Islamabad, Apr 10, 2025: Crypto success in Pakistan is no longer a distant dream it is fast becoming a tangible reality. With rapid developments in regulatory frameworks and taxation policies.
The Pakistani government is now actively working toward recognizing cryptocurrency as a legal and taxable digital asset.
This shift marks a major milestone for the country’s tech and financial ecosystem, positioning Pakistan on the global crypto map.
Pakistan Prepares to Legalize Crypto
The government has entrusted former Chief Minister and current Finance official with the task of drafting comprehensive legislation for cryptocurrency.
This framework will determine the future of crypto in the country addressing its legality, taxation, and usage for trade and investment.
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While cryptocurrency transactions and trading are already happening widely in Pakistan, the Federal Board of Revenue (FBR) has remained largely inactive.
Despite the rising number of crypto users, no formal tax has been imposed yet. However, that is about to change.
FTO Pressures FBR to Act
The Federal Tax Ombudsman (FTO) recently issued a directive to the FBR to address the growing number of crypto traders who are willing to pay taxes but receive no guidance.
In one reported case, a crypto trader from Islamabad filed a complaint stating that he was ready to declare his holdings, but FBR failed to provide a legal avenue for doing so.
The FTO criticized the FBR’s negligence and instructed it to create a robust system that allows crypto traders to fulfill tax obligations. The pressure is mounting, especially with the next budget cycle approaching fast.
Suggested Tax Models for Crypto
Industry groups such as the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have proposed tax slabs for crypto earnings:
- 5% on income kept in foreign currency accounts
- 10% on local digital wallet earnings
- 15% flat for general crypto income
Some financial experts argue that a 30% corporate tax similar to India’s policy could help the FBR generate over Rs 20 billion annually if implemented correctly.
Crypto Legal Status Worldwide
Cryptocurrency is currently legal and regulated in over 100 countries, including:
- United States
- United Kingdom
- Japan
- Germany
- Australia
- Canada
- UAE
- India (regulated and taxed at 30%)
Even countries that haven’t fully legalized crypto allow trading under surveillance, marking a trend toward global digital finance adoption.
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FBR and SECP: Next Steps
The FBR has hinted at categorizing cryptocurrency under digital assets, alongside stocks and bonds, which are taxed at 0% to 35% depending on income. However, official implementation remains pending.
The Securities and Exchange Commission of Pakistan (SECP) has yet to issue concrete guidelines.
Still, if the Crypto success in Pakistan narrative continues, the upcoming budget may finally introduce standardized crypto taxation.
Conclusion: A New Era Is Near
With legal recognition on the horizon, Crypto success in Pakistan is more than a catchphrase it’s a movement.
As traders, regulators, and policymakers align, Pakistan is poised to join the global crypto economy with transparency, fairness, and innovation.
