Islamabad to become fully cashless city by end of 2026

[RescueRanger]

 

[ACE OF HEARTS]

Every capital city, be it federal or provincial, should be like this, forcefully if the need arises specially by FBR.

 

[Jango007]

Well considering we are about to hit 40 percent poverty rate under grand leadership of failed martial we will soon be a money less society…. Literally …

 

[mythbuster]

Well considering we are about to hit 40 percent poverty rate under grand leadership of failed martial we will soon be a money less society…. Literally …

Worry not sir , when IK will come into power he will rub his ' Pinky ' and jinnaat will bring gold and diamonds from the hidden caves.

 

[mythbuster]

Post deleted by moderator

Wow , you are even wittier than IK the dim .

 

[Watandar]

You can now use debit/credit card and other fintech like paying by phone in many shops and businesses in prominent urban centers of Pakistan. Some of these businesses, usually prominent brands, even implement GST and the discount for non-cash payment in the bill.

However far far more business is still conducted in cash, not just because of tech barriers but because a lot of the economic activity in Pakistan is black, so as to avoid recording of transactions, assessment of wealth and payment of taxes.

The idea that Islamabad can go completely cashless in 6 weeks is...throughly unfeasible.

 

[Blain2]

You can now use debit/credit card and other fintech like paying by phone in many shops and businesses in prominent urban centers of Pakistan. Some of these businesses, usually prominent brands, even implement GST and the discount for non-cash payment in the bill.

However far far more business is still conducted in cash, not just because of tech barriers but because a lot of the economic activity in Pakistan is black, so as to avoid recording of transactions, assessment of wealth and payment of taxes.

The idea that Islamabad can go completely cashless in 6 weeks is...throughly unfeasible.

What is not in the black market is expected to be made cashless. What goes on under the table anywhere, including in the west, operates outside of that country's digital economy. This problem is not Pakistan or Isb-specific.

The point is that most vendors, enterprises, financial institutions have been connected to the digital grid, have the PoS terminal/infrastructure that is connected to allow for a cashless transaction.

So why question this positive outcome on the basis of someone's intent to go under the table? The government and financial institutions have provided the consumers and businesses with the ability to transact in a cashless manner. Those who want to do things outside of it will persist just as they do in China, India, the US, EU etc. etc.

To be honest, I sometimes wonder what good all these put-downs do on every thread.

Frankly, you can do better. Not everything about Pakistan needs to be a put-down. ;-)