{"id":34625,"date":"2024-04-29T11:54:43","date_gmt":"2024-04-29T06:54:43","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=34625"},"modified":"2024-04-29T11:54:43","modified_gmt":"2024-04-29T06:54:43","slug":"pakistan-mulls-to-move-towards-digital-currency-says-finance-minister","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-mulls-to-move-towards-digital-currency-says-finance-minister\/","title":{"rendered":"Pakistan mulls to move towards &#8216;digital currency&#8217;, says Finance Minister"},"content":{"rendered":"<p>ISLAMABAD: Speaking at the World Economic Forum (WEF) meeting, the Federal Finance Minister Muhammad Aurangzeb said that Pakistan is considering moving towards digital currency.<\/p>\n<p>During the special WEF session in Saudi Arabia, the Finance Minister described the undocumented economy as the biggest challenge.<span data-preserver-spaces=\"true\"> He stated that half of the economy is undocumented and that ten trillion rupees are <\/span><span data-preserver-spaces=\"true\">in market circulation.<\/span><\/p>\n<p>The finance czar said that poor women in Pakistan are given assistance money by the government, while the common complaint of women is that the men in their houses take away the cash from them. Beneficiary women want to get the cash by digital wallet.<\/p>\n<p><em><strong>READ MORE:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-govt-starts-preparation-for-digital-rights-protection-bill\/\">Pakistan govt starts preparation for \u2018Digital Rights Protection Bill\u2019<\/a><\/strong><\/em><\/p>\n<p>During the special session, Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that Pakistan and Egypt are still facing economic difficulties after the <span data-preserver-spaces=\"true\">COVID-19 pandemic<\/span>. She said some countries are doing well, but others are \u201cfalling behind,\u201d without further clarification.<\/p>\n<p>He said that due to the <span data-preserver-spaces=\"true\">COVID-19 pandemic<\/span>, the world economy suffered a loss of $3.3 trillion and the least developed countries had to bear the biggest loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Speaking at the World Economic Forum (WEF) meeting, the Federal Finance Minister Muhammad Aurangzeb said that Pakistan is considering moving towards digital currency. During the special WEF session in Saudi Arabia, the Finance Minister described the undocumented economy as the biggest challenge. He stated that half of the economy is undocumented and that ten [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":34626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13173,15958,15957],"class_list":["post-34625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-finance-minister-muhammad-aurangzeb","tag-pakistan-considering-digital-currency","tag-pakistan-digital-currency"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=34625"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/34626"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=34625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=34625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=34625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}