KARACHI: Aik by BankIslami has implemented Raast QR payments in cattle markets throughout Pakistan in preparation for Eid-ul-Azha 2026, aligning with the State Bank of Pakistan's Go-Cashless campaign. The initiative aims to digitize traditional marketplaces, facilitating easier transactions for buyers and merchants.
According to Bank Islami Pakistan Limited, the launch event featured key figures such as Aik Chief Officer Ashfaque Ahmed, Karachi Commissioner Syed Hassan Naqvi, and State Bank of Pakistan's Director and Chief Manager Shakeel Paracha. The officials commended the collaboration between Aik by BankIslami and the central bank in enhancing the country’s digital payments framework.
Chief Officer Ashfaque Ahmed noted the significant cash flow in cattle markets during Eid, emphasizing Aik's commitment to offering a secure and smooth alternative while supporting Pakistan's Riba-free banking system. The Go-Cashless campaign, backed by Aik by BankIslami, is central to the government's initiative to digitalize the economy, aligning with the Prime Minister's vision for a cashless society.
Aik by BankIslami's efforts are set to fortify Pakistan's digital payment infrastructure, merging modern financial technology with the country's traditional markets. The initiative continues Aik's mission to advance Shariah-compliant financing, ensuring that all Pakistanis can engage in financial transactions confidently and conveniently.