Pakistan’s central bank is preparing a pilot for a central bank digital currency as part of broader digital finance reforms, Governor Jameel Ahmad said on Wednesday.

Speaking on a panel at the Reuters NEXT Asia summit in Singapore, Ahmad said the country is maintaining a tight monetary policy stance to stabilise inflation within its medium-term target.

He added that foreign exchange reserves have risen to $14.5 billion and the ongoing International Monetary Fund (IMF) programme remains on track. 

(Reporting by Ariba Shahid in Karachi; Editing by Andrew Heavens)