Pakistan Rolled out Its Crypto Regulatory Regime Applying Just 8% of Its Budget
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Pakistan has launched its virtual asset regulatory regime in less than six months while using 8% of the budget allocated to build it, according to Bilal Bin Saqib, the country’s Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).
Key facts
Speaking at Bitcoin Asia in Hong Kong on August 28, Saqib said approximately $200,000 was used to build and operationalize the new regulatory framework, leaving roughly 92% of the approved budget
Pakistan has launched its virtual asset regulatory regime in less than six months while using 8% of the budget allocated to build it, according to Bilal Bin Saqib, the country’s Minister of State
You can watch Saqib’s full appearance at Bitcoin Asia 2026
We used only 8% of our approved budget to get this done,” Saqib announced
Summary
Speaking at Bitcoin Asia in Hong Kong on August 28, Saqib said approximately $200,000 was used to build and operationalize the new regulatory framework, leaving roughly 92% of the approved budget unspent. “We used only 8% of our approved budget to get this done,” Saqib announced. Pakistan moved from primary legislation to notified regulations and a live licensing regime in under six months, establishing a formal pathway for companies operating in the digital asset sector. The framework covers activities including exchanges, custody, brokerage, asset management, lending and settlement, while introducing requirements around governance, anti-money laundering and counter-terrorism financing, customer asset safeguarding, cybersecurity and market conduct.