Transaction limits temporarily raised to facilitate buyers and sellers
- The State Bank of Pakistan has initiated a nationwide ‘ Go Cashless ’ campaign to promote digital payment solutions in cattle markets ahead of Eidul Azha . Running from May 19 until the eve of Eid, the campaign is intended to reduce reliance on cash and boost the use of digital financial services for purchasing sacrificial animals and covering related costs.
“In partnership with the banking industry, the SBP is enabling digital payment solutions in 54 designated cattle markets across the country,” the central bank said in a statement. Digital transactions will be accepted for a range of services, including the purchase of livestock, water, animal feed, and parking fees. Building on similar efforts launched during Eidul Azha last year, this year’s initiative seeks to further expand digital adoption among merchants and consumers. To facilitate large payments, SBP has also temporarily raised transaction limits from May 19 to June 15. “The public is strongly encouraged to take advantage of these convenient and secure digital financial services,” the SBP added, highlighting that greater digital adoption would support a more efficient and inclusive financial ecosystem in Pakistan.Govt assures IMF of strict crackdown on non-filers in upcoming budgetAfter Putin call, Trump says Russia and Ukraine to start 'immediate' talks on ceasefireRecommended NewsPrime Minister Shehbaz Sharif contacts Bilawal Bhutto
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBP launches 'Go Cashless' campaign to promote digital economyThe State Bank of Pakistan (SBP) has launched its “Go Cashless” campaign in Karachi to boost digital payment adoption and move the country closer to a cashless economy. The initiative was inaugurated by SBP Deputy Governor Saleem Ullah at a mall in the Clifton area.
Read more »
People flock to Northern Bypass Cattle Market to see surge in sacrificial animalsAbb Takk News
Read more »
Influx of sacrificial animals gains momentum in Cattle MarketKARACHI: A large number of Karachiites flocked to the Northern Bypass Cattle Friendly Market on Sunday, turning the bustling cattle market into a recreational hotspot.
Read more »
Sacrificial animals draw crowd’s attention at Cattle MarketKARACHI: The Northern Bypass Cattle Market continues to attract a large number of buyers as it enters its 19th day.
Read more »
Cashless Future! SBP’s New Campaign Turns Karachi DigitalThe State Bank of Pakistan (SBP), along with 12 major banks, has started a new campaign called “Go Cashless” in Karachi.
Read more »
Over 55,000 animals arrive at Cattle Market as Eid approachesKARACHI: The number of sacrificial animals at the Northern Bypass Cattle Friendly Market in Karachi has exceeded 55,000
Read more »