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Pakistan's Digital Leap: The Unassailable Uptake of Digitalisation
Despite persistent user complaints about poor experience, the adoption of digital financial services in Pakistan is experiencing an unassailable boom. As of FY25, digital platforms have over 123 million registered users. Mobile banking is driving high-value transactions, surging 80% to Rs 83.2 trillion and processing more volume than all other digital channels combined. The biggest breakthrough is in throughput digitization, where the digital share of scheduled bank retail transaction value reached a record 21.7%. The primary challenge now is capitalizing on this momentum to digitize the complex business-to-business (B2B) payment universe.
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Stablecoins in Pakistan: The Urgency for Regulation
The stablecoin venture Zar's recent $12.9 million seed funding has intensified the need for immediate, clear regulation in Pakistan to balance financial innovation with national interest. While Zar aims to attract remittances, experts warn that widespread stablecoin adoption risks challenging the Rupee's stability and disintermediating the regulated banking system. Policy recommendations center on implementing bespoke oversight including licensing, daily reserve reporting, and asset segregation under the State Bank of Pakistan (SBP), rather than outright prohibition. Crucially, on/off-ramps for these digital currencies should settle locally in PKR to mitigate dollarisation risk, and the SBP must also enable banks to compete on-chain (e.g., through tokenized deposits) to protect the process of financial intermediation itself.
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PTA Investing Up to Rs. 120M to Upgrade National Firewall
The Pakistan Telecommunication Authority (PTA) is launching a major renewal project to significantly upgrade its cybersecurity firewall. The project, which has an estimated budget range of Rs. 40 million to Rs. 120 million, will deploy Next-Generation Firewalls (NGFWs) at its headquarters and regional offices. This upgrade aims to give the PTA enhanced control and resilience against increasingly sophisticated cyber threats targeting Pakistan's digital and telecom systems
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Islamabad Food Authority Sets Hard Deadline for Restaurants
The Islamabad Food Authority (IFA) has instructed all food outlets to complete their official registration by November 30. Starting December 1, the IFA will launch a strict enforcement campaign, conducting daily inspections. Any establishment found operating unregistered after the deadline will be sealed and heavily fined, according to Deputy Director Dr. Tahira Siddique. Business owners are urged to register immediately to prevent closure.
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Federal Ministers Oppose PTA Tax on Mobile Phones
Federal government ministers are openly opposing the "excessive" mobile phone tax imposed by the PTA. The opposition includes a claim that even the PTA leadership is against the high tax burden. Critics warn the tax is restricting digital access for millions and slowing the country's technological progress. The Standing Committee on Finance has been urged to review the tax regime.
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Islamabad's Blue Area is Going Car-Free
The CDA has started a Rs240 million project to transform an 800-meter section of the Blue Area along Jinnah Avenue into a car-free pedestrian zone. This pilot initiative will feature food outlets and walking streets, providing a safe recreational space. Parking for 1,100 vehicles will be available nearby, and the project is scheduled for completion within 45 days.
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Google Launches Chromebook Manufacturing in Haripur, Pakistan 🇵🇰
Federal Minister Shaza Fatima Khawaja announced that Google has commenced manufacturing Chromebooks in Haripur, marking a major boost for Pakistan's IT sector. The public-private project, a collaboration with the Ministry of Defence Production and NRTC, aims for an annual production of 600,000 units to provide affordable devices for students. Khawaja noted this reflects growing international confidence, promoting technology transfer and creating new jobs, with current employment at the facility standing around 600 people and future plans for export expansion.
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CDA Chairman Orders Immediate Plot Handover in New Sectors
CDA Chairman Muhammad Ali Randhawa ordered the immediate issuance of plot possession in newly developed sectors to end allottee delays. Following a progress review, the CDA confirmed that road surfacing in I-12 will finish this month, while C-15 roads are due by March next year. To guarantee timely and quality work, the Chairman mandated field presence for officers and approved working groups to both accelerate development and upgrade older areas.
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