ISLAMABAD: E-banking transactions grew by 12 percent in volume and 16 percent in value in the first quarter of Fiscal Year 2021-22, the Pakistani central bank said on Monday, as the country’s payment ecosystem continued to grow at a fast pace.
These transactions were conducted via electronic channels, including real-time online branches, ATMs, mobile banking, Internet banking, call center banking, Point of Sale (PoS) and e-commerce.
Two major areas where high adoption in digital payments was witnessed were mobile and Internet banking, the State Bank of Pakistan (SBP) said in its first quarterly report of payment systems, covering the period July 2021 till September 2021.
“The number of mobile banking users grew by 4 percent on quarter over quarter (QoQ) basis, reaching a total of 11.3 million. The number of transactions conducted via mobile banking channels was 79.1 million with a value of around PKR 2.2 trillion, showing a QoQ growth of 29 percent by volume and 36 percent by value,” the SBP report read.
“Internet banking also contributed to the upswing in usage of e-Banking services by registering 31 percent QoQ growth in Internet banking users who conducted 30 million transactions amounting to PKR 1.9 trillion. This amounts to 6 percent progress in terms of volume and 10 percent increase in the value of these transactions on QoQ basis.”
The retail banking sector continued to show adoption of digital payments, while overall e-commerce transactions recorded an impressive QoQ growth of 87 percent by volume and 21 percent by value, though the number of e-commerce merchants remained almost the same as of the last quarter, according to the report.
During the quarter, 12.7 million e-commerce-related transactions amounting to Rs22.3 billion were conducted using digital payment channels. Similarly, the number of merchant POS machines increased by 10 percent QoQ, reaching to 79,134 in the country. These machines processed 28.1 million card-based transactions at merchant locations, amounting to almost Rs134.9 billion, which showed QoQ increase of 16.1 percent by volume and 10.6 percent by value.
As of end-September 2021, the report said, there were 46.2 million total cards in circulation, which mainly comprised debit cards (64 percent), social welfare cards (22 percent), ATM-only cards (10 percent), credit cards (4 percent) and prepaid cards (0.3 percent).
Paper-based transactions recorded an increase of 5 percent in volume and 3 percent in value, which may be attributed to people returning to bank branches as pandemic-related restrictions were eased.
In large-value or wholesale payment segment, transactions processed through the Pakistan Real-Time Interbank Settlement Mechanism (PRISM) recorded a total of 1.1 million transactions amounting to Rs159.1 trillion, which was 7 percent higher than the preceding quarter.
Pakistan e-banking transactions grew by 12 percent in first quarter of FY2022 — central bank
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Pakistan e-banking transactions grew by 12 percent in first quarter of FY2022 — central bank

- Number of mobile banking users grew by 4 percent, e-banking usage rose by 31 percent
- Overall e-commerce transactions recorded an impressive QoQ growth of 87 percent by volume
VISA to triple Pakistan office size, partner with 1-Link, PayPak — finance minister

- Muhammad Aurangzeb hails company’s role in advancing digital payments and financial inclusion
- The finance minister also assures the US financial services company of the government’s full support
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday US financial services company Visa will triple the size of its office in Pakistan and collaborate with the country’s first-ever domestic payment card scheme, 1Link and PayPak.
Visa Inc. is a global payments technology company that operates one of the world’s largest electronic payment networks, enabling consumers and businesses to make payments using Visa-branded credit, debit and prepaid cards.
Visa doesn’t issue cards itself but partners with banks and financial institutions to do so. 1Link and PayPak is similar in concept to Visa or Mastercard but is designed specifically for local use within Pakistan.
The Pakistani minister, currently in Washington, appreciated Visa’s role in the digitalization of his country’s economy during a meeting with the company’s regional vice president, Andrew Torre.
“He [Aurangzeb] noted that Visa’s decision to triple the size of its office in Pakistan and its collaboration with 1Link and PayPak would contribute significantly to promoting financial inclusion, e-commerce, transaction security, and payment gateways in Pakistan, as well as facilitate remittances,” the finance ministry said in a statement issued after the meeting.
It added the finance minister also assured the company of the government’s full support in resolving any issues faced by them.
Aurangzeb’s meeting with Torre came as the country works toward a more inclusive and digitally empowered economy, with government backing and private sector innovation aligned.
Pakistan Senate rejects Indian attempt to link it to Kashmir tourist attack

- Deputy PM Ishaq Dar says India must be held accountable for its acts of ‘terrorism’ in Pakistan
- He also reaffirms Pakistan’s ‘moral, political and diplomatic’ support to the people of Kashmir
ISLAMABAD: Pakistan’s Senate on Friday unanimously passed a resolution condemning what it called India’s “frivolous and baseless” attempts to link Islamabad to a deadly shooting in the disputed Himalayan region of Kashmir, rejecting the allegation and accusing New Delhi of using “terrorism” as a political tool.
India has blamed Pakistan for the attack in the scenic town of Pahalgam in Kashmir’s Anantnag district, where gunmen killed 26 civilians on Tuesday in the deadliest assault on non-combatants in nearly two decades.
Pakistan has denied any involvement in the incident, with Deputy Prime Minister Ishaq Dar reading out the resolution in the upper house of parliament that was later adopted by all the lawmakers.
“The Senate of Pakistan condemns terrorism in all its forms and manifestation, emphasizes that killing of innocent civilians is contrary to the values upheld by Pakistan [and] rejects all frivolous and baseless attempts to link Pakistan with the Pahalgam attack of 22nd April 2025 in Indian Illegally Occupied Jammu and Kashmir,” he said.
The resolution denounced India’s suspension of the decades-old Indus Waters Treaty and reaffirmed Pakistan’s support for the Kashmiri people’s right to self-determination.
It also accused India of waging a “mala fide campaign” to malign Pakistan.
“The country’s sovereignty, security and interests demand that India should be held accountable for its involvement in different acts of terrorism and targeted assassinations on the soil of other countries, including Pakistan,” Dar continued.
He also reaffirmed Pakistan’s “unwavering moral, political and diplomatic support for and commitment to the Kashmiri people’s just struggle for realization of their inalienable right to self determination.”
Detained Pakistan rights activist Dr. Mahrang Baloch launches hunger strike

