Govt. Going to Make Digital Payments Reduce Reliance on Cash

Govt. Going to Make Digital Payments Reduce Reliance on Cash to make the country fully digital. In Marrakesh on Friday, on the sidelines of the annual meetings of the IMF and World Bank government of Pakistan signed an MoU with the Bill and Melinda Gates BMG Foundation.

The government of Pakistan will introduce the Raast-supported Digital Public Infrastructure DPI project to reduce the reliance on cash. Mark Suzman, CEO of the Global Growth and Opportunity Division at the Bill & Melinda Gates (BMG) Foundation, met with Dr Shamshad Akhtar, Minister for Finance, Revenue and Economic Affairs, before signing the MoU to discuss the Pakistan Digital Stack, the next generation of the Raast-supported DPI that Pak­is­tan has plans to introduce with the assistance of the BMG Foundation.

This will bring the digital system of payments in Pakistan reducing the reliance on cash payments, said by Dr. Shamshad Akhtar in a press release on Saturday. Rast will become the main component of the payment system in Pakistan by enabling individuals, companies and government institutions to pay their payments completely digitally.

Besides these, Dr. Shamshad also discussed the Global Tax Policy Reforms G-24 and encouraged the tax policy to increase the revenue of the country. Dr. Akhtar also shared her views and support for financial aid programs like the IMF and World Bank. She also discussed climate change and its effects in the country as well as worldwide. She said, Pakistan through its strategies and initiatives will be able to control the climate in few years.