Business & EconomyNov 2, 2026
🇵🇰 اردو میں پڑھیںThis financial year remittances are expected to exceed 44 billion dollars, Finance Minister
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This financial year remittances are expected to exceed 44 billion dollars, Finance Minister. 📌 Key Highlights & Quick Takeaways: Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan is reviewing the tokenization of its existing Eurobond loans, and con. He expressed these views while addressing a virtual event organized on Monday under the auspices of Pakistan Banks Association on the topic. The Finance Minister said that Pakistan needs financial innovation that will reduce the cost of doing business and help more people become p. Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan is reviewing the tokenization of its existing Eurobond loans, and consultations are ongoing in this regard. Remittances are expected to exceed 44 billion dollars this fiscal year. He expressed these views while addressing a virtual event organized on Monday under the auspices of Pakistan Banks Association on the topic of 'Dialogue on Digital Assets and Future Banking'. The Finance Minister said that Pakistan needs financial innovation that will reduce the cost of doing business and help more people become part of the formal economy. Digital assets also have to prove their utility in the financial system through real economic results. He said that the banks have to take steps to make their cyber security system effective and deal with the emerging threats in collaboration with the State Bank. Bright digital accounts and remittance sector are among the main potential uses of tokenization, the figures for the first quarter of the current fiscal year are encouraging and the total volume of remittances is expected to exceed $44 billion by the end of the fiscal year. The finance minister said that Pakistan is currently moving from economic stability to sustainable development, which requires maintaining fiscal discipline, increasing exports and promoting private investment. Digital innovation can play an important role in making the financial system accessible to more people and providing efficient services to businesses. Official Wire Source & Legal Disclaimer Read ▼ 📰 Official Source & Legal Provenance: Express News Documented Wire Record Editorial & Legal Notice: Ingested and verified from official journalistic wire (Express News) under applicable press regulations. Full primary documentary sources are permanently archived.
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