Pakistan Central Bank to Launch Digital Currency Pilot Program Soon

Pakistan's central bank is advancing toward a landmark financial modernization effort with its imminent central bank digital currency (CBDC) pilot. The State Bank of Pakistan has completed infrastructure and legal preparations, including the VIRTUAL Assets Act 2025, to regulate the emerging digital asset sector. A dedicated regulator will oversee licensing for crypto-related businesses.

The initiative reflects a strategic alignment with global blockchain adoption trends, positioning Pakistan alongside nations actively exploring sovereign digital currencies. Banking institutions are expected to participate in the pilot under newly established frameworks for digital asset operations.

This CBDC development forms part of broader economic digitization plans, combining monetary policy stability with legislative innovation. The MOVE signals institutional recognition of blockchain's transformative potential in emerging markets.