PM seeks roadmap for ‘100pc’ digital payments system, stresses countrywide internet access

Prime Minister Shehbaz Sharif has called for a detailed plan and specific deadlines to create a fully digital payments system across Pakistan, underscoring the nation's need for nationwide internet access. The PM made these remarks during a high-level meeting in Islamabad, as reported by the Prime Minister's Office (PMO). He emphasized that any hurdles faced by users of the digital payment system should be addressed promptly and stressed the importance of ensuring widespread internet access and technology availability for the public to foster a cashless economy.

The prime minister highlighted that promoting a cashless economy is a top priority for the government, noting that progress has already started with initiatives like the Raast QR code system, which is aiding in the transition from cash payments to digital ones between consumers and merchants. The PM directed that the Raast QR code scheme should continue under government support and directed the launch of a media campaign to encourage electricity and gas consumers to pay their bills via QR codes.

All ministries and government institutions were instructed to fully implement the cashless economy plan. An update on ongoing measures to promote a cashless economy was provided at the meeting, stating that digitization of payments in federal and provincial government offices is advancing fast, with most institutions expected to be fully digitized by December 2026.

Furthermore, it was reported that 100% of payments under the Benazir Income Support Programme are now being processed through digital wallets. Efforts are being made to develop a modern system for digital payments in areas without internet access, and work on providing nationwide internet infrastructure is advancing quickly. The ban on cheque-based payments through Asaan Assignment Account, effective November 15, will be replaced by the Raast digital system across the country.

The federal government has been actively working on strengthening Pakistan's financial system through reforms in the tax system, enhancing the efficiency of the Federal Board of Revenue, promoting a cashless economy, and leveraging modern technology. The prime minister has repeatedly stressed the importance of implementing digital transaction systems nationwide, emphasizing the need to bring transparency to the economy.

In June, a high-level committee was established to oversee digital transaction systems, and in July, the government announced plans to fully digitize remittances from abroad as part of a broader digital transformation initiative.