In a significant move towards modernizing its financial infrastructure, the government of Pakistan has embarked on the journey to create a digital currency.
A Parallel Currency with Equal Worth
The State Bank of Pakistan (SBP) has taken the helm in this groundbreaking project and has already initiated work in collaboration with experts to develop the digital currency.
Balancing Costs and Benefits
The Central Bank Digital Currency department is diligently assessing the costs and benefits associated with this transformative shift towards digital money.
A Path to Efficiency and Economic Oversight
This transition to digital currency carries multiple advantages. Not only will it eliminate the expenses linked to producing and circulating paper money.
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