The Central Bank of Pakistan aims to issue digital currency by 2025. He also issued an official statement on April 2 to celebrate the electronic money agency EMIs.
“There is a possibility that if a serious incident occurs, the confidence in the financial system could be damaged to an irreversible level, Umar said, adding that the new system should focus on cyber security for the Federal Bureau of Investigation and the central bank. Central Bank Governor Ahmad said that by 2025 he will be able to announce the CBDC concept of the central bank and aim to fully implement the concept by 2030 with the aim of financial integration, efficiency and debt management.
Pakistan recently announced plans to introduce digital currency regulation as a countermeasure against financial crime.