Capital moves towards cashless economy

SCREENGRABThe government has decided to make the federal capital the country's first fully cashless city, setting Dec 31 as the deadline for the transition.

The decision was taken at an important meeting on the Cashless Capital project chaired by State Minister for Interior Talal Chaudhry, in Islamabad on Friday, according to an official statement by the Ministry of Interior on X.Speaking on the occasion, Chaudhry said consultation and suggestions from all stakeholders were important for the success of the project, the statement said.

"The implementation of the project is under way at a fast pace on the special instructions of Prime Minister Shehbaz Sharif and Interior Minister Mohsin Naqvi," Chaudhry was quoted as saying.Naqvi had promised the prime minister that Islamabad would be made Pakistan's first cashless city and the world's first cashless capital, the state minister added.

"After Nov 30, no cash payment will be accepted in any department of the Islamabad Capital Territory administration and the Capital Development Authority (CDA)," Chaudhry stated.

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