A. Reduced interest rates to record lows
B. Launched its first national digital currency, e-PKR
C. Introduced new 1000-rupee banknotes
D. Joined the BRICS payment network
In 2025, Pakistan officially launched its first national digital currency called “e-PKR.” The move came under the supervision of the State Bank of Pakistan (SBP) as part of the “Digital Pakistan Payments Strategy 2025.” This new currency aims to reduce cash dependency, improve transparency, and make digital transactions safer and faster.
The e-PKR is a Central Bank Digital Currency (CBDC), meaning it’s issued and controlled directly by the SBP — not by private companies or banks. It works like regular money but exists only in digital form. People can send, receive, or store e-PKR through mobile wallets and official apps without using physical cash.
The system was developed in partnership with the National Information Technology Board (NITB) and several local fintech startups. The e-PKR uses blockchain technology, ensuring every transaction is traceable, secure, and protected against fraud.
The government’s goal was to bring more people into the formal banking system. Pakistan has millions of citizens who don’t use banks. With e-PKR, they can now make payments, pay bills, and transfer money instantly — even in rural areas with basic smartphones.
One major advantage is cost reduction. Cash printing and handling costs billions annually. Digital currency helps save those funds while reducing corruption and counterfeit money.
Experts say this step will also help Pakistan in fighting money laundering, tax evasion, and illegal trade. The SBP assured that all users’ privacy will remain protected under the Digital Financial Security Act 2025.
The launch of e-PKR shows Pakistan’s commitment to digital transformation and financial innovation. It brings the country closer to trends seen in China, the EU, and the UAE, where digital currencies are already changing economies.
For the common citizen, it means simpler payments, lower fees, and safer transactions. For the nation, it’s a strong step toward a cashless, transparent, and tech-driven economy — something every Pakistani can benefit from.