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.

 

[Michael]

A question: What is Pakistan’s specific definition of a “fully cashless city”?
=================================
Electronic payments are now extremely widespread in China; I haven’t used cash for many years.
However, no official body in China would dare to propose a "fully cashless city."
The reason is quite simple: Only when all transactions refuse to accept cash payments can a city truly become a "fully cashless city." However, in China, refusing to accept renminbi cash payments is illegal.

In China, purely cashless transactions are permitted only in a very limited number of specific scenarios, and such arrangements require legal authorization. For all other types of non-cash payments, it is mandatory to provide a cash-based payment option or a conversion mechanism (to transform cash into a non-cash form).

For example:
Cash is not used for subway services; however, all subway stations are required to provide services for topping up transit cards or purchasing tickets using cash.
In our daily lives, many small-scale businesses do not handle cash—effectively, they do not offer cash-based transaction services. Nevertheless, if a merchant refuses to accept Chinese yuan (RMB) in cash when a customer attempts to pay that way, they are acting unlawfully, and one could potentially take legal action against them. Consequently, merchants often use the excuse, "We don't have enough cash on hand to provide change," as a polite way to decline. Yet, if a customer insists on paying with cash, the merchant is legally obligated to accept it.

 

[I*R*A]

What does minister of interior got to do with this?

Fully / complete cashless is not possible. And by the way Islamabad already is mostly Debit / Credit card, Easy Paisa and Jazz Cash, not sure why minister of interior is wasting his time on this.

 

[RealNapster]

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

Only if our 100% population was literate (in true sense as well as technology) and had the necessary means to perform digital transactions.

The literacy rate is not 100%. The access to capable phones (able to do digital transactions) is not 100%. Access to internet is not 100% . Not even in the capitals (federal + provincial). I dont know how you plan to proceed with it.

Hamare hukamraano pehle hamko itna illiterate rakhty hy or phir aisi farmayshy krty hy hamse.

 

[RealNapster]

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.

You are the very first person on this thread to bring IK and politics to this thread. But somehow @RescueRanger oblivious to it.

 

[clutch]

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.

They have killed him.