Govt sanctions Rs3.5 billion annual subsidy to expand Raast QR adoption at retail outlets

SBP to implement Merchant Discount Rate subsidy scheme to boost cashless transactions, with evaluation report due in July 2026

Government to commission independent audit of Cashless Economy Initiative 2025

Review will assess design, implementation, progress, and governance, including user adoption, merchant participation, and digital payment trends

PM Sharif pushes for digitization of economy, Raast expansion to districts

Federal government aims to take all transactions to cashless system

Pakistan targets 2 million digital merchants, 120 million online banking users, 15 billion digital transactions by FY26

Under Prime Minister's Cashless Economy Initiative, a major goal is to route 100% of overseas remittances through bank accounts or mobile wallets

Finance ministry seeks update on implementation of Raast QR code in public utility companies

Utility companies under Cabinet Division, Power Division, and other relevant ministries have been instructed to coordinate with banks for integration of Raast system into their billing platforms

PM Office directs officials to ensure Raast QR codes at all retail outlets by August 31

Federal and provincial authorities tasked with implementing digital payment infrastructure for cashless economy

Pakistan’s cashless economy initiative enters critical phase, says SBP deputy governor

Digital payment goals set, including expanding mobile banking and increasing digital merchants

FBR disallows 50% of business expenditure for non-bank transactions over Rs200,000

New tax circular targets unbanked sales and unregistered purchases to boost formal sector compliance

Finance ministry develops cashless payment system for govt entities to enhance transparency

Sub-committee holds discussions with relevant ministries; Government to Person and Person to Government transactions in state-owned entities to be digitized

Govt moves towards cashless economy with mandatory QR codes on utility bills

All electricity, phone, and gas bills to feature QR codes for digital payments; SBP sets targets for expanding digital transactions

SBP introduces new customer onboarding framework, mandates digital payment solutions for merchants

Framework aims to streamline account opening with two-day turnaround time, requires banks to provide digital payment solutions for merchants to facilitate digital transactions

SBP reports Rs4.66bn in digital transactions for cattle markets during Eid-ul-Adha

64,553 online payments made under ‘Go Cashless’ campaign in 2025, marking a significant rise in digital adoption over last year

ADB recommends 5% GST on digital transactions to bridge Pakistan’s digital divide

Report reveals women in Pakistan are 35% less likely to own a mobile phone and 38% less likely to use internet than men

SBP to introduce simplified digital payment package for small businesses

Implementation of digital transaction system across Pakistan is vital to bring transparency to economy, says PM

Businesses in Punjab to face Rs 1 million penalty for refusing digital payments

Finance bill also proposes higher penalties for non-compliance with the Electronic Invoice Monitoring System