Digitalization Process
In the meeting, Pakistani PM Imran Khan addressed issues such as digitalization of government services. How the latest technology blockchain will impact ensuring effectiveness and transparency. Imran also highlighted the possibilities to eliminate red-tapism and improve effective service delivery to meet the government vision.
Pakistan’s IT experts briefly explained to the Prime Minister, the various processes in the digitalization. They also discussed the challenges in the processes.
In the meeting, the discussion focused on blockchain technology. How this technology ensures efficiency and transparency.
The meeting also continued on the future generation trading platform. This efficiency platform will help Pakistan and trade in the new era. The IT solution will solve major issues of economic growth problems.
Khan expressed, the digitalization process will create friction-less delivery services. It will do easy transactions in the country. The PM also remarked, the digitalization process is critical to ensure transparency and efficiency in performing official businesses.
Cryptocurrency Regulations:
In the previous, Pakistan declared to implement new cryptocurrency regulations. This will facilitate electronic money transfer makes easy. It will also fight against financial crime. These regulations will help to combat terrorism financing and money laundering. It may assist to use digital currency across the nation.
Pakistan Cryptocurrency
On April first, Jameel Ahmad, the country’s central bank deputy governor, announced that the organization will issue a virtual currency by 2025. This digital currency will solve all financial problems and it will make easy to use all money related transactions. This cryptocurrency will combat corruption and improve transparency.
The country will get benefits from the digitalization processes. It will reduce the cost and problems from the fiat currency.
Do you think the digitalization process will help the country? Mention your opinions in the comment section.