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NextStep Solutions, A-26, PECHS, Block 6 , Shahrah-e-Faisal, Karachi (2026)

21/05/2025

Pakistan is taking a decisive step toward legitimizing its crypto economy.
The launch of the Pakistan Digital Assets Authority (PDAA) aims to bring structure, security, and strategic direction to a $25 billion digital asset market.

Backed by the Finance Ministry, the PDAA will oversee exchanges, wallets, tokenized assets, and even DeFi.
The vision? To make Pakistan a competitive player alongside tech-forward hubs like Singapore and the UAE.

This isn’t just about controlling crypto—it’s about unlocking its full potential.
The authority plans to support Bitcoin mining using surplus energy, tokenize national assets, and create space for Web3 startups.

It also paves the way for legal clarity for both local entrepreneurs and foreign investors.
The PDAA’s FATF-compliant framework ensures global trust while signaling Pakistan’s seriousness about transparency.

As Bilal Bin Saqib of the Pakistan Crypto Council put it, this marks the beginning of a smarter, more inclusive financial era.
Pakistan isn’t just adopting digital assets—it’s preparing to lead with them.

17/05/2025

A controversial crypto agreement is now in the spotlight, and not just in Pakistan. The signing of a deal between World Liberty Financial and the Pakistan Crypto Council has triggered strategic alarm bells in India, particularly due to its timing after the Pahalgam incident and the high-profile names involved.

What’s at stake is more than blockchain innovation. The involvement of Pakistani Army Chief Asim Munir and a delegation linked to Donald Trump’s inner circle—including Steve Witkoff’s son—raises deep geopolitical questions.

The agreement outlines ambitions to tokenize assets, launch stablecoins, and build a DeFi-focused sandbox in Pakistan. While the official aim is financial inclusion and digital growth, critics point to the deeper implications of military influence and foreign political ties in economic decisions.

General Munir reportedly played a central role, facilitating a closed-door meeting with Prime Minister Shehbaz Sharif and the US delegates. This intersection of military authority and foreign crypto interests has stirred suspicion across the border in India.

No statement yet from Trump’s camp or the US State Department. But in Delhi, analysts are already labeling the deal as a strategic maneuver wrapped in financial packaging.

This isn’t just about crypto anymore. It’s about who controls the infrastructure of future economies—and how closely that power is tied to national defense and international alliances.

10/01/2025

Pakistan is making significant strides in regulating the rapidly evolving cryptocurrency market. Senator Dr. Afnan Ullah Khan has introduced the “Virtual Assets Bill 2025,” a groundbreaking legislative initiative aimed at establishing a comprehensive framework for virtual assets, including cryptocurrencies and blockchain-based technologies.

The bill outlines the creation of a Digital Rupee, pegged to the Pakistani Rupee, under central bank oversight. This will ensure secure and regulated issuance, use, and trading of virtual assets within Pakistan. Key features include the establishment of Virtual Asset Zones, designed to promote trading, ensure financial stability, and combat illicit activities such as money laundering and terrorism financing.

A National Virtual Assets Regulatory Commission will oversee licensing, auditing, and compliance, with strict penalties for non-compliance. The zones will also benefit from tax incentives and renewable energy resources, supporting sustainable economic growth.

The legislation seeks to encourage foreign investment by offering tax exemptions for up to three years for international blockchain projects. Additionally, a portion of revenue generated will be allocated to local infrastructure and education programs, fostering innovation in blockchain technology.

This bill marks a pivotal step in shaping Pakistan's digital economy and positioning the country as a global player in the blockchain and cryptocurrency space.

24/12/2024

The BITCOIN Act of 2024, formally titled the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024, seeks to establish a Strategic Bitcoin Reserve to manage the U.S. government’s Bitcoin holdings transparently. This legislation was introduced in the Senate on July 31, 2024, under the Senate Committee on Banking, Housing, and Urban Affairs.

The bill directs the Department of the Treasury to purchase one million Bitcoins over a five-year period. These Bitcoins will be held in trust for the United States and cannot be used or sold for at least 20 years, except for retiring outstanding federal debt. This long-term approach ensures the U.S. maintains a significant stake in cryptocurrency as a strategic asset.

To securely store these holdings, the legislation mandates the creation of a Strategic Bitcoin Reserve, consisting of a decentralized network of facilities across the country. All existing U.S. Bitcoin holdings will be transferred to this reserve, which will also allow states to voluntarily store their Bitcoin holdings in segregated accounts within the reserve.

The bill also introduces changes to the Federal Reserve System. It reduces the surplus dollar holdings of Federal Reserve banks and requires them to allocate a portion of their annual net earnings toward purchasing Bitcoin. This measure offsets the costs associated with building and maintaining the Strategic Bitcoin Reserve while reinforcing the government's commitment to innovation and financial stability.

17/12/2024

Binance has unveiled Binance Alpha, a new platform designed to spotlight emerging, early-stage crypto projects. Integrated with Binance’s web3 Binance Wallet, this initiative will act as a selection pool for pre-list tokens, allowing users to explore potential Alpha projects.

