Islamabad set to become Pakistan first cashless city by year end

Government ends cash payments soon

No cash payment will be accepted in any department of the Islamabad Capital Territory administration or the Capital Development Authority after November 30. By the end of December, every merchant operating in Islamabad will be part of a cashless system as the stated goal. Around 26,000 merchants in the city have already been connected to the digital payment system according to official statements.

Officials attend high level meeting

CDA Chairman Sohail Ashraf and representatives of the banking sector attended the meeting chaired by Talal Chaudhry on Friday. Banking representatives appreciated the initiative and assured full cooperation for its success during the session. The Prime Minister has consistently stressed the necessity of rolling out the digital transaction system throughout the capital.

Digital facilities reach street vendors

Digital payment facilities will be provided at every level from street vendors to major business centres in the federal capital. This development follows a directive to the State Bank of Pakistan to prepare a working paper for the Raast QR Merchant Discount Rate scheme. The number of active merchants taking digital payments has risen four times to 2.03 million thanks to the Prime Minister's Cashless Pakistan program.