Govt eyeing cashless economy

Minister of State for IT and Telecommunication Shaza Fatima Khawaja Thursday said that the present government was committed to transform Pakistan into cashless economy.

She said that the government aimed to reduce reliance on physical currency and promote digital transactions through initiative like the SBP's RAAST instant payment system.

Speaking at a meeting of a high-level Committee on Promotion of Cashless Economy, Shaza Fatima said that digital payments have critical role in driving economic growth and efficiency, said a news release. She said that steps were needed to accelerating digital financial inclusion and boosting economic growth.