Capital inches towards cashless transactions

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APP August 30, 2025 Less than a minute read
The State Bank is working on a project to prevent digital frauds through deploying artificial intelligence. photo: file

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ISLAMABAD:

The Capital Development Authority (CDA) has announced plans to transform Islamabad into Pakistan's first cashless city, making QR code-based digital payments mandatory at all businesses and public transaction points. The decision was taken at a high-level meeting chaired by CDA Member Administration and Estate, Talat Mehmood, at CDA Headquarters on Thursday.

Officials said the move is part of the government's broader vision, under the Prime Minister's directive, to promote a cashless economy and enhance transparency, efficiency, and ease of doing business in the federal capital.

"All types of businesses, from large retailers to small fruit vendors and even taxi services, will be required to display QR codes at their premises," Talat Mehmood stated, emphasising that Islamabad should serve as a "model and exemplary city" for the rest of the country.

The CDA said a formal notification will soon be issued in this regard.

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