Prime Minister Muhammad Shehbaz Sharif established a high-level committee to promote a cashless economy and speed up the digitisation. The committee, chaired by the prime minister himself, will review the progress and initiatives related to the promotion of digitisation and a cashless economy on a weekly basis.
Chairing a meeting in this regard, the prime minister emphasised that digitisation of the economy was among the government’s top reform priorities. He directed to encourage digital money transfers and digital payments through policy initiatives.
He pointed out that in the federal budget 2025-26, the government had proposed a number of initiatives for the promotion of a cashless economy. He said that the government was also taking steps to discourage the informal economy and to promote digital transactions for shopping and money transfers.
“During the holy month of Ramazan, the transfer of funds to rightful beneficiaries through digital wallets was ensured in a transparent, efficient, and effective manner,” the prime minister said.
He added that the use of digital wallets ensured that beneficiaries received their rightful assistance without any human interference, allowing for a transparent distribution of aid.
The prime minister highlighted that the inflation rate reduced and the foreign remittances increased due to the improvement in the country’s economy.
“Bullish trend in the stock market reflects the investors’ trust over the government policies,” the prime minister said adding that by the grace of Allah Almighty, the government’s economic teams’ efforts were yielding fruits.
During the briefing, the meeting was informed that the traders were given instructions regarding digital payments and transfers of money through digital means.
The meeting was also briefed on the initiatives regarding the ministries of Finance and Information Technology.
Federal Ministers Muhammad Aurangzeb, Ahad Khan Cheema, Shaza Fatima Khawaja, Minister of State Bilal Azhar Kayani, Chairman Federal Board of Revenue (FBR) and other high officials attended the meeting.
