Pakistan’s central bank issued new regulation allowing non-financial institutions to offer payment services, and pledged to work on government plans to develop a digital currency by 2025.
The State Bank of Pakistan’s deputy governor, Jameel Ahmad, and the country’s finance minister Asad Umar, gave a joint press conference on April 1 to launch the new regulation for electronic money institutions (EMIs).
The two officials used the event to say Pakistan intends to develop a central bank-issued
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