The Government’s “cashless economy” initiative intends to rapidly transform the digital economy ecosystem by expanding channels for secure digital payments and social protection. Recently, the State Bank of Pakistan Governor Jameel Ahmad briefed the Parliament’s Standing Committee on Finance and Revenue, providing essential progress updates on key ventures like the “Raast ID” digital payments system, digital banking and wallets, and on issues of financial inclusion, literacy, and regulations. Key indicators suggesting a positive expansion of digital infrastructures include the fact that 88% of retail transactions are conducted digitally and over 46 million Raast ID’s have been introduced. On the basis of these improvements, the government has provided a roadmap for digitizing all state-related payments, at a federal, provincial and municipal level. State-owned Enterprises are also to shift towards digitizing their payment systems by mid-2026.