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Creating cryptocurrency regulations is the prerogative of the State Bank, Pakistan should consider it with an open mind, Finance Minister

Today's newspaper important news February 25, 2025

Creating cryptocurrency regulations is the prerogative of the State Bank, Pakistan should consider it with an open mind, Finance Minister

Karachi (Sohail Afzal) Federal Finance Minister Muhammad Aurangzeb has urged State Bank officials to consider potential ways to introduce cryptocurrency in Pakistan with an "open mind" in light of significant advancements in digital banking, as creating cryptocurrency regulations is the central bank's prerogative.

If cryptocurrency is already prevalent in the informal market and the data is the same, then we need to think about the regulatory framework regarding how to move forward with artificial intelligence and digital assets; we need to focus on emerging markets; security at borders has been tightened to prevent smuggling.

For the first time, Afghanistan did not export Chinese smuggling; every single dollar is valuable; the banking sector has deposited 30 billion rupees with the government; this sector has surpassed the oil and gas sector in tax payments; we will bring the national airline back for privatization; the FBR's job will be to collect taxes, while creating tax policy will be the Ministry of Finance's responsibility.