PM Shehbaz Announces Ongoing Consultations on Regulating Digital Currencies

ISLAMABAD: Prime Minister Shehbaz Sharif has revealed that consultations are currently underway regarding the regulation of digital currencies in Pakistan. Speaking at a meeting of the Economic Advisory Council, the Prime Minister emphasized the government’s commitment to enhancing economic stability and creating a conducive environment for business growth.

During the meeting, members of the Council expressed full confidence in the government’s policies, offering constructive suggestions for further improvements, which the Prime Minister welcomed. He stressed that economic stability is the result of collective efforts, not just individual contributions, and reaffirmed the government’s commitment to sustainable economic development. The Prime Minister also highlighted the importance of boosting trade within the region.

A key focus for the government is strengthening Pakistan’s local industries to make exports more competitive in global markets. This includes efforts in the agriculture, IT sectors, and job creation, as well as establishing green data centers to support the country’s technological growth.

Prime Minister Shehbaz Sharif also discussed the government’s efforts to improve telecommunication services and extend internet access to remote areas, aiming to boost IT exports and the number of freelancers. In regard to digital currencies, he confirmed that discussions are actively taking place to regulate this emerging sector.

“Today’s constructive discussions must be transformed into actionable plans,” he stated during the meeting.

The meeting participants acknowledged the progress Pakistan’s economy has made, with price stability leading to increased production and global recognition of the government’s economic actions. They also praised improvements in the tax system, simplified regulations, and investor-friendly policies.

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The business community has praised the government’s efforts to make consultations with economic stakeholders easier, playing a crucial role in revitalizing the industrial sector. This is reflected in the significant growth in exports over the past month and the reduction of smuggling, both contributing to the country’s positive economic trajectory.

The meeting was attended by key figures including Jahangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulqarnain, and other senior officials, along with federal ministers like Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, and others.