The transition to a cashless economy is rapidly becoming a global phenomenon, with digital transactions replacing cash in many parts of the world. The shift has been catalyzed by technological innovation and accelerated further by the Covid-19 pandemic, which highlighted the convenience and safety of contactless payments. Pakistan, too, is taking steps in this direction, with the finance minister rightly emphasizing that the move toward a digital payment ecosystem is not just a policy ambition but a practical necessity for long-term economic resilience, competitiveness, and inclusive growth.

The upcoming federal budget is expected to include concrete steps to promote financial digitization. These include incentives for........

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