Islamabad: The government has decided to launch digital currency 1st time in Pakistan.
According to reports, the digital currency will help in appreciating rupee value, improving the economy, making extensive financial transactions, and to save currency printing and distribution costs.
The value of the digital currency will be on par with the Pakistani rupee.
A dedicated department — Central Bank Digital Currency — is conducting the cost benefits and feasibility analysis of the digital currency for smooth transactions after its launching.
The government wants to gradually replace currency notes with digital currency but also wants to keep the digital currency and currency notes in parallel with the ratio of 80:20 so that in case of any unforeseen situation, an alternate in the form of currency notes is available.
