Blogpost for the MHRC blog, co-authored with my colleagues Eeman Qureshi and Rimsha Arif. An excerpt:
“As discussions and developmental work on central bank digital currencies (CBDCs) pick up pace across the world, watchers of Pakistan’s economic evolution are interested in whether we might see a CBDC issued by the State Bank of Pakistan (SBP). In this blog post, we explore the progress and perspectives surrounding a potential Pakistani CBDC, evaluating whether such an initiative holds promise for the economic landscape in Pakistan. We argue that while an SBP issued CBDC is certainly plausible, its prospects remain ambiguous.“
Daniyal Khan 