Prime Minister Shehbaz Sharif announced on Wednesday that the government is actively working towards regulating digital currencies, recognizing their increasing role in the global financial system.
Digital Currency Regulation Under Review
During a meeting of the Economic Advisory Council (EAC), the prime minister stated that consultations are ongoing to evaluate both the benefits and risks associated with digital currencies. A source from the Prime Minister’s Office (PMO) revealed that Mr. Shehbaz believes the world is shifting towards digital transactions, making it crucial for Pakistan to proceed with caution before implementing regulations.
Government’s Economic Strategy
EAC members expressed confidence in the government’s economic policies and provided recommendations to enhance growth. The prime minister welcomed these suggestions and directed authorities to work with the council to develop a comprehensive action plan.
He stressed that economic stability is a collective achievement rather than an individual effort. He also emphasized Pakistan’s regional trade potential, which could serve as a key driver for sustainable growth.
Key Economic Priorities
Mr. Shehbaz identified the following areas as top priorities for his administration:
✅ Boosting exports
✅ Enhancing industrial competitiveness
✅ Strengthening the agriculture sector
✅ Developing the IT industry
✅ Creating job opportunities
Additionally, he highlighted the importance of green data centers and improved telecommunication services to expand internet access, especially in remote areas. This, he noted, would support freelancers and IT exports.
Positive Economic Outlook
Participants acknowledged that Pakistan’s economy is on a stabilizing path, with improved price stability leading to higher production. The government’s economic team has successfully countered negative projections, gaining recognition from international financial institutions, investors, and businesses.
Furthermore, Mr. Shehbaz was praised for institutional reforms, particularly in taxation, regulatory ease, and fostering a business-friendly environment, which have facilitated growth in key sectors.
