ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Wednesday informed the National Assembly that cryptocurrency was a new concept and if the country would go this way, the government would not oppose it.
Responding to a Calling Attention Notice in the House regarding non formulation of regulatory framework for cryptocurrency in the country, he said the government did not opposed it but the State Bank of Pakistan (SBP) had some reservations which should be removed.
The minister said that said the SBP was reviewing it and the matter should be referred to the Finance Committee as “the SBP was saying we should move forward in this regard very carefully, ” he added.
Ali Muhammad Khan said the government did not have any objection if the youth would get the opportunity to invest through the new technology.
On a point of order raised by Pakistan Muslim League-Nawaz (PML-N) member Rao Muhammad Ajmal about the implementation of the recommendations of the standing committee on fixing the subsidy price of wheat, Ali Muhammad said that he would take up the matter with Minister for National Food Security and Research Fakhar Imam and would also raise the issue in the cabinet meeting.