Pakistan, June 2 -- The government is preparing to bring Pakistan's growing cryptocurrency market under a formal tax framework, with proposals under consideration to impose a capital gains tax ranging from 15 to 30 percent on crypto trading. The move is expected to become part of the upcoming federal budget and reflects broader efforts to regulate digital financial activities while increasing tax revenues from emerging sectors.

Officials familiar with the process say the proposal is being developed alongside ongoing discussions with the International Monetary Fund (IMF), which has encouraged stronger taxation of profits generated through digital businesses. As a result, authorities are exploring ways to ensure that gains from cryptocurre...