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.

Waqas Anis Appointed Chief Digital Officer at BankIslami to Lead Next Phase of Digital Transformation

BankIslami has appointed Waqas Anis as its new Chief Digital Officer. With over two decades of experience in banking, consulting, and technology, Waqas will lead the bank’s digital strategy, driving innovation, digital lending, and customer experience enhancement to strengthen BankIslami’s position as a technology-driven Islamic financial institution.