Over 5,000 shopkeepers in Islamabad registered for digital payments under cashless city drive
Initiative extends to markets, metro buses, and more as Islamabad aims for a fully cashless future
SBP to route all government payments through Raast by end of FY26
Rs3.5bn subsidy approved for Raast P2M QR payments to boost digital transactions and financial inclusion
Govt approves Rs 3.5 billion subsidy to promote digital payments through Raast QR codes
Financial institutions to receive 0.5% subsidy on Person-to-Merchant transactions as part of cashless economy push
Pakistan to digitise all govt payments by June 2026, integrates Raast with Arab Monetary Fund’s Buna
Integration with Buna will enable faster, secure inflows from overseas Pakistanis, but outflows of funds will not be permittedÂ
Balochistan launches Pakistan’s first automated digital financial e-filing system
New system aims to streamline financial processes, enhance public oversight, and ensure transparency across government departments
Govt seeks SBP report on impact of Rs3.5 billion Raast QR subsidy
ECC directs SBP to assess subsidy, merchant adoption, and transaction volumes
SBP directs banks to equip 25% branches with Cash Deposit MachinesÂ
Move is part of the central bank’s broader plan to promote self-service banking and accelerate digitization
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