Tag: Shehbaz Sharif

Prime Minister Shehbaz Sharif announces the expansion of the Roshan Digital Account scheme to include foreign nationals and companies to strengthen Pakistan's financial markets.

Pakistan’s push toward a cashless economy under Prime Minister Shehbaz Sharif is struggling to gain momentum, with fewer than 700,000 retailers adopting digital payment systems. Despite strong government efforts, resistance from traders and growing cash circulation remain major barriers to digital transformation.

Despite Prime Minister Shehbaz Sharif’s push for a cashless economy, fewer than 700,000 retailers in Pakistan have adopted digital payment systems. The government aims to link 2 million merchants by mid-2026, but resistance from traders and high cash circulation remain key challenges.

Finance Minister Muhammad Aurangzeb has warned that Pakistan risks slipping back into the FATF grey list due to unregulated digital transactions. He stressed the need for a regulatory framework while urging faster adoption of blockchain, cryptocurrency, AI, and Web 3.0 to strengthen Pakistan’s digital economy.

A high-level Alibaba delegation met Prime Minister Shehbaz Sharif in Islamabad, prompting Pakistan to form a new committee to chart the future of e-commerce and boost exports, while fresh taxes on international platforms reshape the local digital retail landscape.

Prime Minister Shehbaz Sharif forms three high-level committees to accelerate Pakistan's transition to a cashless economy through expanded digital payment infrastructure and fintech adoption.