When will Pakistan introduce digital currency?
By
April 29, 2024
Federal Finance Minister Muhammad Aurangzeb talked about the government thinking of bringing digital currency to Pakistan during a meeting at the World Economic Forum in Saudi Arabia. This could help improve how money is handled in the country and make it easier for everyone to access financial services.
The minister also mentioned plans to help poor women by providing them with financial support and safer ways to handle money. Even though the State Bank of Pakistan talked about introducing digital currency by 2025, it hasn’t happened yet. But the minister’s recent statement suggests they’re getting ready for it.
Experts think digital currency could make Pakistan’s economy more transparent and help fight against tax evasion. This idea matches with what’s happening around the world, where more and more countries are moving towards using digital money.
