ISLAMABAD: Prime Minister Shehbaz Sharif announced that consultations are underway to regulate digital currency in Pakistan as part of broader efforts to strengthen the country’s economy.
During a meeting of the Economic Advisory Council, the prime minister reiterated the government’s commitment to supporting local industries to ensure Pakistani exports remain competitive on the global stage. He emphasized that economic stability is a collective effort, not the work of an individual.
Economic Reforms and Export Growth
PM Shehbaz underscored his administration’s focus on enhancing key sectors, including industry, agriculture, IT, and employment, while promoting export growth. He highlighted the importance of tapping into regional trade potential and advancing the establishment of green data centres to drive economic digitalisation.
The government also aims to improve telecommunication services and increase internet accessibility in remote areas. These measures are designed to boost IT exports and encourage freelancers to participate in the global economy.
The regulation of digital currency was also mentioned as part of the broader digital transformation agenda.
Investor Confidence and Economic Stability
Council members expressed confidence in the stability and progress of Pakistan’s economy, noting that price stability is leading to increased production. They commended the government’s institutional reforms, including improvements to the tax system, simplified business regulations, and a more investment-friendly environment.
The recent growth in exports, attributed to the government’s anti-smuggling efforts, was also praised as a sign of positive economic momentum. For the first time, global financial institutions, businesses, and investors have recognized the government’s economic strategy.
The meeting was attended by key business leaders, including Jahangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musadiq Zulqarnain, Dr Ijaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed. Federal ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Muhammad Aurangzeb, Minister of State Ali Parvez Malik, and the Prime Minister’s Coordinator Rana Ehsan Afzal, along with other senior officials, were also present.
With economic reforms gaining momentum, the government is committed to turning discussions into actionable plans to ensure long-term growth and sustainability.
