Pakistanis have $ 20bn digital currency, says FPCCI boss

Pakistanis have $ 20bn digital currency, says FPCCI boss

 

Pakistanis have $ 20bn digital currency, says FPCCI boss

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry on Wednesday found that Pakistanis have a digital currency worth about $ 20 billion.

Addressing the public, FPCCI President Nasir Hayat Magoon said, "According to our estimates, the people of Pakistan have a secret currency worth $ 20 billion."

He called on public officials to devise a comprehensive strategy to enable people to trade digital currency out of Pakistan rather than Dubai. Indeed, even though India has familiar principles related to digital currency, Magon added.

Magoon said it was a matter of great concern to the government in charge of 'not resolving decisions on time'. He said Energy Minister Hammad Azhar should leave if he did not care to resolve the issue.

Examining the PTI-led government, the FPCCI chief said the benefits of lowering oil costs in global markets would not be distributed to the people of Pakistan.

Discussing the ongoing gas crisis in the region, he said Sindh created 2,310mmcf gas while 900mmcf gas was supplied to the region.