Introduction
Pakistan is breaking new ground in finance by launching a pilot program for its Central Bank Digital Currency (CBDC). This initiative aims to modernize the country’s monetary system, bringing Pakistan in line with other forward-looking economies.
Key Highlights
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The Central Bank is spearheading the program under the Virtual Assets Act 2025 framework.
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A digital currency pilot will roll out soon, designed to enhance transaction efficiency and financial inclusion.
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Regulatory structures for licensing and oversight are being developed in partnership with tech stakeholders and the Pakistan Crypto Council.
Strategic Importance
This CBDC pilot demonstrates Pakistan’s commitment to digital transformation. It not only supports fintech innovation and transparency but also streamlines financial services for both urban and rural communities.
Broader Context
As digital currencies gain global traction among countries like China and India, Pakistan’s move reinforces its ambition to stay competitive and technologically advanced in the financial sector.