Pakistan Central Bank to Pilot CBDC, Finalize Virtual Asset Regulations

11 July, 2025, 05:30 PM

Pakistan's central bank, the State Bank of Pakistan (SBP), is gearing up for a Central Bank Digital Currency (CBDC) pilot program. According to Reuters, the SBP is also finalizing regulations surrounding virtual assets. SBP Governor Jameel Ahmad stated the bank's commitment to modernizing the financial system and bolstering its digital currency capabilities. The pilot program aims to explore the practical applications and benefits of a CBDC within the Pakistani financial ecosystem. Furthermore, the SBP is collaborating with the Central Bank of Sri Lanka to develop a comprehensive regulatory framework for the virtual asset industry, including licensing procedures. This move signifies Pakistan's proactive approach towards regulating and potentially integrating virtual assets into its financial landscape, while exploring the possibilities offered by CBDCs. ```