Cattle deals hit Rs4.6b online

Executive Director, DFS Group, SBP, Sohail Javaad, highlighted SBP's focus on building a digital economy


Our Correspondent July 17, 2025 Less than a minute read

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KARACHI:

The State Bank of Pakistan (SBP) announced on Wednesday that 64,553 digital transactions worth Rs4.656 billion were carried out in cattle markets during Eidul Azha in early June.

According to the central bank, the transactions were processed under the SBP's "Go Cashless in Cattle Markets Campaign 2025", which aimed to reduce reliance on cash and promote Digital Financial Services (DFS). The campaign was implemented in 54 major cattle markets nationwide, with participation from 24 partner banks.

An award ceremony was held on Wednesday, in Karachi by the SBP Banking Services Corporation (SBP BSC) to honour high-performing banks. SBP BSC MD Maraj Mahmood appreciated the banks' efforts in promoting digital payments. Executive Director, DFS Group, SBP, Sohail Javaad, highlighted SBP's focus on building a digital economy.

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