The State Bank of Pakistan (SBP) is preparing to launch a pilot project for a digital currency and is finalizing laws to control virtual assets, Governor Jameel Ahmad revealed on Wednesday, according to Reuters.

At the Reuters NEXT Asia event in Singapore, the governor stated that Pakistan was “building up our capacity on the central bank digital currency” and expressed optimism that a trial program will be deployed shortly.

The central bank governor stated that a new legislation will “lay the foundations for the licensing and regulation” of the virtual assets industry, and that the SBP was in talks with various technology partners.

There are hazards, but this developing industry also presents opportunity. As a result, he stated that we must carefully examine and manage risks while ensuring that we do not miss out on opportunities to profit.
It is worth noting that the Government of Pakistan has legally adopted the “Virtual Assets Act, 2025,” following endorsements from the Federal Cabinet, Prime Minister, and President of Pakistan.

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