The Governor of the State Bank of Pakistan says a digital currency pilot will be launched.

According to Reuters, the State Bank of Pakistan is preparing for a digital currency pilot and finalizing virtual asset regulatory regulations. On July 9, State Bank Governor Jameel Ahmad stated at the Reuters NEXT Asia Summit that the country is advancing the modernization of its financial system and strengthening the central bank's digital currency capabilities, with the hope of launching a pilot program as soon as possible. He discussed South Asian monetary policy challenges with the Governor of the Central Bank of Sri Lanka, stating that the new laws will lay the foundation for the licensing and regulation of the virtual asset industry, and that the central bank has contacted some technology partners. He emphasized that risks and opportunities coexist in this emerging field, and that risks need to be carefully assessed and managed while seizing opportunities. On the same day, Pakistan's Minister of State for Blockchain and Cryptocurrency Affairs stated that the government has approved the Virtual Asset Act of 2025, which will establish an independent body to regulate the cryptocurrency industry. [Odaily Planet Daily]