Cashless economy: NBP to launch online system for government payments
Salman Sufi says efforts are afoot to transfer all government payments to the online system within six months
ISLAMABAD: On the directive of Prime Minister Shehbaz Sharif, the National Bank of Pakistan (NBP) will launch an online system for citizens to make government payments without additional charges.
The system will start working soon after Eid-ul-Adha, Head of PM’s Strategic Reforms Salman Sufi said Wednesday.
Sufi said efforts were afoot to transfer all government payments to the online system within six months, for which instruction had been given to the president of NBP.
He said an efficient online system, which has no additional charges on consumers, was significant for a cashless economy.
He said the step would prove a milestone in promoting a cashless economy.
-
Robinhood unveiled tools allowing AI agents to trade stocks and make purchases for users -
US equity funds draw weekly inflows as investors regain confidence -
TSX futures edge higher as US-Iran deal boosts sentiment ahead of GDP data -
Iran conflict risks ‘doubly scarring’ euro zone consumers, ECB research finds -
Temu hit with $232 million fine by EU over illegal product sales -
Wix.com slashes 20% workforce in major AI restructuring -
Nvidia CEO Jensen Huang joins Beijing's university board, FT reports -
Dropbox CEO Drew Houston exits after 19 years leading the cloud storage pioneer
-
Ferrari unveils $649K ‘Luce’: Inside specs, innovations of Jony Ive-designed electric supercar -
EU set to impose major DMA fine on Google in antitrust case
-
South Korea’s Bae Kyung-hoon calls for public share in ‘AI wealth’ amid Samsung labor dispute
-
Meta’s new ‘Forum’ app triggers 6% drop in Reddit stock
