TechJuice identifies Abu Shaheer as the man behind Pakcoin. In its interview, he said he started the project alone after becoming interested in cryptocurrency in 2013 and encountering Auroracoin the following year. Pakcoin’s description as “Pakistan’s first cryptocurrency” is a project-associated claim, not a definitive, independently established history of every cryptocurrency created in Pakistan.
Who founded Pakcoin?
TechJuice names Abu Shaheer as Pakcoin’s founder. In the interview, Shaheer said he began the project by himself and that local and foreign contributors later joined its marketing. That account comes from Shaheer as reported by TechJuice; it does not independently establish the project’s present-day organization.
Shaheer described himself as a “computer geek” with 16 years of experience in computer-related fields. He said: “Cryptocurrency has been around for many years, but I truly realized its potential in 2013. I started Pakcoin alone, now some local and foreigners have joined me in marketing it,” TechJuice’s interview presents this as his account; its page labels itself “8 years ago” but does not expose a precise publication date in the retrieved text.
What inspired Pakcoin?
Shaheer said he recognized cryptocurrency’s potential in 2013. In 2014, he came across Auroracoin and recalled: “I first came across Auroracoin in 2014, the idea was fascinating.” He said he was concerned that Bitcoin transaction fees could make small payments impractical for local users and freelancers, and that this thinking prompted him to put Pakcoin into action. These are his motivations as he described them, not an independently measured comparison of transaction costs.
What is Pakcoin?
The Pakcoin project repository describes PAK as a proof-of-stake cryptocurrency focused on fast, safe and inexpensive transactions, and says it was introduced in 2015. The project’s features page, whose footer is dated 2018, lists Scrypt POSv3, a 60-second block time, a maximum supply of approximately 182 million PAK and transaction fees ranging from 0.001 to 0.1 PAK. These are project-published descriptions and figures, not independently tested performance results; the available evidence does not confirm that the parameters remain current.
The features page also says Pakcoin is a digital/software product and is not endorsed as an investment. Its historical description does not establish a return or make Pakcoin suitable for any particular person.
Was Pakcoin adopted for everyday payments?
Shaheer described real-world payments as an ambition, not a proven outcome. He told TechJuice: “Our focus is to make it more adaptable in real life, like in POS payments and merchant apps.” He also spoke of wanting wider acceptance in online and local shops while acknowledging that it would take time.
The interview establishes what Shaheer hoped to achieve; it does not establish current merchant acceptance, transaction volume, user numbers or commercial success. No independently sourced adoption or economic-impact statistics are established by the available sources.
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Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →What did Pakistan’s central bank say about Pakcoin?
In a circular dated April 6, 2018, the State Bank of Pakistan (SBP) included Pakcoin among virtual currencies that were not legal tender or guaranteed by the Pakistani government. The circular stated that SBP had not authorized or licensed any individual or entity to issue, sell, purchase, exchange or invest in virtual currencies or tokens, and advised banks and payment service providers not to facilitate such activity.
“Virtual Currencies (VCs) like Bitcoin, Litecoin, Pakcoin, OneCoin, DasCoin, Pay Diamond etc. or Initial Coin Offerings (ICO) tokens are not legal tender, issued or guaranteed by the Government of Pakistan.”
— State Bank of Pakistan circular, April 6, 2018. This records SBP’s position in 2018; that circular alone does not establish the complete legal position in Pakistan as of October 2026.
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