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ISLAMABAD: In a move that signals Pakistan’s intent to embrace the future of digital finance, Prime Minister Shehbaz Sharif recently led a high-level discussion on integrating Bitcoin mining and real-world asset tokenization into the national economic framework.
The meeting, attended by key government officials and global blockchain leaders, explored strategies to establish a $3.5 billion Bitcoin mining infrastructure while leveraging blockchain technology for economic transformation.
The session was graced by Finance Minister Muhammad Aurangzeb, IT Minister Shaza Fatima Khawaja, and State Bank of Pakistan Governor Jamil Ahmad, alongside executives from renowned blockchain firms such as Genesis Group and Polymath Canada.
Industry leaders detailed a roadmap that could propel Pakistan to the forefront of crypto-friendly nations, unlocking new revenue streams and attracting foreign investment.
The Power of Tokenization
Discussions revolved around tokenizing real-world assets including real estate, commodities, and securities to enhance transparency and accessibility in the financial sector.
Experts highlighted how asset tokenization could revolutionize Pakistan’s economy by increasing liquidity, reducing fraud, and simplifying transactions for local and international investors.
Bitcoin Mining: A Game-Changer for Pakistan?
With its potential to generate billions in revenue, Bitcoin mining is being considered a cornerstone of Pakistan’s digital strategy. Representatives from Genesis Group, a global leader in cryptocurrency mining, outlined how the country’s energy resources could be optimized to support sustainable mining operations. Policymakers emphasized the need for regulatory frameworks to ensure compliance while fostering a favorable investment climate.
Prime Minister Shehbaz Sharif directed the Pakistan Crypto Council to collaborate with industry leaders and propose a concrete plan for deploying mining infrastructure and asset tokenization initiatives. Additionally, he underscored the urgency of formalizing cryptocurrency regulations to position Pakistan as a blockchain hub in South Asia.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, emphasized Pakistan’s commitment to digital transformation. “Pakistan is open for business. We are inviting global investors to explore opportunities in Bitcoin mining, data centers, and blockchain-driven asset tokenization,” he stated.
