The Correct Way To Do This (Non-Negotiables)
If Pakistan is serious, it must publish and enforce these:
1) Define the scope publicly
What corridor? What volume? What timeline? What controls?
2) Reserve proof requirements
Audits, custodians, redemption policy — no mystery.
3) SBP enforcement power
The central bank must have authority to pause, review, and sanction.
4) AML/KYC compliance that’s real
Not symbolic. Not selective. Real.
5) Institutional pilot first, retail last
No mass rollout. No public hype. No “get rich” narrative.
Only controlled settlement experiments.
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