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Draft:Ghulam Roomi

From Wikipedia, the free encyclopedia


Ghulam Ahmad Roomi is a Pakistani cryptocurrency entrepreneur and Bitcoin miner based in Okara, Punjab. He has been involved in cryptocurrency mining in Pakistan since 2014 and has been mentioned in international and national media coverage related to cryptocurrency mining initiatives in Khyber Pakhtunkhwa.

Early career and mining operations

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Roomi began mining Bitcoin in 2014. According to media reports, he established at least two cryptocurrency mining operations in Shangla, Khyber Pakhtunkhwa, which used locally available hydropower as an energy source.[1]

A 2021 Reuters report stated that Roomi left his previous employment to pursue cryptocurrency mining full-time and conducted educational sessions through WhatsApp groups where he discussed cryptocurrency mining and trading.[2]

Khyber Pakhtunkhwa hydropower mining initiative (2020–2021)

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In 2020, the government of Khyber Pakhtunkhwa (KP) explored a provincial initiative to legalise and regulate cryptocurrency mining, with the objective of generating public revenue through the province's hydropower resources. A government study estimated KP's hydropower potential at 30,000 megawatts.[1]

The initiative was jointly conceived by Roomi and fellow cryptocurrency entrepreneur Waqar Zaka, and was supported by Ziaullah Bangash, then Adviser to the Chief Minister on Science and Information Technology.[1] Roomi offered his two Shangla mining farms as pilot projects for the proposed government programme.[1]

In December 2020, the KP Provincial Assembly passed a resolution urging the federal government to legislate on cryptocurrencies.[1] In February 2021, the KP government convened the first meeting of an Advisory Committee on Crypto Mining, chaired by Bangash and attended by provincial finance officials, members of the Provincial Assembly, and crypto experts including Roomi.[3] The committee established three sub-committees — covering blockchain, technical matters, and coordination — and planned consultations with the State Bank of Pakistan and the Federal Board of Revenue.[3] Bangash stated at the time that KP's environment was conducive to cryptocurrency mining and that local and international investors would be invited once legal requirements were met.[3]

Bangash later disclosed that over 300 overseas Pakistanis had expressed interest in investing in cryptocurrency mining contingent on proper regulation being established, and that international media, including Reuters, had reported on KP's initiative.[1] A draft bill to regulate crypto mining was prepared for provincial cabinet approval. However, according to a 2025 report by The News International, Bangash received instructions from the Prime Minister's Office not to proceed, without any stated reason, and subsequently resigned in protest, confirming in an interview that his resignation was a direct result of federal obstruction.[1]

During this period, one of Roomi's mining farms was raided by the Federal Investigation Agency (FIA), which confiscated equipment. Bangash noted that the FIA lacked jurisdiction over such operations at the time of the raid.[1]

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In December 2018, a sub-inspector of the Federal Investigation Agency arrested Roomi on charges that were subsequently found to be without legal basis. His computing equipment and mobile phone were confiscated during the arrest.[4]

An internal FIA inquiry conducted by Asmatullah Junejo, then Additional Director of Cybercrime, found the arresting officer, Sub-Inspector Khalid Saeed, guilty of the unauthorised transfer of digital currency from Roomi's blockchain wallets. The inquiry further found the invocation of Sections 420 and 468 of the Pakistan Penal Code in the FIR to be legally baseless, as cryptocurrency mining had not been declared illegal by the State Bank of Pakistan.[4] The SBP, in a 2019 statement before the Sindh High Court, had clarified that it had not declared cryptocurrency illegal but had cautioned against its volatility.[4]

The FIA inquiry vindicated Roomi and recommended disciplinary action against the responsible officers. Despite these findings, the case remained pending before the courts as of early 2025, with Roomi continuing to make regular court appearances.[4]


References

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  1. 1 2 3 4 5 6 7 8 Cite error: The named reference thenews2025a was invoked but never defined (see the help page).
  2. "Pakistan moves to bring cryptocurrency boom out of the dark". Reuters. 16 July 2021.
  3. 1 2 3 Bureau report, [https://www.thenews.com.pk/print/806002-kp-govt-is-consulting-stakeholders-on-crypto-mining-initiative-adviser "KP govt is consulting stakeholders on Crypto Mining initiative: Adviser"], The News International, 18 March 2021.
  4. 1 2 3 4 Umar Cheema, [https://www.thenews.com.pk/print/1272780-crypto-traders-exposed-to-fia-scrutiny-amid-regulatory-vacuum "Crypto traders exposed to FIA scrutiny amid regulatory vacuum"], The News International, 16 January 2025.
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Reuters – Pakistan moves to bring cryptocurrency boom out of the dark (2021)]

The News International – Bhutan thrives while Pakistan misses crypto revolution (2025)]

The News International – Crypto traders exposed to FIA scrutiny (2025)]

The News International – KP govt consulting stakeholders on Crypto Mining initiative (2021)]