Binance founder Zhao appointed adviser to Pakistan Crypto Council

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb (left), chairs a meeting with co-founder and former CEO of Binance Changpeng Zhao (second right), in Islamabad, Pakistan, on April 7, 2025. (PID) 
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Updated 07 April 2025
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Binance founder Zhao appointed adviser to Pakistan Crypto Council

  • Pakistan Crypto Council formed this year to set regulatory guidelines for adoption, lure foreign investment
  • Cryptocurrencies including bitcoin are not officially regulated in Pakistan but are not illegal or banned

KARACHI: One of the world’s most powerful people in crypto, co-founder and former CEO of Binance Changpeng Zhao, has been appointed as a strategic adviser to the Pakistan Crypto Council (PCC), the finance ministry said on Monday. 

The announcement came after Zhao met key members of the PCC on Monday, including Federal Minister for Finance Muhammad Aurangzeb, who is the chairman of the council, and Bilal Bin Saqib, its CEO. Zhao also separately met the Pakistani prime minister and deputy PM in Islamabad.

The PCC, established by the government last month, aims to create a legal framework for cryptocurrency trading in a bid to lure international investment. Cryptocurrencies including bitcoin are not officially regulated in Pakistan but are also not illegal or banned. As of Jan. 16, 2021, the State Bank of Pakistan has not authorized any individuals or organizations to carry out the sale, purchase, exchange, and investment of virtual currencies, coins, and tokens.

“This is a landmark moment for Pakistan, we are sending a clear message to the world: Pakistan is open for innovation,” Aurangzeb said in a statement.

“With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.”

As strategic adviser to the council, Zhao will provide guidance on regulation, infrastructure, education, and adoption and work closely with the government of Pakistan and the private sector to create a “compliant, inclusive, and globally competitive crypto ecosystem,” the finance ministry said.

“Pakistan is a country of 240 million people, over 60 percent of whom are under the age of 30. The potential here is limitless,” Zhao was quoted as saying in the statement. 

Zhao in 2023 stepped down as Binance CEO and pleaded guilty to breaking US anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said. The deal with the Justice Department, part of a large settlement between Binance and other US agencies, resolved criminal charges for conducting an unlicensed money transmitter business, conspiracy and breaching sanctions regulations.

According to Forbes, Zhao, who is a Chinese-born Canadian businessman, was ranked the 24th-richest person in the world, and second-richest Canadian overall, with a net worth estimated at $66.6 billion as of January 2025.

In 2013, Zhao was a member of the team that developed Blockchain.info. He has also served as Chief Technology Officer of OKCoin. In 2022, Zhao invested $500 million through Binance to finance the acquisition of Twitter by Elon Musk.

After its launch in July 2017, the Binance cryptocurrency exchange was able to raise $15 million in an initial coin offering, and trading began on the exchange eleven days later. In less than eight months, Zhao grew Binance into the world’s largest cryptocurrency exchange by trading volume, as of April 2018.


Pakistan plans 3,000 EV charging stations as green mobility push gathers pace

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Pakistan plans 3,000 EV charging stations as green mobility push gathers pace

  • Roadmap unveiled by energy efficiency regulator and a private conglomerate amid early-stage EV rollout
  • New EV Policy and related plans aim to install 3,000 EV stations by 2030, including 240 stations in current fiscal year

ISLAMABAD: Pakistan’s energy efficiency regulator and a private conglomerate have unveiled an approved roadmap to establish 3,000 electric vehicle (EV) charging stations across the country, state-run Associated Press of Pakistan (APP) reported on Tuesday.

The announcement comes as Pakistan looks to build out basic EV charging infrastructure, which remains limited and unevenly distributed, largely concentrated in major cities. Despite policy commitments to promote electric mobility as part of climate and energy-efficiency goals, the absence of a nationwide charging network has slowed broader EV adoption.

Pakistan’s EV ecosystem is still at a formative stage, with progress constrained by regulatory approvals, grid connectivity issues and coordination challenges among utilities, regulators and fuel retailers. Expanding charging infrastructure is widely seen as a prerequisite for scaling electric transport for both private and commercial use.

According to APP, the roadmap was presented during a meeting between Malik Group Chief Executive Officer Malik Khuda Baksh and National Energy Efficiency and Conservation Authority Managing Director and Additional Secretary Humayon Khan.

“Baksh ... in a meeting with Khan, unveiled the approved roadmap for establishing 3,000 electric vehicle charging stations across Pakistan,” APP reported. “Khan reaffirmed the authority’s full institutional backing and pledged to expand the initiative to 6,000 EV charging stations nationwide.”

The discussion reviewed hurdles delaying the rollout, including EV charger imports, customs duties, regulatory documentation and inter-agency coordination.

APP said Khan welcomed the proposal and sought recommendations for “internationally compliant EV charger brands,” while asking for a detailed “issue-and-solutions report within three days” to facilitate timely implementation of the national green mobility initiative.

Despite the issuance of 13 licenses by NEECA and the arrival of five EV charging units at designated sites, progress has been slowed by procedural bottlenecks, officials said. These include delays in electricity connections, prolonged installation of separate meters and pending no-objection certificates from power distribution companies and oil marketing firms, which continue to stall operational readiness.

Pakistan’s electric vehicle ecosystem is still in its early stages, with charging infrastructure far behind levels seen in more advanced markets. The government’s New Energy Vehicle Policy and related plans aim to install 3,000 EV charging stations by 2030, including 240 stations planned in the current fiscal year, but actual deployment remains limited and uneven, mostly clustered in major cities and along key urban corridors.

Despite regulatory backing, including the 2024 Electric Vehicles Charging Infrastructure and Battery Swapping Stations framework, progress has been slow. Many proposed stations have yet to become operational due to delays in grid connections and approvals, and public maps of nationwide charging coverage are not yet available.

Private players are beginning to install more chargers, and there are over 20 public EV charging points reported in urban centers, offering both slower AC chargers and faster DC options. However, such infrastructure is still sparse compared with the growing number of electric vehicles and the government’s long-term targets.