Pakistan Central Bank Eyes Digital Currency Launch by 2025
The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.
The State Bank of Pakistan (SBP), the country’s central bank, is considering the launch of a digital currency by 2025.
According to a report from news source Dawn on Tuesday, SBP deputy governor Jameel Ahmad said that the central bank is currently working on the digital currency concept in order to “promote financial inclusion and reduce inefficiency and corruption.”
The central bank is also reportedly planning to make its services “fully digitized and technology equipped” by the year 2030.
In light of the proposed digitization efforts, Pakistan’s finance minister Asad Umar asked the central bank and the country's Federal Investigation Agency (FIA) to ensure cybersecurity in the banking system, the report adds, as a failure here could cause damage to confidence in the system and the economy.
Just yesterday, the SBP also published new regulations for Electronic Money Institutions (EMIs), a classification that covers cryptocurrency firms. As per the new rules, EMIs must meet certain requirements to be licensed by the country’s government, with firms flouting the rules to face suspension or cancellation of licenses.
The officials made their comments at a ceremony to mark the launch of the new regulations on Monday.
With the regulations in place, the central bank said in a statement that it expects upcoming EMIs to offer “convenient, cost effective, interoperable and secure digital payment products and services to end users.”
The finance minister said in the Tuesday's report:
“It is our government’s policy to encourage the use of e-commerce amongst [the] public through awareness campaigns to promote a culture of e-commerce, which supports electronic business transactions at national, regional and international levels.”
State Bank of Pakistan image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
