PESHAWAR: The provincial administration of Khyber Pakhtunkhwa (KP) said on Wednesday it has prepared a strategy to roll out a universal digital payment system, making it the first province in Pakistan to introduce a cashless economy for business and financial transactions.
The “Cashless Khyber Pakhtunkhwa” initiative aims to modernize financial transactions by requiring all public and private payments, including small and large-scale business transactions, to be conducted digitally.
The strategy includes a phased implementation plan, with various government departments, institutions and district administrations assigned specific responsibilities under defined timelines.
The system, developed in partnership with mobile wallet service providers, will also work offline to ensure accessibility in remote areas.
“The province has decided to launch a universal digital payment system for all types of transactions and business payments,” the KP government said in a statement, adding that a detailed implementation strategy had been finalized.
The system will require all businesses — small and large — as well as private and government transactions to shift to digital payments.
As part of the initiative, the government will collect data on all commercial entities, including small shops, stalls and street vendors at the village council level, ensuring that they are integrated into the new digital framework.
The statement said Chief Minister Ali Amin Gandapur has issued directives for the immediate implementation of the system and instructed the Chief Secretary’s Office to oversee compliance.
“KP will be the first province in Pakistan to introduce a cashless system,” Gandapur said. “This initiative will help promote the digital economy, enhance financial transparency and eliminate fraud and corruption.”
Under the Cashless Khyber Pakhtunkhwa program, all businesses, public transport services and commercial establishments will be required to display QR codes for digital payments. A strong regulatory framework will be enforced to ensure effective implementation.
The KP administration has also planned public awareness campaigns, training programs and support services to help businesses and citizens transition to the new system.
Gandapur said the digital payment system will not only promote fintech solutions and improve economic security but also facilitate better tax collection and create a business-friendly environment in the province.
“The introduction of a digital payment system will encourage private investment and align KP with international digital financial standards,” he added.
Khyber Pakhtunkhwa aims to become Pakistan’s first province with universal digital payment system
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Khyber Pakhtunkhwa aims to become Pakistan’s first province with universal digital payment system
- Ali Amin Gandapur says initiative will enhance financial transparency, eliminate fraud and corruption
- ’Cashless Khyber Pakhtunkhwa,’ developed with mobile wallet service providers, will also work offline
Pakistan’s Sharif congratulates Bangladesh PM hopeful on ‘resounding victory’ in election
- At 60, BNP’s Tarique Rahman is preparing to take charge of Bangladesh, driven by what he calls an ambition to ‘do better’
- The election comes nearly a year and half after the ouster of Sheikh Hasina in a deadly uprising in the South Asian nation
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Friday congratulated Tarique Rahman on the “resounding victory” of his Bangladesh Nationalist Party (BNP) in parliamentary elections, saying that he looked forward to working closely with the new Bangladeshi leadership.
A year and a half after the deadly uprising that toppled Sheikh Hasina’s iron-fisted regime, the BNP said they had a won a “sweeping victory” in parliamentary elections held on Thursday.
Final results are still to come, but the United States was swift to offer its congratulations to Rahman and the BNP for an “historic victory,” its embassy in Dhaka said.
At 60, BNP leader Rahman is preparing to take charge of the South Asian nation of 170 million people, driven by what he calls an ambition to “do better.”
“I extend my warmest felicitations to Mr. Tarique Rahman on leading the BNP to a resounding victory in the Parliamentary elections in Bangladesh,” Sharif said on X.
“I also congratulate the people of Bangladesh on the successful conduct of the elections.”
Sharif’s statement also comes amid Islamabad’s efforts to rebuild relations with Bangladesh, amid a thaw in relations between the two countries. Pakistan and Bangladesh were part of the same country until Bangladesh’s secession following a bloody civil war in 1971, an event that long cast a shadow over bilateral ties.
Both countries have moved closer since August 2024, following the ouster of Hasina who was considered an India ally. While Pakistan-Bangladesh ties warm up, relations between Dhaka and New Delhi remain strained over India’s decision to grant asylum to Hasina.
“I look forward to working closely with the new Bangladesh leadership to further strengthen our historic, brotherly multifaceted bilateral relations and advance our shared goals of peace, stability, and development in South Asia and beyond,” Sharif said.
