Islamabad: Prime Minister Shehbaz Sharif said Wednesday that the Government was working on the regulation of digital currencies.
By chairing a meeting of the Economic Advisory Council (EAC), the prime minister said: “Consultations are being made regarding the regulation of digital currencies.”
A source from Prime Minister’s office (PMO) said Sunrise That the prime minister believed that the world was resorting to digital currencies. “Therefore, we are reviewing the pros and cons in the use of digital currencies,” said Prime Minister.
According to an official press release, the members of the EAC expressed their full confidence in the government’s economic policies and presented key suggestions to boost economic growth.
Welcome to the recommendations, Mr. Shehbaz instructed the relevant authorities to collaborate with the members of the Council to form an integral action plan based on these suggestions.
He stressed that economic stability was not the result of an individual effort but the collective efforts of the entire team.
Reiterating his commitment to work for the sustainable development of the economy, the prime minister declared that the current potential for regional trade would be completely used.
The prime minister also highlighted efforts to make local industries capable of competing in international markets with their exports.
“Industry, agriculture, IT development, employment creation and increased exports are among the main priorities of the government,” he said, emphasizing the establishment of green data centers in the country.
He said that efforts were underway to improve telecommunications services and provide internet access to remote areas, which will help increase the number of freelancers and IT exports.
The prime minister emphasized the need to convert the constructive discussions of the meeting into processable plans. The participants of the meeting recognized that Pakistan’s economy was stable and progressed towards growth, saying that prices stability had led to greater production.
They said that the government’s economic team had demonstrated all incorrect projections and analysis, and global economic institutions, the business community and investors joined when recognizing the government’s action plan.
The participants also praised the prime minister for their commitment to implement institutional reforms, which had not been seen in the history of Pakistan before.
Participants believed that the improvement in the country’s fiscal system, the ease of regulations and the creation of a commercial and friendly environment with investors had contributed to growth in all the main sectors.
Posted in Dawn, February 20, 2025
