Prime Minister Muhammad Shehbaz Sharif on Wednesday established a high-level committee to promote cashless economy and speed up the digitization.<\/p>\n
The committee, chaired by the prime minister himself, will review the progress and initiatives related to the promotion of digitization and cashless economy on a weekly basis.<\/p>\n
Chairing a meeting in this regard, the prime minister emphasized that digitization of the economy was among the government\u2019s top reform priorities.<\/p>\n
The prime minister directed to encourage the digital money transfers and digital payments through policy initiatives.<\/p>\n
He pointed out that in the federal budget 2025-26, the government had proposed a number of initiatives for the promotion of cashless economy.<\/p>\n
He told that the government was also taking steps to discourage the informal economy and to promote digital transactions for shopping and money transfers.<\/p>\n
\u201cDuring the holy month of Ramazan, the transfer of funds to rightful beneficiaries through digital wallets was ensured in a transparent, efficient, and effective manner,\u201d the prime minister said.<\/p>\n
He added that the use of digital wallets ensured that beneficiaries received their rightful assistance without any human interference, allowing for a transparent distribution of aid.<\/p>\n
The prime minister highlighted that the inflation rate reduced and the foreign remittances increased due to improvement in the country\u2019s economy.<\/p>\n
\u201cBullish trend in the stock market reflects the investors\u2019 trust over the government policies,\u201d the prime minister said adding that by the grace of Allah Almighty, the government\u2019s economic teams\u2019 efforts were yielding fruits.<\/p>\n
During the briefing, the meeting was informed that the traders were given instructions regarding digital payments and transfers of money through digital means.<\/p>\n
The meeting was also briefed on the initiatives regarding the ministries of Finance and Information Technology.<\/p>\n
Federal Ministers Muhammad Aurangzeb, Ahad Khan Cheema, Shaza Fatima Khawaja, Minister of State Bilal Azhar Kayani, Chairman Federal Board of Revenue (FBR) and other high officials attended the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Muhammad Shehbaz Sharif on Wednesday established a high-level committee to promote cashless economy and speed up the digitization. The committee, chaired by the prime minister himself, will review the progress and initiatives related to the promotion of digitization and cashless economy on a weekly basis. Chairing a meeting in this regard, the prime […]<\/p>\n","protected":false},"author":2,"featured_media":485042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-485030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n