fund (IMF) program, it cannot go back on its commitments to international lenders and organizations.

Sources:

https://bloompakistan.com/fbr-reveals-real-estate-firms-and-businesses-moving-to-uae/