Islamabad: At the launch of regulations for Electronic Money Institutions (EMIs), the Deputy Governor for State Bank of Pakistan (SBP) Jameel Ahmad said, State Bank of Pakistan (SBP) was working on a concept of issuing digital currency by 2025.
The idea of digital currency will help promote financial inclusion and reduce inefficiency and corruption. It will be of benefit to all the stakeholders in trade and commerce. Welcoming to risk taking, it will fundamentally transform economy.
The Finance Minister emphasized on the importance of cyber security as a single incident could lose confidence to the economy and the banking system. SBP and FIA have been asked to ensure effective cyber security.
EMIs will be licensed by the central bank for the issuance of e-money. The central bank will also be fully digitized and technology equipped by 2030. EMIs will offer innovative digital payment solutions and services to the industry, said SBP’s Director Payment Systems Department Sohail Jawad.
For news and updates keep on visiting Graana blog
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
