Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

Binance team, led by its Chief Executive Officer Richard Teng (fourth right), meets Pakistani Prime Minister Shehbaz Sharif and Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad, Pakistan, on December 6, 2025. (Pakistan government)
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Updated 06 December 2025
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Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

  • Binance delegation led by CEO Richard Teng meets Pakistan’s prime minister, army chief in Islamabad
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s government has signaled its “strong commitment” to digital asset regulation as the country’s senior officials met the leadership of Binance, one of the world’s most prominent global cryptocurrency exchanges, the Prime Minister’s Office (PMO) said on Saturday. 

The Binance team, led by its Chief Executive Officer Richard Teng, is in Pakistan and has held meetings with Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and senior Pakistani bank officials this week. 

Pakistan has been attempting to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight and encouraging innovation in blockchain-based financial services.

“Binance senior leadership visits Pakistan as government signals strong commitment to digital asset regulation,” the PMO said. 

A Binance delegation led by Teng met Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad. 

Saqib also attended the meeting and gave the Binance team a briefing about his organization.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.


Medical team inspects ex-PM Imran Khan's eye condition at Rawalpindi prison — official

Updated 2 min 19 sec ago
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Medical team inspects ex-PM Imran Khan's eye condition at Rawalpindi prison — official

  • Khan has suffered severe vision loss in his right eye due to central retinal vein occlusion, a court-appointed lawyer said this week
  • The ex-premier's party has rejected his medical examination 'behind closed doors, without the presence of personal physicians or family'

ISLAMABAD: A team of doctors was inspecting jailed former prime minister Imran Khan's eye condition at Rawalpindi's Adiala prison, the jail superintendent said on Sunday, after a court-appointed lawyer reported a significant loss of sight in his right eye.

The development followed a report submitted to the Supreme Court by a lawyer appointed as amicus curiae who was asked to visit Khan at Rawalpindi’s Adiala jail earlier this month. The report said the 73-year-old had suffered severe vision loss in his right eye due to central retinal vein occlusion, leaving him with only 15 percent sight in the affected eye.

The findings triggered a sit-in by an opposition alliance, including members of Khan’s Pakistan Tehreek-e-Insaf (PTI) party, demanding his immediate transfer to Islamabad’s Al-Shifa Hospital. Khan was also allowed to speak to his sons for about 20 minutes, according to his family, despite the former premier’s limited interactions with family and legal team in recent months due to restrictions that the PTI has challenged in court.

In a statement issued on Sunday evening, the Adiala Jail superintendent said a team of expert doctors from various hospitals had arrived at the prison with necessary medical equipment and medicines and was conducting a detailed examination of the ex-premier's eye.

"Detailed eye check-up is underway under the supervision of the Medical Board," the statement read. "Medical examination is being conducted under strict security arrangements. The report of the medical team is likely to be compiled soon."

The development comes a day after Pakistan’s government said on Saturday it has decided to transfer jailed former prime minister Imran Khan to a hospital and form a medical board for his eye treatment.

“Imran Khan has been provided the facility to speak with his sons on the phone and, in view of his health, it has also been decided to transfer him to hospital and constitute a medical board,” Parliamentary Affairs Minister Tariq Fazal Chaudhry said on X. “The government gives priority to humanitarian considerations and legal requirements.”

But Khan's PTI party rejected his medical examination "behind closed doors, without the presence of his personal physicians or even a family representative."

"A medical assessment carried out in secrecy does not restore public confidence; it deepens suspicion," Sayed Zulfiqar Bukhari, a PTI spokesman, said in a statement on Sunday evening.

"Access to independent medical professionals and family oversight is not a privilege, it is a fundamental right of any detainee. Denying that access undermines due process and fuels legitimate fears about the credibility of the findings."

Meanwhile, the opposition alliance continued its protest sit-in at parliament for a third consecutive day on Sunday to move the ex-premier to the hospital.

The former cricket star-turned-politician has been in prison since 2023 after being convicted in a graft case. He was removed from office in a parliamentary no-confidence vote in April 2022.