Written by Shahnawaz Akhter Karachi, March 31, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the federal government to introduce a comprehensive tax incentive scheme for cryptocurrency and fintech in the upcoming Budget 2026–27, aiming to bring digital assets into the formal economy. In its budget recommendations, ICMAP emphasized that Pakistan’s fintech ecosystem is expanding rapidly, yet high taxation and regulatory uncertainty continue to hinder formal growth—particularly in cryptocurrency trading and blockchain-based financial services. The institute proposed the introduction of a dedicated Financial Sector Incentive Scheme to support innovation and investment in the digital economy. ICMAP suggested offering qualifying fintech companies concessionary corporate tax rates ranging between 10% and 15%, or implementing a phased taxation model, provided that firms meet licensing and regulatory compliance requirements. According to the institute, such measures would not only promote transparency but also encourage voluntary compliance among crypto traders and service…