Tag: RAAST QR code

Punjab Revenue Authority has mandated Raast QR code–based digital payments for restaurants, hotels, and beauty parlours, requiring SBP-linked QR accounts within 14 days to enhance transparency and documentation.

The Finance Division has drafted amendments to the PS&EFT Act, mandating at least one digital payment mode including QR codes, while the government accelerates digitization across public and provincial departments to strengthen Pakistan’s cashless economy.

The Government of Pakistan has set August 31, 2025, as the deadline for all retail outlets to display Raast QR codes. The move supports SBP’s digital payment strategy and will be enforced through license renewals and compliance checks by ministries and regulators.

The Government of Pakistan has set August 31, 2025, as the deadline for all retail outlets to display Raast QR codes. The move supports SBP’s digital payment strategy and will be enforced through license renewals and compliance checks by ministries and regulators.

A government committee recommends fast-tracking Pakistan’s shift to a cashless economy with either digital tax breaks or cash surcharges. With the informal sector valued at $140 billion, the future of payment policy will be decided in the upcoming June budget.