Islamabad to Become Pakistan’s First Cashless City by 2026

ISLAMABAD: The government has announced that Islamabad will become the first fully cashless city in Pakistan, mandating all businesses and shopkeepers to connect to digital payment systems by December 31, 2026. This initiative aims to streamline transactions and enhance financial transparency across the capital.

State Minister for Interior Talal Chaudhry emphasized the importance of this transition, stating, “From November 30, no department within the Islamabad Capital Territory (ICT) or the Capital Development Authority (CDA) will accept cash payments. This is a significant step towards modernizing our economy and reducing corruption.” The government believes that this move will not only facilitate smoother transactions but also encourage the adoption of technology in everyday commerce.

The shift to a cashless system is expected to have far-reaching implications for citizens and businesses alike. It aims to foster a more efficient economy, reduce the risks associated with cash handling, and promote financial inclusion. As digital payment platforms gain traction, the government hopes to see a rise in entrepreneurship and innovation within the city.

Looking ahead, the government plans to conduct awareness campaigns and training sessions for both consumers and businesses to ensure a smooth transition. Further details on the implementation process and support for those unfamiliar with digital payments will be announced in the coming months.