🏦🇵🇰 BREAKING: Pakistan Set to Launch Its First-Ever Digital Currency

A major step toward financial modernisation, the State Bank of Pakistan has officially confirmed that the country’s first central bank digital currency (CBDC) is now entering its pilot phase.

Under the new framework, Pakistan is developing a digital rupee with 1:1 value parity to the existing PKR, aimed at faster payments, greater transparency, and wider financial inclusion. The SBP has also selected a leading Japanese blockchain firm to support the rollout, marking a serious move toward a fully regulated national digital ecosystem.

With the Virtual Assets Act now in place and the Pakistan Virtual Asset Regulatory Authority established, the groundwork for Pakistan’s digital currency era is rapidly taking shape.

A transformative milestone for Pakistan’s banking and fintech future.

@ThePulsePoint