Prime Minister Shehbaz Sharif on Monday announced that financial assistance under the Benazir Income Support Programme (BISP) will be distributed through digital wallets starting this Ramazan, marking what he called a “new chapter” in Pakistan’s shift towards a cashless economy.
Chairing a meeting to review progress on the digitalisation of payments, the prime minister said the adoption of digital systems would ensure transparency, improve governance, and help curb corruption.
According to an official statement, the premier was briefed on the operationalisation of 10 million digital wallets under BISP, set to be completed by the end of this month.
Mr Sharif said Pakistan must align itself with the global transition towards digital economies. He noted that digital payments would enhance transparency and efficiency while reducing corruption.
The meeting was informed that payment of electricity and gas bills is now being facilitated through Raast QR codes, enabling billions of rupees in digital transactions. The Islamabad Capital Territory’s government services app has also been integrated with Raast, while issuance of new business licences is now linked to digital payment systems.
The participants reviewed progress on the licensing of digital banks, a key part of the broader financial inclusion plan.
The prime minister commended the Finance Ministry, Ministry of IT, FBR, State Bank, and other institutions for their work, directing that all economic targets related to the cashless transition be achieved within the set timelines.
He noted that 68 per cent of Pakistan’s population has now achieved financial inclusion and directed officials to further expand the coverage.
