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Pakistan CBDC

Research

Pakistan

Central Bank(s)

State Bank of Pakistan

Announcement Year

2019

Status

Research

Retail/Wholesale

Retail

Main motivation/goals of the CBDC

Goal of issuing a CBDC would be to promote financial inclusion and reduce corruption, and inefficiency.

Description

In April 2019 the State Bank of Pakistan declared it was working on concept to issue a digital currency by 2025. The stated goals for issuing a digital currency are to promote financial inclusion, and reduce inefficiency and corruption. In addition to issuing a digital currency to promote economic inclusion, the State Bank of Pakistan launched the National Payment Systems Strategy in November of 2019.

Link to announcement

Timeline

Last update: August 2025

August 2025

Updated data

Link to announcement: asia.nikkei.com

July 2025

Updated data

Link to announcement: www.ledgerinsights.com

July 2023

Updated data

Main motivation/goals of the CBDC: The aim is to promote financial inclusion and efficiency and combat corruption. Goal of issuing a CBDC would be to promote financial inclusion and reduce corruption, and inefficiency.

Link to announcement: propakistani.pk

December 2022

Updated data

Link to announcement: www.arabnews.pk

April 2021

Status updated

None Research

Added data

Announcement Year: 2019

Retail/Wholesale: Retail

Description: In April 2019 the State Bank of Pakistan declared it was working on concept to issue a digital currency by 2025. The stated goals for issuing a digital currency are to promote financial inclusion, and reduce inefficiency and corruption. In addition to issuing a digital currency to promote economic inclusion, the State Bank of Pakistan launched the National Payment Systems Strategy in November of 2019.

Main motivation/goals of the CBDC: The aim is to promote financial inclusion and efficiency and combat corruption.

Link to announcement: www.youtube.com

Country / Region: Pakistan

Central Bank(s): State Bank of Pakistan

News

No recent news found for this currency.