The site was blocked after "Innocence of Muslims" was uploaded, an American-made film that depicted the Prophet Mohammed as a thuggish deviant and triggered protests across the Muslim world -- including in Pakistan, where more than 20 people died in demonstrations.
Google said Tuesday users in Nepal, Pakistan and Sri Lanka would see a new YouTube homepage featuring local content in native languages.
YouTube, owned by California-based Google, has already launched similar initiatives in dozens of other countries.
The new site, youtube.Com.Pk, is currently live but inaccessible inside Pakistan, and the government and Google hope its creation will mean the Supreme Court will lift the ban, even if only partially.
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Content on the local site can still be regulated, and a senior government official told AFP Wednesday Pakistan's telecommunication authority could ask Google to remove content it deems objectionable.
If Google complies, it could meet a condition set by the Supreme Court for lifting the ban.
"The understanding is that on the localised version offensive and blasphemous content could be blocked by Google on the government's request," the official said.
"We have clear community guidelines, and when videos violate those rules, we remove them," the spokesman said.
But the Internet giant said it would review requests before taking videos down.
"Government requests to remove content will continue to be tracked and included in our Transparency Report."
Islamabad has been in intermittent talks with Google for several years over the issue, another source close to the matter said, without providing a specific timeframe for the unveiling of YouTube Pakistan.
"We are in a very near-term sort of thing. The roadblocks have been removed," the source said.
Users in Pakistan continue to access YouTube using proxy servers and Virtual Private Networks.