Pakistan has finally announced that they are going to launch its digital currency. According to the State Bank of Pakistan’s Governor, Jameel Ahmad, this digital rupee currency will be fully controlled by the central bank and will hold the same value as the Pakistani Rupee.
Means: 100 Pakistani rupees PKR = 100 PKR in digital currency.
This git moves places Pakistan among the countries that are adopting a Central Bank Digital Currency (CBDC). But the question is: How will this affect ordinary people, especially the youth? And important thing is that Pakistan already create their crypto council Pakistan Crypto Council (PPC)
What is Pakistan’s Digital Currency?
The digital rupee in Pakistan is not the same as cryptocurrency. It is:
- Issued and backed by the Pakistan State Bank
- Stable value (always equal to the Pakistani cash Rupee)
- Designed only for safe transactions
- Feel like not for trading, profit-making, or investment
In simple terms: it’s a digital version of the rupee, not a speculative asset like Bitcoin or Ethereum.
Pakistan Digital Currency vs. Cryptocurrency
It’s important to understand the difference:
| Feature | Pakistan Digital Currency (CBDC) | Crypto Currency |
|---|---|---|
| Control | Controlled by the State Bank | Decentralized, No control of govt |
| Value | Fixed, equal to PKR | Fluctuates daily |
| Purpose | Safe payments, transparent transactions | Trading, investment |
| Risk | Zero volatility | High volatility (profit & loss both) |
Why the Youth May Not Be Excited
For young people, this may feel disappointing. Globally, youth are attracted to crypto because:
- It allows investment and trading
- They hope to turn small amounts into big profits
- It feels adventurous and rewarding, even though it’s risky
In contrast, the State Bank digital rupee:
- Won’t create investment opportunities
- Won’t allow profit-making
- It will only serve as a transparent way of sending and receiving money
This is why many young Pakistanis may still prefer cryptocurrency trading over a state-backed digital rupee.
Benefits for the Government
While the youth may not see big advantages, the government will gain major benefits:
- Every transaction will be recorded
- It will reduce money laundering, tax evasion, and illegal activities
- Millions of Billions of rupees that are not in the record will be tracked
- It will help modernize Pakistan’s financial system
Experts believe this is a positive step for Pakistan’s economy, as it makes the country’s financial transactions more transparent and secure, thereby reducing the chances of illegal money transfers.
Final Thoughts
The launch of the Pakistan digital rupee (CBDC in Pakistan) is a historic step. It will make transactions safer, curb black money, and strengthen the economy.
However, for youth, the attraction may remain low because this digital currency does not offer investment or profit opportunities like Bitcoin and other cryptocurrencies.
In short:
Good for secure payments and transparency
Not for trading or fast profits
As Pakistan moves forward with its State Bank digital currency, only time will tell how quickly people adopt it and whether it can compete with the global craze for cryptocurrencies.
Summery
Pakistan’s new digital rupee (CBDC) is a big step toward a modern financial system. Backed by the State Bank, it will ensure safe, transparent transactions and reduce black money. However, since it won’t allow trading or profit-making like Bitcoin, the youth may still prefer cryptocurrencies for investment and fast money-making opportunities.
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