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.

 

[Meengla]

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.

Right. That was my experience during my last visit to Pakistan. IIRC, if I paid cash at a restaurant then the GST would be 18% but if paid via credit card then only 8%. Of course I paid via my credit card: Not only lower GST but also convenient for me.

I was a little concerned because too many Pakistanis businesses--even more upscale ones--were not accepting credit cards and my cash reserves in Pakistani Rupees were depleting. I didn't want to carry a wheelbarrow full of cash! A point came when I was in Skardu that I asked a fellow hotel guests if I had to then could I send him money via Paypal in exchange of him giving me the cash in Pakistani Rupees. He said he would but the need didn't arise.