Shaza Fatima Khawaja said Pakistan is steadily moving toward a digital and cashless economy under the vision of Shehbaz Sharif. Speaking at the Pakistan-EU Business Forum, she highlighted the growing importance of digital technology in transforming economic activity and improving access to services across the country. According to the minister, strengthening digital systems will help […]
cashless economy
PM Shehbaz pushes for rapid shift to cashless economy
ISLAMABAD – Prime Minister Shehbaz Sharif on Monday reaffirmed his government’s commitment to transforming Pakistan into a cashless economy, calling it a key step toward sustainable development and improved governance. Chairing a meeting on the progress of the digital financial transformation, the prime minister directed authorities to expand awareness campaigns, particularly in rural areas, to […]
Pakistan, UAE team up for digital economy growth
Pakistan and the United Arab Emirates (UAE) have agreed to work closely on creating a cashless economy. Both countries aim to share knowledge, technical help, and experience. This move is part of efforts to speed up digital transformation in finance and governance. The decision came after a high-level meeting between the two countries. Pakistan was […]
PM Shehbaz: Cashless economy will end corruption in Pakistan
Prime Minister Shehbaz Sharif praised the launch of digital wallets under the Benazir Income Support Program (BISP). He said the digital wallet is a major step forward in Pakistan’s economy. Shahbaz stated that moving towards a cashless economy will help end corruption in the country. At an event in Islamabad, he congratulated the BISP chairman, […]
Pakistan races toward cashless future with digital wallet boom
Pakistan is making fast progress toward a cashless economy. The government has set ambitious goals to increase digital financial services. By the end of fiscal year 2025–26, the aim is to reach two million active digital merchants. The number of mobile and internet banking users is expected to grow from 95 million to 120 million. […]
Pakistan forms committees to boost cashless economy under Prime Minister’s orders
Prime Minister Shehbaz Sharif has ordered the creation of three special committees to promote a cashless economy across Pakistan. These committees will focus on digital infrastructure, payment innovations, and government payments. Their goal is to make digital payments easier and more accessible for citizens and businesses. The committees will work on raising awareness about digital […]
PM Shehbaz: Digital payments must be easier and cheaper than cash
Prime Minister Shehbaz Sharif on Monday urged authorities to make digital transactions simpler and cheaper than cash to speed up Pakistan’s shift toward a cashless economy. Chairing a meeting on the matter, he emphasized that developed countries prefer digital systems due to their efficiency and transparency. He stressed that Pakistan must follow this global trend […]
Khyber Pakhtunkhwa goes digital: Cashless economy on the rise
The Khyber Pakhtunkhwa government has launched the “Cashless Khyber Pakhtunkhwa Initiative” to promote digital payments and reduce cash dependency. This mandatory system will streamline transactions, enhance financial transparency, and drive economic growth across the province. To ensure smooth execution, the initiative will involve partnerships with mobile wallet providers and a strong enforcement mechanism led by […]
The evolution of traditional finance into digital finance in Pakistan
The growing population of Pakistan and the young demography of the country presents a huge potential for a digital financial setup. Currently, Pakistan houses more than 160 million biometrically-verified mobile connections. Also, there are 58 million mobile wallet accounts. Previously, Pakistan with its National Financial Inclusion Strategy which was created back in 2015 had a […]