City Desk
ISLAMABAD:Prime Minister Muhammad Shehbaz Sharif Monday said top priority of the government was to bring transparency in the economy through digitization system.
He was chairing the weekly meeting on cashless and digital economy.
He said digitization of the payment mechanism from government to people and people to government will create transparency and ease for consumers.
He directed that the steps of digitization and cashless economy should be made easier for small and medium entrepreneurs.
He said the appointment of the Board of Governors and Chairman of Raast should be completed by September.
Experts of economy and business should be included in the Board of Directors of Raast, he added.
The prime minister said all State-Owned Enterprises (SOEs) should also be brought under the purview of the digital system.
He directed that the progress towards digital economy should be accelerated further.
The meeting was briefed on the progress made in introducing cashless and digital economy.
It was told that Raast has advertised for the appointment of its Chief Executive Officer.
The number of users using mobile phone applications and digital banking will increase from 95 million to 120 million. Digital payments will increase from Rs 7.5 billion to Rs 15 billion.
A nationwide public awareness campaign on Raast and digital payments will be launched next month. While import duty on digital payment devices was abolished.
The meeting was told that Digital Payments Index was being launched within a month to bring the economy at par with developed countries.
Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Law and Justice Azam Nazir, Federal Minister for Information Technology and Telecommunication Shaza Fatima, Federal Minister for Petroleum Ali Pervaiz Malik, Advisor to the Prime Minister Dr. Tauqir Shah, Minister of State for Finance and Railways Bilal Azhar Kayani and relevant senior government officials attended the meeting.
