Due to the nature of the crypto currency and its high levels of misuse worldwide, FIA (Federal Investigation Authority) has recommended the Government of Pakistan to completely ban Bitcoin and similar crypto currencies that may be used for mining and other offensive acts that are punishable due to their nature in social infrastructure and financial sectors in accordance with PECA.

48 hours ago as Brandsynario and a couple of other native websites reported;
The SBP (State Bank of Pakistan) official document reads in regards to this:

“BITCOIN / DIGITAL CURRENCY IS NOT RECOGNIZED BY STATE BANK OF PAKISTAN AS THE LEGITIMATE BUSINESS AND ARE CAUSING HUGE MONETARY LOSS TO THE GOVERNMENT EXCHEQUER. SO IT SHOULD BE DECLARED ILLEGAL WITH THE INCLUSION OF DEFINITION AND DISTINCT PUNISHMENT OF THIS EMERGING CRIME”

Keeping in view the Prevention of Electronic Crimes Acts’ objectives the following are a few identified areas where the crypto can have adverse results in the Country:

Unauthorized Access /modification / deletion / interference to Critical Infrastructure Information Systems/ Data Section 6, 7, 8]

Electronic Forgery [Section.13]

Electronic Fraud [Section.14]

Unauthorized Issuance of SIM [Section.17]

Tampering of electronic equipment [Section. 18]

Cyber Stalking [Section.24]

Spoofing [Section.26]