ISLAMABAD – Prime Minister Shahbaz Sharif has announced that consultations are ongoing regarding the regulation of digital currency in Pakistan.
The statement was made during a meeting of the Economic Advisory Council, which was chaired by the Prime Minister and attended by various council members.
The participants expressed confidence in government policies and provided suggestions for future growth, which were welcomed by the Prime Minister.
In his address, Prime Minister Sharif emphasized that economic stability is a collective effort, not the work of any individual. He reiterated the government’s commitment to sustainable economic development and highlighted efforts to promote trade in the region.
The Prime Minister stated that the government aims to enhance the competitiveness of local industries in international markets, with a focus on boosting exports and creating jobs. He also mentioned initiatives to establish green data centers and improve telecommunication services, particularly in remote areas, to increase IT exports and the number of freelancers.
The Prime Minister further emphasized the ongoing efforts to regulate digital currency in Pakistan and expressed the importance of turning the discussions into actionable plans.
During the meeting, participants commended the government’s economic measures, noting that the country’s economy is stable and moving towards growth. They pointed out that stability in prices has led to increased production, and the government’s action plan is being acknowledged by global economic institutions, investors, and the business community.
They also appreciated the government’s commitment to institutional reforms and improvements in the tax system, which have fostered a more business-friendly environment.
The meeting also highlighted a rise in exports within a month, which participants saw as a positive indicator of economic recovery. Furthermore, the crackdown on smuggling was seen as contributing to the growth in exports.
The meeting was attended by several prominent figures, including Jahangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, and several federal ministers, including Ahsan Iqbal and Rana Tanveer Hussain.
Shehbaz Sharif said development of industry, agriculture, IT, along with the provision of employment and an increase in exports, are among government’s top priorities.
The Prime Minister expressed the determination to work even harder for sustainable economic development.
The Prime Minister showed the resolve to fully use the existing capacity for the promotion of trade in the region. He stated that the current potential for regional trade would be fully utilized.
He said local industry will be enabled to make country’s exports competitive in the international market. “Industry, agriculture, IT development, job creation, and increasing exports are among the government’s top priorities,” he said and added that the prime minister was focused on establishing green data centres in the country.
He said that economic stability was not the result of an individual effort but the collective efforts of the entire team.
Shehbaz Sharif said the government is also striving for the establishment of Green Data Centers in the country. He said the government is working to improve telecommunication services and internet access in remote areas to boost IT exports and the number of freelancers. Besides, consultation is continuing to regulate the digital currency.
