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Islamabad Set to Become Pakistan’s First Fully Cashless City by Dec 31
Officials say 26,000 merchants are already connected as the capital moves toward a cashless system to improve transparency and tax monitoring.
Islamabad will become Pakistan's first cashless city, with all businesses required to adopt digital payment systems by Dec 31, 2026, the federal government announced.
Minister of State for Interior Talal Chaudhry is leading the Cashless Islamabad project, stating that digital systems will improve financial transparency and tax monitoring through institutional collaboration.
Officials have already connected 26,000 merchants to digital payment services. The Islamabad Capital Territory administration and Capital Development Authority will stop accepting cash after Nov 30.
Representatives of the banking sector welcomed the government's initiative during recent meetings, assuring full cooperation for the project's implementation across Islamabad's merchant community.
Nordic nations like Sweden currently report low cash usage, while Mainland China relies heavily on QR-based platforms such as Alipay and WeChat Pay, providing international models for Islamabad's transition.