Prime Minister Shehbaz Sharif has directed authorities to take steps toward making overseas remittances 100 percent digital as part of the government’s broader strategy to expand digital payments and improve financial transparency in Pakistan.
The directive was issued during a meeting on digital payments held in Islamabad on Tuesday, where the prime minister reviewed progress on the country’s digital financial transformation initiatives. He instructed relevant authorities to accelerate efforts aimed at increasing the use of secure and technology-based payment systems.
During the meeting, PM Shehbaz emphasized the need to strengthen awareness campaigns to encourage merchants and businesses to adopt QR code-based payment systems. He said expanding digital payment options would help create a more modern, efficient, and transparent financial ecosystem.
The prime minister was informed that significant progress has already been made in the digitization of overseas remittances. According to officials, around 92 percent of remittances were received through digital channels during the last fiscal year, showing growing acceptance of electronic financial services among overseas Pakistanis.
The government believes that shifting remittances completely to digital platforms will improve transaction security, reduce dependence on informal channels, and provide better monitoring of foreign currency inflows. Digital systems can also make it easier for overseas Pakistanis to send money quickly and conveniently to their families.
Financial experts note that remittances play a crucial role in Pakistan’s economy by supporting foreign exchange reserves, household incomes, and economic activity. With millions of Pakistanis working abroad, ensuring efficient and transparent remittance channels remains a key policy priority.
The adoption of QR code payments is also expected to support small businesses, retailers, and service providers by reducing reliance on cash transactions. Digital payment solutions can help merchants maintain transaction records, improve financial inclusion, and connect more people with formal banking services.
The government has been promoting digital transformation across various sectors, including banking, taxation, commerce, and public services. Officials believe that increased digital adoption can contribute to greater economic documentation and improved access to financial services.
PM Shehbaz Sharif directed authorities to continue working with banks, financial institutions, and technology companies to expand digital payment infrastructure across the country. The goal is to create an environment where digital transactions become easier, safer, and more accessible for citizens and businesses.
The latest initiative reflects Pakistan’s growing focus on building a digital economy where technology-driven financial services support economic growth, transparency, and inclusion.
