October 8th, 2025 – Jersey City, NJ, United States
Stacks, the leading Bitcoin Layer 2 working to unlock over $1 trillion in Bitcoin capital, in partnership with the Government of Pakistan today announced its dedication to supporting Pakistan’s growing digital economy by fostering blockchain talent, entrepreneurship, and real-world use cases through education, community programs, and pilot initiatives.
During the United Nations General Assembly week, Muhammad Aurangzeb, Finance Minister (FM) of Pakistan sat for an extended conference with Dr. Muneeb Ali, Founder, Stacks and others from Stacks Asia Foundation, Ayesha Kiani of Monarq Asset Management, Ali Farid Khwaja from KTrade and Haider Rafique from OKX. The meeting captured high-level dialogue on Pakistan’s crypto strategy as the country formalizes regulation, as well as exploring collaboration between Stacks and Pakistan.
Photos courtesy of Curtis Pan
Recognizing that blockchain technology is a necessity for modernization, and in an effort to learn from global precedents, the Government of Pakistan has looked to Dr. Muneeb Ali and Stacks as a leader in the blockchain space. The team will be consulting the Government of Pakistan as they finish crafting fit-for-purpose regulations, focusing on crafting compliant stablecoin infrastructure, remittances and KYC solutions with the Stacks team.
Finance Minister Aurangzeb: “Pakistan is building an open, regulated, and innovation-friendly crypto ecosystem. With the support of leaders from our diaspora such as Dr. Muneeb Ali, we see the opportunity to modernize our financial rails, from rupee-backed stablecoins to remittances to digital identity. We welcome continued collaboration with Stacks and its partners as we move forward.”
Photos courtesy of Curtis Pan
Stacks will help grow Pakistan’s next wave of crypto ecosystem adoption. Pakistan is a government eager to work with global projects like Stacks, and partner on educating a new wave of Pakistani-origin builders that can offer execution and policy know-how to become one of the largest crypto-native populations in the future.
This ongoing channel for policy input and technical execution between Stacks and the Government of Pakistan will drive initiatives in
- Developer Education: Collaborating with leading academic institutions such as Lahore University of Management Sciences (LUMS) on curriculum, mentorship and guest lectures.
- Student Engagement: Through national hackathons, local chapters of Stacks builder events, and new talent pipelines to international mentors and investors.
- Incubating Local Use Cases: Focusing on blockchain applications most relevant to Pakistan’s needs including, remittances, payments, microfinance services, supply-chain and record-keeping.
“Pakistan’s young, tech-savvy population deserves modern financial rails,” said Muneeb Ali, Founder of Stacks. “By working together on regulatory clarity, stablecoin frameworks, and remittance rails, we can help unlock Pakistan’s tremendous potential and set a foundation for long-term growth.”
Muneeb Ali has been considered a pride of Pakistan, with those familiar citing his ground-breaking work in blockchain technology, support for his Pakistani alma mater LUMS and the launch of CeDAR (Center for Digital Assets & Research) at LUMS to bring more innovative education to the country.
Work between the parties has already begun, with key stakeholders at LUMS kicking off curriculum development, and the Stacks team launching a joint working group to scope the first hackathon in the first part of 2026. To keep up with the latest events, programs and progress, users can follow Stacks on X.
About Stacks
Stacks is the leading Bitcoin Layer 2 (L2) and the top L2 by developer traction, user activity, and market capitalization, helping unlock over $1 trillion in passive Bitcoin capital and making BTC a fully programmable, productive asset. Stacks enables smart contracts and decentralized applications to leverage Bitcoin as a secure, programmable foundation. With the Nakamoto upgrade activated in October 2024, Stacks achieved near-instant transaction finality and speeds on par with leading L2s, while retaining the security and irreversibility of Bitcoin L1. The launch of sBTC in December 2024 opened the door for developers and users to use native BTC in smart contracts, DeFi, 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, major network upgrades, new DeFi and stablecoin integrations, and ongoing improvements to developer tools, security, and ecosystem growth. To learn more, users can visit stacks.co.
Contact
Comms Lead
Jayson Lynn
Stacks Labs
press@stackslabs.com
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