Finance Minister Urges Open-Minded Crypto Approach

At the First Pakistan Banking Summit 2025 in Karachi, Finance Minister Muhammad Aurangzeb underscored the need for greater digitisation in Pakistan’s banking sector. He urged authorities, especially the State Bank of Pakistan (SBP), to approach cryptocurrency with an open mind, recognising its growing presence in the informal market.

He highlighted that Pakistan is actively working towards a cashless society, leveraging digital banking, POS systems, and QR codes. Reflecting on discussions from the AlUla Conference in Saudi Arabia, he noted that emerging markets are embracing AI and digital assets to enhance financial inclusion. While acknowledging SBP’s role in regulating cryptocurrency, he encouraged a broader perspective on its potential.

Aurangzeb reaffirmed the government’s commitment to structural reforms, particularly in taxation, energy, and financial digitisation. He emphasised the importance of regional collaboration and private sector-driven growth, drawing on global insights from finance leaders.

He also stressed the need for stronger economic ties with the GCC, Africa, and Central Asia, positioning Pakistan for greater regional trade and investment. With ongoing reforms and a focus on financial innovation, he expressed confidence in Pakistan’s path toward sustainable and inclusive growth.