Prime Minister Shehbaz Sharif announced on Wednesday that the government is working towards regulating digital currencies, recognizing their increasing significance in the global financial system.
Presiding over a meeting of the Economic Advisory Council (EAC), he stated that consultations are underway to evaluate the benefits and risks of digital currencies before implementing regulations.
An official source revealed that Mr. Shehbaz sees digital financial transactions as the future and aims for a cautious yet progressive approach.
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During the meeting, EAC members expressed confidence in the government’s economic policies and proposed strategies for strengthening growth. The prime minister welcomed their recommendations and directed authorities to collaborate on a comprehensive action plan.
“Economic stability is a collective achievement, not an individual effort,” Mr. Shehbaz remarked, emphasizing the government’s commitment to sustainable economic development.
He stressed the importance of boosting local industries’ global competitiveness, particularly in exports, agriculture, and IT development. Additionally, he called for the establishment of green data centers and improved telecommunication services to expand internet access, benefiting freelancers and IT exports.
Participants acknowledged the economy’s stabilization, improved price stability, and growing investor confidence, attributing these achievements to the government’s economic team.
Institutional reforms, including tax improvements, regulatory ease, and a business-friendly environment, were also highlighted as key factors driving growth across various sectors.
