Pakistan eyes doubling digital transactions to 15 billion by June 2026 

People wait to use an ATM bank machine in Rawalpindi on June 9, 2023. (AFP)
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Updated 30 October 2025
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Pakistan eyes doubling digital transactions to 15 billion by June 2026 

  • Pakistan’s undocumented economy estimated at around 40 percent of its GDP, says Finance Adviser Khurram Schehzad 
  • Digitizing even modest portion of cash transactions could save Pakistan approximately $590 million annually, he says 

KARACHI: Pakistan’s government is eyeing increasing the country’s annual digital transactions from 7.5 billion to 15 billion by June 2026, Adviser to the Finance Minister Khurram Schehzad said this week amid Islamabad’s push to promote a cashless economy. 

Pakistan is a cash-dominated market where a significant portion of transactions, particularly in the informal sector, are conducted in cash. Officials say many of these transactions are aimed at avoiding taxes and promoting corruption. 

Speaking at the 5th Pakistan Future of Retail Business Summit and Expo held in Karachi on Wednesday, Schehzad said the government’s Cashless Pakistan Initiative aimed to enhance accountability. 

“Highlighting the key targets of the initiative, Schehzad said the number of monthly active Raast QR merchants will increase from 500,000 to 2 million by June 2026, annual digital transactions will double from 7.5 billion to 15 billion by the same period,” the Press Information Department (PID) said. 

He said Islamabad also aimed to digitize 100 percent of government payments by December 2026, noting that a large share of transactions in Pakistan still involve cash. 

The official added that Pakistan’s undocumented economy is estimated at around 40 percent of its gross domestic product, leading to inefficiencies and revenue leakages. 

“Digitizing even a modest portion of cash transactions could save the country approximately Rs164 billion annually, while reducing the undocumented economy by 25 percent could unlock over Rs1 trillion in additional resources,” Schehzad noted. 

Pakistan’s government has recently undertaken measures to promote digital transactions in the country. The Pakistan Airports Authority (PAA) announced on Tuesday that it is introducing a cashless model at airports across the country under which only digital service providers approved by the central bank will be able to provide services to customers. 

The South Asian country is also developing digital identities of all its citizens to enable secure and efficient payments, Pakistani state media reported in August.

In July, Pakistan launched the Merchant Onboarding Framework that requires banks and payment providers to equip all merchants with the government’s Raast payment system-enabled digital tools such as QR codes and PoS [Point of Sale] systems.


Pakistan opposition to continue protest over ex-PM Khan’s health amid conflicting reports

Updated 16 February 2026
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Pakistan opposition to continue protest over ex-PM Khan’s health amid conflicting reports

  • Pakistan’s government insists that the ex-premier’s eye condition has improved
  • Khan’s personal doctor says briefed on his condition but cannot confirm veracity

ISLAMABAD: Pakistan’s opposition alliance on Monday vowed to continue their protest sit-in at parliament and demanded “clarity” over the health of jailed former prime minister Imran Khan, following conflicting medical reports about his eye condition.

The 73-year-old former cricket star-turned-politician has been held at the high-security Adiala prison in Rawalpindi since 2023. Concerns arose about his health last week when a court-appointed lawyer, Barrister Salman Safdar, was asked to visit Khan at the jail to assess his living conditions. Safdar reported that Khan had suffered “severe vision loss” in his right eye due to central retinal vein occlusion (CRVO), leaving him with just 15 percent sight in the affected eye.

On Sunday, a team of doctors from various hospitals visited the prison to examine Khan’s eye condition, according to the Adiala jail superintendent, who later submitted his report in the court. On Monday, a Supreme Court bench led by Chief Justice Yahya Afridi observed that based on reports from the prison authorities and the amicus curiae, Khan’s “living conditions in jail do not presently exhibit any perverse aspects.” It noted that Khan had “generally expressed satisfaction with the prevailing conditions of his confinement” and had not sought facilities beyond the existing level of care.

Having carefully perused both reports in detail, the bench observed that their general contents and the overall picture emerging therefrom are largely consistent. The opposition alliance, which continued to stage its sit-in for a fourth consecutive day on Monday, held a meeting at the parliament building on Monday evening to deliberate on the emerging situation and discuss their future course of action.

“The sit-in will continue till there is clarity on the matter of [Khan's] health,”  Sher Ali Arbab, a lawmaker from Khan's Pakistan Tehreek-e-Insaf (PTI) party who has been participating in the sit-in, told Arab News, adding that PTI Chairman Gohar Ali Khan and Opposition Leader in Senate Raja Nasir Abbas had briefed them about their meeting with doctors who had visited Khan on Sunday.

Speaking to reporters outside parliament, Gohar said the doctors had informed them that Khan’s condition had improved.

“They said, 'There has been a significant and satisfactory improvement.' With that satisfactory improvement, we also felt satisfied,” he said, noting that the macular thickness in Khan’s eye had reportedly dropped from 550 to 300 microns, a sign of subsiding swelling.

Gohar said the party did not want to politicize Khan’s health.

“We are not doctors, nor is this our field,” he said, noting that Khan’s personal physician in Lahore, Dr. Aasim Yusuf, and his eye specialist Dr. Khurram Mirza had also sought input from the Islamabad-based medical team.

“Our doctors also expressed satisfaction over the report.”

CONFLICTING ACCOUNTS

Despite Gohar’s cautious optimism, Khan’s personal physician, Dr. Yusuf, issued a video message on Monday, saying he could neither “confirm nor deny the veracity” of the government’s claims.

“Because I have not seen him myself and have not been able to participate in his care... I’m unable to confirm what we have been told,” Yusuf said.

He appealed to authorities to grant him or fellow physician, Dr. Faisal Sultan, immediate access to Khan, arguing that the ex-premier should be moved to Shifa International Hospital in Islamabad for specialist care.

Speaking to Arab News, PTI’s central information secretary Sheikh Waqas Akram said Khan’s sister and their cousin, Dr. Nausherwan Burki, will speak to media on Tuesday to express their views about the situation.

The government insists that Khan’s condition has improved.

“His eye [condition] has improved and is better than before,” State Minister Talal Chaudhry told the media in a brief interaction on Monday.

“The Supreme Court of Pakistan is involved, and doctors are involved. What medicine he receives, whether he needs to be hospitalized or sent home, these decisions are made by doctors. Neither lawyers nor any political party will decide this.”