This Ramzan Take Your Kafalat Payment Through Digital Wallet: Said PM
The Prime Minister has declared that during this Ramzan, all Benazir Kafalat beneficiaries will be able to receive their payments immediately using a digital wallet system.
Under the BISP program, this new project seeks to improve the speed, security, and convenience of transactions for millions of worthy families throughout Pakistan.
PM Shabaz Sharif’s New Statement Regarding Cashless Payment
In what he called the opening of a “new chapter” in Pakistan’s transition to a cashless economy, Prime Minister Shehbaz Sharif said on Monday that financial aid under the Benazir Income Support Programme (BISP) will be distributed through digital wallets beginning this Ramadan.
10 Million Digital Wallet Under BISP
The premier stated that implementing digital systems would help guarantee sustainable economic growth, enhance governance, and reduce corruption while presiding over a conference to assess progress on the digitalization of payments.
The prime minister was updated on the operationalization of 10 million digital wallets under BISP, which is scheduled to be finished by the end of this month, according to an official statement.
Mr. Sharif highlighted global trends and stated that Pakistan needs to adapt to the world’s swift transition to digital economies. He stated that the government’s early emphasis on digital transformation was now yielding noticeable effects, adding that “digital payments will enhance transparency and efficiency while reducing corruption.”
10 Million Digital Wallets To Be Activated This Month
The committee was informed that Raast QR codes are now being used to pay gas and electricity bills, facilitating digital transactions worth billions of rupees. Raast has also been integrated with the Islamabad government’s mobile application, and digital payment systems have been connected to the granting of new business licenses.
Retail establishments now use QR codes to encourage electronic transactions.
A crucial part of the larger financial inclusion goal, the licensing of digital banks, was also examined by the attendees.
PM Appreciates Stakeholders and Orders Faster Progress on Cashless Transition
The Federal Board of Revenue (FBR), State Bank of Pakistan, the Finance Ministry, the Ministry of IT, and other stakeholders were commended by the prime minister for their “commendable” performance. However, the prime minister ordered that all economic benchmarks for the cashless transition be met within the specified timeframes.
Noting that 68% of Pakistanis are now financially included, he gave officials instructions to increase this coverage.Federal ministers Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Shaza Fatima Khawaja, and Bilal Azhar Kayani were present at the meeting, as were State Bank Governor Jameel Ahmad, NADRA Chairman Lt Gen Muhammad Munir Afzal, and FBR Chairman Rashid Mahmood Langrial.
Conclusion
The government’s decision to introduce digital wallets for BISP Kafalat payments this Ramzan marks a major step toward Pakistan’s cashless future. With 10 million wallets set to be activated, this initiative will not only make transactions faster and safer for beneficiaries but also strengthen transparency and financial inclusion across the country.
