Connect with us


Pakistani PM, Imran Khan, Chairs Meeting on Government Digitization, Wants Blockchain

Saad Ullah



The Prime Minister of Pakistan, Imran Khan, recently chaired a top level meeting in which he discussed the digitization of government services and leveraging the use of blockchain.

Removing Red Tape with Blockchain

The meeting was reported by the largest media group in Pakistan, through its daily English language newspaper, The News on 17th April, 2019. The cricket star turned premier headed the meeting which included special IT professionals from UAE, on how the government and its associated services can be digitized to speed up process. In the meeting, the advantages of blockchain technology were also discussed.

The specialists were invited by the Special Assistant to the Prime Minister, Sayed  Zulfiqar Abbas Bukhari. The IT experts briefed the Prime Minister on how the latest IT processes could be used to reduce red tape, increase efficiency, bring transparency and combat financial irregularities. Blockchain, as an emerging disruptive technology, was also discussed at length.

The premier was firm in his belief that modern IT tools and technologies were a necessity for the government to function smoothly in this day and age. The use of modern IT, in his views, would help Pakistan counter the slow growth of economy and the ever increasing war on financial fraud. He also said that this would help iron out kinks in the government red tape and create more coordination between different departments, “The digitalization will also create much needed synergies among the government organizations for ensuring friction-less service delivery and improving ease of doing business in the country,”

Blockchain Friendly, Crypto Angry

The Pakistan government, specifically the central bank, State Bank of Pakistan, had declared cryptocurrencies illegal and directed all banks not to deal with individuals and entities dealing in the digital monies. However, blockchain, the technology behind cryptocurrencies is something that the country is pursuing.

At the start of the year, the local chapter of Telenor, the Norwegian telecom giant, announced that it would be using blockchain for remittances from abroad.

The start of April had seen the government softening its stance on cryptocurrencies, where the State Bank of Pakistan issued a statement in which it said it was willing to give licenses to firms who were willing to work in electronic money and “issue e-money for the purpose of digital payments

The Deputy Governor of the State Bank, Jameel Ahmad, also announced that the central bank was now planning on launching its own central bank digital currency by the year 2025.

Continue Reading
Advertisement Buy Women Dresses
Cryptocurrency5 days ago

The Path to Crypto Trading Starts With Knowledge: A Brief Guide to Crypto Trading

Markets6 days ago

By 2025, Wearable Artificial Intelligence (AI) Market to see 30%+ growth to hit US$180 billion

Blockchain2 weeks ago

Starbucks Uses Microsoft Azure Blockchain for Transparent Coffee Sourcing

Blockchain2 weeks ago

PepsiCo Trials Blockchain Advertisment, Boosts Supply Chain Efficiency by 28%

Blockchain2 weeks ago

IBM Helps Netherland Against Bicycle Theft Through Blockchain

Blockchain2 weeks ago

Satoshi Nakamoto Live Unveiling on 14th May? This Site Says So

Blockchain2 weeks ago

Facebook Seeks USD 1 Billion in Investments for its Stable Coin, Talks With Visa, MasterCard

Blockchain2 weeks ago

New Washington State Bill Recognizes Legality of Blockchain Data

Blockchain2 weeks ago

FedEx CIO Believes Blockchain Will Become “Essential” for Businesses

Blockchain3 weeks ago

HTC Will Launch Blockchain Smart Phone Exodus’ Successor This Year

Blockchain3 weeks ago

Jaguar Land Rover to Reward Car Owners With Iota for Data Sharing

Blockchain3 weeks ago

Japanese Premiere Wants a Cryptocurrency Governance Manual

Banking3 weeks ago

JPMorgan Flexes its Blockchain Wings As It Plans to Widen Use of IIN

Banking3 weeks ago

Cross Border Payments Through Ripple By Saudi British Bank (SABB)

Blockchain3 weeks ago

Philip Morris Wants to Use Blockchain for Validating Tax Stamps

Blockchain3 weeks ago

Nike Files Patent for Term “Cryptokicks” in U.S.

Blockchain3 weeks ago

Brazilian Confectionery Firm Roma Wins Patent for Bitcoin, Will Manufacture Chocolate Coins

Trading News3 weeks ago

Disney Interested in Buying Nexon, Might End Up Owning Bitstamp and Korbit Exchanges

Blockchain4 weeks ago

Anonymous Source Says Samsung Building Own Blockchian, Samsung Coin

Banking4 weeks ago

French Societe Generale Group Issued $112 million Worth Cover Bonds on Ethereum Blockchain

Like us on Facebook

The Trending Posts

Pin It on Pinterest

Share This