Jersey City, NJ, United States, October 8th, 2025, Chainwire
Stacks, the prominent Bitcoin Layer 2 solution focused on unleashing the potential of over $1 trillion in Bitcoin capital, has joined forces with the Pakistani government. Together, they’ve declared their commitment to bolstering Pakistan’s burgeoning digital economy. This partnership aims to foster blockchain expertise, promote entrepreneurial ventures, and develop practical real-world applications through educational initiatives, community programs, and carefully planned pilot projects.
During the United Nations General Assembly week, a significant discussion took place between Pakistan’s Finance Minister (FM), Muhammad Aurangzeb, and Dr. Muneeb Ali, the Founder of Stacks, alongside representatives from the Stacks Asia Foundation, Ayesha Kiani of Monarq Asset Management, Ali Farid Khwaja from KTrade, and Haider Rafique from OKX. This meeting centered on Pakistan’s evolving crypto strategy as the nation formalizes its regulatory framework, and explored avenues for collaboration between Stacks and Pakistan.
Photos courtesy of Curtis Pan
Recognizing blockchain technology as a critical element for modernization and drawing insights from global precedents, the Government of Pakistan is consulting with Dr. Muneeb Ali and Stacks, acknowledged leaders in the blockchain space. Stacks will provide expertise to the Pakistani government as it refines appropriate regulations, particularly regarding stablecoin infrastructure, remittance solutions, and KYC (Know Your Customer) processes.
Finance Minister Aurangzeb stated: “Pakistan is committed to building a transparent, regulated, and innovation-driven crypto ecosystem. With the guidance of prominent members of our diaspora, like Dr. Muneeb Ali, we recognize the opportunity to modernize our financial infrastructure, spanning from rupee-backed stablecoins to remittance systems and digital identity solutions. We welcome the ongoing collaboration with Stacks and its partners as we progress.”
Photos courtesy of Curtis Pan
Stacks will play a vital role in advancing the adoption of the crypto ecosystem within Pakistan. The Pakistani government is enthusiastic about working with global projects such as Stacks, partnering to educate a new generation of Pakistani builders. This collaboration aims to equip them with the technical skills and policy understanding necessary to establish Pakistan as a leading crypto-native nation in the future.
This continuous exchange of policy insights and technical implementation between Stacks and the Government of Pakistan will facilitate initiatives in:
- Developer Education: Collaboration with leading academic institutions, such as the Lahore University of Management Sciences (LUMS), to develop curriculum, provide mentorship, and host guest lectures.
- Student Engagement: Implementing national hackathons, local Stacks builder event chapters, and creating pathways for talented individuals to connect with international mentors and investors.
- Incubating Local Use Cases: Concentrating on blockchain applications that are most relevant to Pakistan’s specific needs, including remittances, payments, microfinance, supply-chain management, and record-keeping solutions.
“Pakistan’s young and tech-savvy population deserves access to modern financial systems,” stated Muneeb Ali, Founder of Stacks. “By collaborating to achieve regulatory clarity, build stablecoin frameworks, and enhance remittance rails, we can help unlock Pakistan’s immense potential and establish a solid foundation for sustained growth.”
Muneeb Ali is widely regarded as a point of pride for Pakistan, recognized for his pioneering work in blockchain technology, his support for his alma mater, LUMS, and the establishment of CeDAR (Center for Digital Assets & Research) at LUMS, aimed at fostering more innovative education within the country.
Collaborative efforts between the parties are already underway, with key stakeholders at LUMS commencing curriculum development, and the Stacks team launching a joint working group to plan the first hackathon, slated for early 2026. To stay informed about the latest developments, programs, and progress, individuals can follow Stacks on X (formerly Twitter).
About Stacks
Stacks is the leading Bitcoin Layer 2 (L2) solution and boasts the highest developer engagement, user activity, and market capitalization among L2s. It is designed to unlock over $1 trillion in dormant Bitcoin capital, transforming BTC into a fully programmable and productive asset. Stacks empowers smart contracts and decentralized applications to leverage Bitcoin’s robust security and programmable foundation. With the Nakamoto upgrade activated in October 2024, Stacks achieved near-instant transaction finality and speeds comparable to leading L2s, while maintaining the security and immutability of Bitcoin L1. The launch of sBTC in December 2024 unlocked the potential for developers and users to utilize native BTC within smart contracts, DeFi applications, and other Bitcoin-secured applications, including paying gas fees with BTC. The community-driven Stacks roadmap outlines key priorities for 2025 and beyond, including scaling sBTC capacity, implementing major network upgrades, incorporating new DeFi and stablecoin integrations, and continuously enhancing developer tools, security measures, and overall ecosystem growth. For further information, please visit stacks.co.
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