Web.pk

Digital Currency to be Launched in Pakistan

By Noor Mani — Updated on 05/04/2019
ADVERTISEMENT
CONTINUE READING BELOW

Like many other programs on the wish list, one key plan in the mind of the current government is to introduce the digital currency for the country. It would be a state-issued currency that would be regulated by the State Bank of Pakistan. The government aims at launching the first version in 2025. The major purpose as mentioned by the concerned authorities is to check the growing pace of corruption in the country.

ADVERTISEMENT
CONTINUE READING BELOW

Cryptocurrency or digital currency is a popular phenomenon all over the world. Although it has not been able to get the legal status in many parts of the world still the popularity cannot be denied. St of these digital currency systems is being run by the private organizations that increase the chances of any kind of breach or fraud.

The UAE was the first region of the world that actually gave the concept of government regulated digital currency to keep track of the activities related to the digital currency. Some countries, on the other hand, are opting for this option just to make the things technically advanced. The government of Pakistan aims both.

Early this week the deputy governor of the State Bank of Pakistan, Mr. Jameel Ahmed announced that they would be launching a digital coin by 2025. They would likely follow the pattern of the digital currency followed by Venezuela.

ADVERTISEMENT
CONTINUE READING BELOW

The topic was by the finance minister Asad Umar while inaugurating the Electronic Money Institutions. He also proclaimed that the government will ensure perfect security of the EMIs through the most recent and sophisticated cyber security measures. A perfect set of instructions was released to the federal investigation agency and the State Bank. As per the minister, it is essential to keep the things transparent and secure protect the bank from defamation.

About Author

Written by
Noor Mani is a senior tech correspondent and renowned professional writer from the Pakistani local Newspaper Weekly Multan. She is a P.E.C. accredited Electronics Engineer with a wide vision of technology and the local media industry scope.

Popular Articles

Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
How to Share Internet Volume from Zong to Zong
ADVERTISEMENT CONTINUE READING BELOWNow you can transfer internet data from your Zong number to another…
13 Aug 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
50 WhatsApp Group Names in Urdu
ADVERTISEMENT CONTINUE READING BELOWWhatsApp ground name has become a very hot topic these days. People…
31 Dec 2015
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016