Pakistan Accelerates Cashless Transition as Government Pushes for Digital Economic Reforms
The government of Pakistan is accelerating its shift toward a cashless economy through the Cashless Pakistan Initiative, focusing on digital payments, financial inclusion, and infrastructure reforms. Advisor to the Finance Minister Khurram Schehzad highlighted new milestones, including expanded Raast adoption and nationwide internet facilitation, at the 5th Pakistan Future of Retail Business Summit in Karachi.
Quwat Goes Live on PayFast, Expanding Digital and Assisted Financial Access Across Pakistan
Quwat’s integration with PayFast marks a major milestone in Pakistan’s digital finance journey, combining cutting-edge digital payment networks with on-ground financial access to promote secure, inclusive, and innovative payment experiences nationwide.
Over 10,500 Major Retailers Integrated into FBR’s POS System to Boost Transparency and Digital Taxation
The Federal Board of Revenue (FBR) has integrated 10,562 top-tier retailers into its Point of Sale (POS) system by September 2025, marking a major push toward documentation, digital taxation, and compliance among Tier-I retailers, including restaurants, textile, and leather businesses.
Islamabad Registers Over 5,000 Shopkeepers for Digital Payments in Cashless City Drive
The Capital Development Authority has enrolled over 5,000 shopkeepers and merchants for QR code-based digital payments under its ambitious plan to turn Islamabad into Pakistan’s first cashless city.
Aik Partners with PTCL to Strengthen Secure Cloud Infrastructure for Islamic Digital Banking
Aik, Pakistan’s first Islamic digital banking platform, has partnered with PTCL to deploy secure cloud infrastructure through PTCL Smart Cloud, strengthening resilience and enabling the expansion of Shariah-compliant digital services nationwide.
Digitt Plus Partners with EZ Wage to Redefine Salary Access in Pakistan
Digitt Plus and EZ Wage have joined hands to transform how salaried individuals in Pakistan access and manage their earnings, bringing smarter financial services, seamless digital payments, and greater financial control.
Markaz Technologies and Speedaf Express Partner to Transform Last-Mile Delivery in Pakistan
At the Pakistan–China B2B Investment Conference 2025 in Beijing, Markaz Technologies signed an MoU with Speedaf Express to strengthen last-mile delivery services in Pakistan, enhancing e-commerce logistics and cross-border trade.
The Mirage of Moderation: Pakistan’s Inflation Story
Pakistan’s official inflation data shows a sharp slowdown, but for households struggling with food, fuel, and utility costs, the relief feels like an illusion. Disinflation hides a deeper crisis in measurement, policy, and lived experience.
FBR Imposes New Tax Filing Duties on Couriers, Payment Channels, and Online Marketplaces
The Federal Board of Revenue has rolled out new compliance rules for couriers, payment intermediaries, and online marketplaces, making quarterly and monthly tax statements mandatory under updated Income Tax Rules 2002.
Pakistan Accelerates Towards Regulated Digital Asset Landscape
Pakistan’s Finance Division, in collaboration with the Pakistan Crypto Council and key regulatory bodies, is fast-tracking the development of a comprehensive legal framework for digital and virtual assets. This initiative aims to establish clear governance, licensing protocols, and robust investor protections, aligning the nation with international best practices in the burgeoning digital economy.