ISLAMABAD: The Capital Development Authority (CDA) has intensified efforts to turn Islamabad into Pakistan’s first cashless city by rolling out the State Bank of Pakistan’s (SBP) Raast QR code system across markets and public spaces.
The decision was taken at a high-level meeting held at CDA Headquarters on Thursday, chaired by Member Administration and Estate Talat Mehmood on the instructions of CDA Chairman and Chief Commissioner Islamabad Muhammad Ali Randhawa. The session was attended by officials from commercial banks, the SBP, and the Islamabad Capital Territory (ICT) administration.
Officials briefed participants that the Raast QR code, already operational at weekly bazaars, will now be introduced at Class III markets, shopping centres, and major commercial hubs. CDA Member Finance Tahir Naeem said strong measures were being implemented to ensure that one unified QR code is displayed for all categories of transactions throughout the capital.
To monitor the rollout, a digital dashboard has been created to gather real-time data from banks. The meeting also underlined the need for awareness campaigns to encourage citizens and traders to embrace Raast as a secure and transparent digital payment solution.
CDA officials noted that the Raast system would play a central role in Islamabad’s transition to a digital economy, ensuring faster, safer, and more reliable transactions. Talat Mehmood said the CDA was coordinating efforts through a steering committee comprising CDA, MCI, ICT, and partner banks.