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KARACHI, Pakistan— The pace of digitalization in Pakistan’s financial sector is rapidly accelerating, a fact highlighted at the 14th edition of the Bank of the Future Forum, organized under Systems Limited. State Bank Governor, Jameel Ahmad, delivered a keynote address, presenting crucial statistics and strategies for the nation’s digital future.
The Governor emphasized that the government is specifically focusing on the digitalization of financial services, noting that innovation is rapidly transforming the sector. He stressed that customers now demand secure and easy banking solutions, and technologies such as Cloud Computing and Artificial Intelligence (AI) have brought unprecedented modernity to financial services.
Jameel Ahmad presented compelling figures, revealing that a staggering 9.5 billion transactions were conducted nationwide during the fiscal year 2025. Remarkably, 68 percent of these transactions were carried out via mobile apps. He also highlighted that the private sector is rapidly adopting digital platforms like ‘Raast.’
However, the Governor also expressed crucial reservations, stressing the urgent need to enhance consumer confidence in digital financial services. He made it clear that the State Bank is actively strengthening the cyber security framework because “any cyber fraud can compromise customer trust.” He urged commercial banks to invest in these advanced technologies and ensure the complete protection of customer privacy.
Jameel Ahmad reaffirmed that Pakistan’s digital financing service is progressing rapidly towards innovation, underlining the vital role of banks and FinTech companies. He concluded by stating that the State Bank is fully committed to playing its key role in establishing a robust digital ecosystem.
