- June 2, 2025
- Posted by: Tresmark
- Categories: Currency
As of 2025, 134 countries covering 98% of global GDP are exploring Central Bank Digital Currencies (CBDCs), up from just 35 in 2020. Pakistan can’t afford to watch from the sidelines.
With the launch of the Pakistan Crypto Council (advised by Binance’s founder) and momentum around green sukuk and Panda bonds, the country is already signaling its digital finance ambitions. A CBDC could be the natural next step.
Mr Faisal Mamsa , CEO of Tresmark , aptly puts it, this isn’t just a tech upgrade — it’s a strategic leap.
Crypto vs CBDC — What’s the Difference?
Crypto: Private, volatile, unregulated, not legal tender
CBDC: Government-issued, stable, programmable, and fully legal
Pakistan’s rising crypto adoption and regulatory interest lay the groundwork for serious CBDC exploration.
Global Lessons to Consider
- Bahamas: First to launch, but adoption remains <1%
- Nigeria: 0.5% usage despite being an early mover
- Jamaica: Still struggling with user trust and uptake
Success isn’t about speed — it’s about trust, purpose, and clarity.
Why a Digital Rupee Makes Sense
- Cash still makes up 18% of GDP
- Remittance costs remain high on $35B inflows
- 79% of adults remain outside formal banking
- Subsidy leakages persist
- Limited real-time visibility for policy targeting
Start Thoughtfully, Act Decisively
Pakistan doesn’t need to rush — but it must prepare. With the right planning and safeguards, a digital rupee could drive inclusion, transparency, and economic resilience.
