Prime Minister Shehbaz Sharif has said that the government is working on regulating digital currencies.
While chairing a meeting of the Economic Advisory Council (EAC), the prime minister said that consultations are underway regarding the regulation of digital currencies.
Sources in the Prime Minister’s Office told Dawn that the prime minister believes that the world is moving towards digital currencies, so he said that we are examining the advantages and disadvantages of using digital currencies.
According to an official press release, the members of the Economic Advisory Council expressed full confidence in the government’s economic policies and made important suggestions to promote economic growth.
Welcoming the recommendations, Shehbaz Sharif directed the relevant authorities to work with the council members to formulate a comprehensive action plan based on these suggestions.
He stressed that economic stability is not the result of any individual effort but the collective efforts of the entire team.
Reiterating his commitment to work for sustainable economic growth, the Prime Minister said that the existing opportunities for regional trade would be fully exploited.
The Prime Minister also highlighted the efforts to enable local industries to compete in international markets with their exports.
Stressing on the establishment of green data centers in the country, he said that the development of industry, agriculture, IT, creation of employment opportunities and increase in exports are among the top priorities of the government.
He said that efforts are underway to improve telecommunication services and provide internet access to remote areas, which will help increase the number of freelancers and IT exports.
The Prime Minister stressed the need to convert the constructive discussions of the meeting into actionable projects, with the participants of the meeting acknowledging that Pakistan’s economy is stable and moving towards growth, with production increasing due to price stability.
He said that the government’s economic team has proven all the projections and analyses wrong and the global economic institutions, business community and investors are united in recognizing the government’s action plan.
The participants also appreciated the Prime Minister’s commitment to implementing institutional reforms that were never seen before in the history of Pakistan.
The participants believed that the improvement in the country’s tax system, simplification of regulations and creation of a business and investment-friendly environment have played a significant role in the growth in all major sectors.
