Digital transactions users in Pakistan exceed 2 million

Minister of State for Finance Bilal Azhar Kayani met a high-level delegation of the Gates Foundation. The delegation was led by Dr Anita Zaidi, President of the Gender Equality Division.

The meeting reviewed progress on digital transformation, economic reforms and the cashless economy. The Gates Foundation praised the government’s reform measures.

The Gates Foundation said it would continue to support a cashless Pakistan and the economic reform agenda. It assured that cooperation in Pakistan would be expanded further through Karandaz.

Bilal Azhar Kayani said the number of people making digital transactions had risen from 500,000 to more than 2 million. He said the set target for digital transactions was achieved by June 2026. He said the target of a further increase in the number of digital transaction users would also be met.

He said the government had given a subsidy of Rs3.5 billion to promote Raast QR. He said the use of the digital payments system had risen markedly through Raast QR. He said reforms for the documentation of the economy and for financial inclusion were continuing at pace. He added that government reforms were continuing to increase transparency and efficiency in government payments.