ISLAMABAD: The federal government has decided to make Islamabad Pakistan’s first cashless city, setting December 31 as the deadline for the implementation of the digital payment system.
Minister of State for Interior Talal Chaudhry said the government had set November 30 as the deadline to end cash payments in all departments of the Islamabad Capital Territory (ICT) administration and the Capital Development Authority (CDA).
He said the government aims to bring all merchants in Islamabad into the cashless system by December 31, adding that work on transforming the federal capital into a cashless city is progressing rapidly.
Talal Chaudhry said the cashless system would improve financial transparency, tax monitoring and the overall transaction system.
He added that 26,000 merchants in Islamabad had already been connected to digital payment services.
The minister said digital payment facilities would be provided at all levels, from street vendors to large business centres.
He also stressed the importance of consultations and suggestions from all relevant institutions and stakeholders to ensure the success of the initiative.
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