RIYADH: Pakistan’s Finance Minister Muhammad Aurangzeb has said that his country is thinking about going towards Pakistan digital currency.
Speaking at the World Economic Forum special meeting at Riyadh on Sunday, the Finance Minister said that the undocumented economy has been the biggest challenge for the country.
Muhammad Aurangzeb said that around 10 trillion tax circulating in the market. “We are considering over moving to digital currency,”.
“We have 9.4 trillion annual revenues and half of our economy has been undocumented,” Finance Minister said.
He said that the government providing cash assistance to entitled women as income support. Beneficiary women want to get the cash by digital vault, he added.
IMF Managing Director Kristalina Georgieva speaking at the World Economic Forum special meeting said some countries including Pakistan facing economic hardships.
