Pakistan's Income Tax Ordinance 2001 doesn't mention crypto, virtual assets or digital assets anywhere. That doesn't mean gains are untaxed. Section 37 taxes the gain on disposing of any "capital asset", which the Ordinance defines as property of any kind you hold, and the gain is simply what you received minus what the asset cost. The reduced rates for securities in section 37A don't cover crypto, so on our reading a crypto gain is added to your taxable income at normal rates. FBR hasn't confirmed that reading, and several popular guides quote rates that aren't in the law.
How crypto gains are taxed in Pakistan
| Charge | Capital gains, section 37: consideration minus cost |
| Special rates | Section 37A rates apply to shares, debt securities, ETFs and similar, not to crypto |
| Holding period | No relief: the rule taxing only three quarters of a gain on assets held over a year was removed by the Finance Act 2022 |
| Losses | A capital loss can't reduce income under any other head; it's carried forward against capital gains for up to six tax years (section 59) |
| Tax year | Ends 30 June |
| Return due | 30 September after the year ends (section 118) |
Is there a 15% crypto tax in Pakistan?
Some exchange blogs describe a 15% flat capital gains tax on crypto, with thresholds that change after six months. We couldn't find those rules in the Ordinance as amended to July 2025 or in the Finance Bill 2026. If you rely on a specific rate, ask for the section it comes from. This page reflects the Ordinance as amended to July 2025 and the Finance Bill 2026; the final Finance Act 2026 can differ from the bill, so check it, or ask an adviser who has, before relying on these points for the 2026 tax year.
Losses are worth recording
Because a loss can only be used against capital gains and only for six years, it pays to keep a full record every year even when the result is negative. The calculator on this page gives you the gain or loss per sale; keep that alongside your exchange statements.
Cost method
The Ordinance sets no method for identifying which coins you sold. First-in, first-out is the common choice and what the calculator shows by default. Use one method consistently and keep the records behind it.
PVARA and exchanges
The Pakistan Virtual Assets Regulatory Authority now oversees crypto service providers under the Virtual Assets Act 2026. Firms already operating had to apply for a no-objection certificate by 5 September 2026 or stop operating. PVARA granted Binance a no-objection certificate in December 2025; that's a step towards a licence, not the licence itself. If you're opening an account, our Binance sign-up guide covers verification and the export you'll want each July.
Values in rupees
The calculator converts with the ECB's daily reference rates, and the ECB doesn't publish a rupee rate, so on this page it works in the currency your file uses (usually USD or USDT). Convert the totals to rupees at the rate you use for your return, and keep a note of which rate that was.
Sources
- FBR, Income Tax Ordinance 2001, amended up to 31 July 2025: sections 37, 37A, 59, 74, 118
- FBR, Finance Bill 2026 and Budget 2026-27 salient features
- PVARA, pvara.gov.pk and news (NOCs, 12 December 2025)