Bitcoin Comes to Pakistan: What It Means for the Country’s Future

Fintech, Market News, Personal Finance, Success Story |

Written by Haider Saleem
Financial and Political Analyst | LinkedIn / X

This June, a big name in the world of Bitcoin, Michael Saylor, joined an online meeting with Pakistan’s Finance Minister and crypto leaders. Saylor is famous for leading a company called Strategy, a software firm formerly known as MicroStrategy, which bought more Bitcoin than any other business. His involvement showed the world that Pakistan is serious about joining the digital economy.

Pakistan wants to become a leader in the world of digital money. The country is making plans to use Bitcoin as a type of national savings, build special places for Bitcoin mining, and even create jobs through technology like AI. But this big move brings both hope – like new jobs and global partnerships – and worry, including concerns about legal and political risks.

Who Is Michael Saylor?

Michael Saylor is an American tech entrepreneur who became one of the most well-known supporters of Bitcoin. He co-founded a company called Strategy (formerly MicroStrategy), which has bought more Bitcoin than any other company in the world. Saylor believes Bitcoin is the best way for countries and companies to protect their money over time. His participation in the online meeting shows that the country is being taken seriously in global crypto discussions.

What Is Pakistan Doing?

In March 2025, Pakistan set up the Pakistan Crypto Council (PCC). It’s run by Bilal Bin Saqib, a young leader who also became the State Minister for Crypto & Blockchain. The group launched major digital initiatives, including building Bitcoin mines and setting up rules for using digital money.

To help guide the plan, Pakistan created the Pakistan Digital Assets Authority (PDAA). This new office will make rules for using digital tools like cryptocurrencies, digital wallets, and blockchains. A new law is being written to make everything official.[2]

Michael Saylor’s online appearance in June added trust and attention to these efforts. He said that countries like Pakistan have a great chance to grow using digital money. He also agreed to give advice to help Pakistan shape its plan.[1]

Why Now?

Pakistan has some serious money problems. It owes a lot of money, prices are going up, and businesses are using less electricity. Yet, the government still has to pay power plants even when the electricity isn’t needed. These payments cost over $7 billion each year.[4]

So Pakistan has a new idea: use extra electricity for Bitcoin mining and AI data centers. This way, unused power won’t go to waste, the country could make money from it, and it might attract investors from abroad.

At a big conference in Las Vegas, Bilal Bin Saqib invited Bitcoin miners to come to Pakistan. The plan is to use old power plants, like the ones in Sahiwal and China Hub, which sit mostly unused because of low industrial demand, to power mining operations.[4]

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The Good and the Bad

What could go well:

  • Pakistan can earn money from unused electricity.
  • It may create tech jobs for young people.
  • Foreign investors might take Pakistan more seriously.
  • Special tax deals and quick permits could make it easier to build crypto projects.

What could go wrong:

  • Crypto trading is still not fully legal in Pakistan.[5]
  • Giving cheap electricity to Bitcoin miners could upset groups like the IMF, who are already helping Pakistan financially.[4]
  • The power grid is weak and may not handle big new projects.
  • Working with Trump-linked businesses may make other countries nervous.

Critics also say the money used for crypto projects might be better spent on industries like clean energy, farming, or IT centers that help more people over time.[5]

Final Thoughts

Pakistan is making bold moves into the world of digital money. From setting up its own Bitcoin savings to inviting big names like Michael Saylor, it wants to show it’s ready for the future. Looking ahead, the world is watching to see if Pakistan’s crypto plans will succeed. As digital finance evolves, Pakistan’s choices may set an example for other countries to follow or avoid.

References

  1. Dawn, 15 June 2025. “Bitcoin pioneer Michael Saylor lauds Pakistan’s crypto efforts”
  2. PID.gov.pk, 21 May 2025. “Pakistan to Establish Digital Assets Authority to Regulate and Accelerate the Virtual Asset Economy”
  3. The Print, 28 May 2025. “Why is Pakistan going all out on crypto? There’s a Trump angle”
  4. Cointelegraph, 12 June 2025. “Can Bitcoin fix Pakistan’s energy problem? The 2,000 megawatt mining strategy explained”
  5. Express Tribune, 16 June 2025. “From mining real gold to digital gold”

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