PM directs remittances be fully digitised
Prime Minister Shehbaz Sharif has ordered the full digitization of foreign remittances to promote a cashless economy in Pakistan. The government aims to increase transparency and sustainable growth by encouraging digital payment methods like QR codes.
Why it matters
Digitizing remittances is a key strategy for Pakistan to stabilize its external sector and modernize its financial infrastructure.
comments Join our Whatsapp Channel Add Dawn as a trusted source ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that remittances from abroad be fully digitised as the government aims to achieve a cashless and digital economy.
The premier issued the directives during a meeting he chaired on promoting a cashless economy and digital payments. “The prime minister directed that awareness campaigns to encourage merchants towards digital payments via QR codes be made more effective, and that remittances from abroad be digitised to 100 per cent,” a statement from the Prime Minister’s Office (PMO) said.
The meeting was briefed that 92pc of remittance funds were received digitally during the past year. Workers’ remittances are seen as the single most critical stabilising force for Pakistan’s external sector, with the inflows reaching a record $41.6 billion in the last fiscal year.
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