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Speaking at the launching ceremony of the Digital Pakistan Vision at the Prime Minister's Secretariat, Prime Minister Imran Khan stated that digitalization is critical for the benefit of the people as it would assist the government to bring a meaningful change in the life of the common man. This, he further contended, would reduce the paper in use by the federal government with an obvious positive impact on environment as well as provide opportunities to women to contribute to this sector and cash in on more jobs in the economy. There is no doubt that the use of paper, sourced to trees, has had severe environmental implications and hence any attempt to reduce its use must be fully supported even though Pakistan imports paper to meet the bulk of its needs, however, one would hope that the government would ensure that there are no deliberate glitches in the computer system due to the perceived benefits associated with influential elements, given that the burning of pa...

PayPak is a Pakistani  domestic payment scheme launched by 1 Link   under the State Bank of Pakistan  Vision 2020 . . The reason to launch this domestic payment scheme was to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs & POS Terminals throughout Pakistan and are yet to be enabled for online transactions. The world has increasingly come to expect faster payments. Even the thought of paying for items by a simple swipe of a watch no longer raises eyebrows. Meanwhile, the process of using payments through electronic means to curtail unregulated and free markets remains futile for decades in Pakistan due to the lack of any concrete road map and regulations on electronic payment usage. The biggest hindrance to financial inclusion is the high cost of cards based on international schemes. As a result, a huge proportion of the population is unbanked and under-served. The unbanked population doesn’t have access t...