Pakistan is one of those nations which takes regular loan from IMF. And it does not even repay the loan back and each year the loan capacity and the issues with finances continue to rise. But the new generation in Pak is making sure that the nation is going towards the crypto economy. So the El salvadors model is being in the control here.
Considering Pakistan has lived most of its life on the UK and the US based funds along with the IMF funds on the regular basis. Now the govt controlled crypto assets are about to get more powerful in the pakistan and they inted to survive the debt trap and the trap with the funds like this through the crypto funding.
So the economy is now shifted more towards the El salvador style crypto hub. But here they are going for the regulation. Though the military pumps out of the local economy and America makes the puppet out of the soil. And that part is not changing the way Pakistan had struggled in the past.
How this regulation is coming in place and how the policies would be formed? The govt has created the crypto council. And they are also creating the digital asset forum which would help navigate the direction of the govt for the crypto. This regulatory framework would bring crypto assets. And most likely it would even pay off the loans already in the head.
Long long time for them to sustain the crypto economy. But we are going to be seeing the change in upcoming times meanwhile you can check the crypto council here.