FBR working to replace cash transactions with debit, credit cards

Islamabad: Pakistan continues to implement International Monetary Fund-mandated reforms, as purchases will now be made via debit cards instead of cash.

To meet IMF conditions and increase revenue, the Federal Board of Revenue (FBR) has taken a significant step toward documenting the country’s business sector.

In the first phase, large retail stores will be required to install debit and credit card machines, which will be integrated with the FBR’s computerized system.

Additionally, CCTV surveillance will be used to monitor transactions.

According to economic expert Dr. Khakan Najeeb, the move aims to transition Pakistan toward a digital payment system.