📌 Key Highlights & Quick Takeaways:
- Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan is reviewing the tokenization of its existing Eurobond loans, and con.
- He expressed these views while addressing a virtual event organized on Monday under the auspices of Pakistan Banks Association on the topic.
- The Finance Minister said that Pakistan needs financial innovation that will reduce the cost of doing business and help more people become p.
Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan is reviewing the tokenization of its existing Eurobond loans, and consultations are ongoing in this regard. Remittances are expected to exceed $44 billion this fiscal year.
He expressed these views while addressing a virtual event organized on Monday under the auspices of Pakistan Banks Association on the topic of 'Dialogue on Digital Assets and Future Banking'.
The Finance Minister said that Pakistan needs financial innovation that will reduce the cost of doing business and help more people become part of the formal economy. Digital assets also have to prove their utility in the financial system through real economic results.
The finance minister said that Pakistan is currently moving from economic stability to sustainable development, which requires maintaining fiscal discipline, increasing exports and promoting private investment. Digital innovation can play an important role in making the financial system accessible to more people and providing efficient services to businesses.
