Pakistani mobile wallet users can now invest in government treasury bills directly from their smartphones, according to a statement issued on Tuesday, expanding access to sovereign-backed investment products beyond the country’s roughly 1.4 million existing public market participants.
The service, launched by JazzCash and Mobilink Bank in collaboration with Pakistan’s finance ministry and central bank, enables eligible users to purchase government treasury bills digitally through the JazzCash application with a minimum investment of Rs5,000.
Pakistan has sought to deepen financial inclusion and encourage greater participation in formal savings and investment products as part of broader efforts to mobilize domestic savings and strengthen capital markets.
Participation in regulated investment vehicles remains limited relative to the country’s population of more than 240 million people.
“The government is working to deepen Pakistan’s financial markets, mobilize domestic savings and expand citizens’ participation in the formal economy,” Finance Minister Muhammad Aurangzeb said at the launch event in Islamabad, according to a statement issued by JazzCash.
“A stronger economy requires more Pakistanis to have access to regulated financial assets beyond conventional savings products.”
Users can access the product through the banking and finance section of the JazzCash application, where they can review available treasury bills, expected profit, applicable yields, maturity values and tax treatment before completing an investment digitally.
Initially, the service will offer three-month treasury bills, with longer-duration instruments planned for later phases, the statement said.
Khurram Schehzad, adviser to the finance minister, said Pakistan Stock Exchange investors had exceeded 563,000 by May, while participation across public markets stood at approximately 1.4 million investors.
He said formal investment opportunities had historically remained concentrated among urban and higher-income segments, limiting access for many first-time investors and small savers.
The participating institutions said they aim to expand access to additional investment products through digital channels and eventually reach one million active investors through government securities and related offerings.