Aurangzeb says mulling introducing digital currency potential

NNI Published April 29, 2024

RIYADH: Federal Minister for Finance Muhammad Aurangzeb said on Sunday that his government was considering taking an initiative of introducing digital currency in Pakistan.

According to a private TV channel, during a special session of the World Economic Forum (WEF) in Saudi Arabia, Finance Minister Aurangzeb expressed Pakistan’s contemplation towards digital currency adoption.

Addressing concerns of financial inclusivity, Minister Aurangzeb highlighted government assistance provided to impoverished women in Pakistan.

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Finance Minister Aurangzeb also acknowledged common grievances where women often face cash theft by male family members and advocated for digital wallet solutions to empower them financially.

World Economic Forum finance minister digital currency WEF Muhammad Aurangzeb Pakistan and Saudi Arabia

Comments

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Love Your Country Apr 29, 2024 07:59am

Headline grabbing statement no doubt but totally insane, foolhardy, wasting time and resources in my view

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A. Chak Apr 29, 2024 08:12am

When all else fails, resort to speculation. Has the FM lost his mind?

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Aamir Apr 29, 2024 11:19am

Concentrate on how to privatize and cut govt footprint. Otherwise you will just be like the previous finance ministers whose job was borrowing from IMF and other international lenders.

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IMTIAZ CASSUM AGBOATWALA Apr 29, 2024 12:54pm

Fruitless exercise. Will not help the economy.

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kashif Apr 29, 2024 04:40pm

this guy hired for what exactly?? has he given any visionary long term solution ?? NO . all he has done is go to usa and beg for money and also wants everyone to pay more taxes

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،Taj ud din Apr 30, 2024 10:26am

Very good initiative for the people's of Pakistan. We really appreciated to Govt of Pakistan for taking the initiative to help his people. Best regard Taj ud din khan

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Usman Apr 30, 2024 10:41am

Instead of digital currency its better to reducr cash transactions and do more digital transactions.so every rich person who is evdaing tac can be caught.

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Yourname Apr 30, 2024 11:11am

@Aamir , lmao, the only reason they need a finance minister is that they have someone to talk to international lenders, who better to do that than one of heir own?

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Yourname Apr 30, 2024 11:12am

They do not appoint a finance minter to tackle actual pressing underlying financial issues. Sad people still think things will turn around like almost overnight. Maybe 50 years with constant good govt

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Dr faisal May 01, 2024 12:48am

World bank puppet. No solid plans , carry passport in his pocket ready to fly back. What a shame

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786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
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Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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P.I.A.C.(A) / May 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00