The Governor of Pakistan's State Bank has confirmed that the country is working on launching its own central bank digital currency (CBDC).
The digital rupee will aim to reduce transaction friction and enhance financial transparency.
This move places Pakistan alongside other countries like China and India, which are also developing state-backed digital currencies.
The CBDC will reportedly run on a private blockchain designed by a local fintech consortium.
This initiative is part of a broader national strategy to modernize Pakistan's payments infrastructure.