Binance Alpha enhances transparency in the token listing process. Winson Liu, the global lead of Binance Wallet, emphasized that the platform will foster community trust by showcasing carefully curated projects with strong traction, community interest, and trending potential.

The platform will also provide an opportunity for users to explore and purchase tokens through its Quick Buy feature. Once the spotlight period ends, tokens will remain accessible via the Markets tab.

To maintain credibility and combat misinformation, Binance will make all official announcements about Binance Alpha tokens via its Binance Wallet, social channels, and its verified WhatsApp account.

The first five tokens on Binance Alpha will debut on December 18, 2024, marking a significant step in Binance’s efforts to connect users with promising web3 projects.

05/11/2024

Cyrpto Legalization in Pakistan !

Pakistan's government has proposed amendments to the State Bank of Pakistan (SBP) Act that could legalize digital currencies, including cryptocurrencies like Bitcoin. If approved, this marks a major shift from the SBP’s traditionally cautious stance, potentially making digital assets legal tender.

The amendments would allow dual nationals to serve in SBP’s leadership roles, expanding the talent pool and retaining key figures like Deputy Governor Dr. Inayat Husain. Additionally, they would grant SBP authority over digital currency issuance, enabling it to regulate digital and physical currency alike.

For Pakistan's crypto community, this brings long-awaited regulatory clarity, opening doors for investment, innovation, and job creation in the fintech sector. The proposal, reviewed by the Ministry of Law, awaits cabinet and parliamentary approval to potentially establish Pakistan as a crypto-friendly nation.

Source: Express Tribune

21/10/2024

FBR is drafting a new law to end the categories of “late-filers” and “non-filers” from the Income Tax Law as per media sources;

Draft bill is under preparation to end both concepts of non-filers & late-filers. Everyone has to justify his sources of income for carrying out financial transactions like purchase of properties & vehicles. Different monetary limits and thresholds would be proposed in the new law for explaining sources of income.

If a person is filer and able to justify his sources of income, his family including wife (non-filer), mother/father (non-filer), son-age below 25 years (non-filer) and unmarried/divorced/widow daughter would not be required to file return for carrying out financial transaction. In this family tree, the filer has to give sources of income before carrying out financial transactions of his family.

Transactions of general public would be covered under the new law as well e.g people can buy motorcycles and old cars up to 1300cc, but have to declare sources for purchasing vehicles above 1300cc. Property transactions up to Rs 10 million without any restriction may be allowed.

FBR will provide information to all banks based on individuals’ declared incomes in taxreturns and establish a specific limit; any financing transactions that exceed this threshold will be reported to the FBR. This system is expected to be implemented in coming months.

02/11/2023

USD/PKR update 3rd November 2023.Current Interbank Closing Rs.283.64.Reference to our last post dated 17th October 2023.

Be cautious in USD/PKR there may be a sharp fall in Dollar price as we have reached to our target area of Rs. 284.

As we have IMF delegation for discussion and it is expected that Pakistan will successfully receive the 2nd Tranche of SBA.

In worst case scenario PKR may get the hit towards Rs.288 however chances are very less.

Our target price for USD/ PKR intact at Rs. 270-265-260 in the coming weeks.

Regards
NextStep Solutions

17/10/2023

USD can bounce again towards Rs.282-284 area from today's low of Rs.275.10 in the interbank market .

This will be short upside move as relief rally for USD. Major trend will remain down and will be favourable for PKR.For more details and updates feel free to contact .

Regards
NextStep Solutions

23/09/2023

Dollar forcast Rs.270-242. Our Views on PKR/USD and the economy . Operation against dollar mafia .

06/09/2023

Chief of Army Staff (COAS) General Asim Munir on Sunday assured the business community of fostering transparency in dollar exchange and interbank rates.

“The money exchanges would be brought under the purview of taxation, fostering transparency in dollar exchange and interbank rates,” the COAS said while talking to the business community at a meeting held at the Lahore Corps headquarters.

The army chief highlighted the pivotal role of the Special Investment Facilitation Council (SIFC), emphasising its potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, the UAE, Kuwait, and others. To bolster economic decision-making, he revealed the formation of task forces focused on economic matters and different sectors.

29/08/2023

Twitter Obtains Currency Transmitter License !

Elon Musk has ambitious plans to turn Twitter into a "payment hub" that allows users to send and receive cryptocurrency.

As part of this plan, Musk's company has been acquiring the necessary licenses to operate a cryptocurrency business in the United States.

Most recently, Twitter Payments LLC, a subsidiary of Twitter, was granted a "Currency Transmitter" license by the State of Rhode Island. This license allows Twitter Payments to store, transfer, and exchange digital assets on behalf of its users.

This specific license empowers X to store, transfer, and exchange digital assets on behalf of its users. Nonetheless, the decision of whether Elon Musk will permit X to offer cryptocurrency-related services remains uncertain.

The billionaire entrepreneur has already made it clear that X will not introduce its own cryptocurrency token due to the prevalence of misleading promotions involving recently launched tokens bearing name similarities to the "everything app."

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