- Baloch, 32, was arrested last month on charges of terrorism, sedition and murder
- Dozen UN experts called on Pakistan in March to immediately release Baloch rights defenders
QUETTA: Detained activist Dr. Mahrang Baloch, one of the leading campaigners for Pakistan’s Baloch minority, has launched a hunger strike along with other detainees, her sister told AFP on Friday.
Mahrang Baloch, 32, was arrested last month on charges of terrorism, sedition and murder.
In her native Balochistan, an impoverished province that borders Afghanistan and Iran, security forces are battling a growing insurgency.
Rights groups say the violence has been countered with a severe crackdown that has swept up innocent people. Authorities deny heavyhandedness.
Mahrang’s hunger strike “is aimed at denouncing the misconduct of the police and the failure of the justice system to protect... prisoners,” her younger sister, Nadia Baloch, said.
Nadia said the hunger strike was launched on Thursday after the attempted “abduction” of one of the Baloch detainees.
Mahrang’s organization, the Baloch Yakjehti Committee (BYC), said the inmate was beaten by security officials and taken from the prison to an unknown location.
A security official said the detainee was moved to another prison and denied any mistreatment.
BYC said four other detained Baloch activists have joined the hunger strike.
“All of them are peaceful political workers, imprisoned for raising their voices... Their only ‘crime’ is organizing peacefully in an environment saturated with state terror and violence,” the group said.
Activists say in the crackdown against militancy in the region authorities have harassed and carried out extrajudicial killings of Baloch civilians.
Pakistani authorities reject the “baseless allegations.”
A dozen UN experts called on Pakistan in March to immediately release Baloch rights defenders, including Mahrang, and to end the repression of their peaceful protests.
UN special rapporteur for human rights defenders Mary Lawlor said she was “disturbed by reports of further mistreatment in prison.”
The judiciary has declined to rule on Mahrang’s detention, effectively halting any appeal and placing the matter solely in the hands of the provincial government.
Insurgents in Balochistan accuse outsiders of plundering the province’s rich natural resources and launched a dramatic train siege in March, during which officials said about 60 people were killed.
Pakistan joins Muslim world in sending condolences ahead of Pope’s funeral on Saturday

- Over 128,000 people have already paid last respects to Francis, whose coffin will be closed at 1800 GMT in ceremony attended by senior cardinals
- Francis will be interred in the ground, his simple tomb marked with just one word: Franciscus, people will be able to visit the tomb from Sunday morning
ISLAMABAD: Pakistan joined the Muslim world in sending condolences as the Vatican made final preparations Friday for Pope Francis’s funeral and the last of the huge crowds of mourners filed through St. Peter’s Basilica to view his open coffin.
Over 128,000 people have already paid their last respects to Francis, whose coffin will be closed at 8:00pm (1800 GMT) in a ceremony attended by senior cardinals.
Many of the 50 heads of state and 10 monarchs attending Saturday’s ceremony in St. Peter’s Square, including US President Donald Trump and Ukrainian leader Volodymyr Zelensky, are expected to arrive later Friday in Rome.
“Pakistan conveys its heartfelt condolences on the passing of His Holiness, Pope Francis, a revered spiritual figure and a worldwide advocate for peace, interfaith dialogue and compassion,” the foreign office said.
“His Holiness demonstrated unwavering commitment to fostering unity among world religions, advocating for the oppressed and promoting the inherent dignity of all humankind. Pakistan deeply values his tireless efforts to enhance mutual respect and understanding among diverse cultures and faiths.”
The foreign office said the pope’s legacy was marked by “profound humility, selfless service and a unifying vision for humanity,” which would serve as an inspiration for generations to come.
“At this moment of profound sorrow, Pakistan stands in solidarity with our Catholic brothers and sisters worldwide and with all those touched by the extraordinary life of service.”
Italian and Vatican authorities have placed the area around St. Peter’s under tight security with drones blocked, snipers on roofs and fighter jets on standby. Further checkpoints will be activated on Friday night, police said.
Vast crowds of people on Friday morning packed Via della Conciliazione, the wide avenue leading to the Vatican, for the third and final day of the pope’s lying-in-state.
For a second night in a row, the Vatican kept St. Peter’s open past the scheduled hours to accommodate the queues, only closing the doors between 2:30am (0030 GMT) and 5:40am Friday.
Cardinal Kevin Farrell, Camerlengo of the Holy Roman Church, will preside at the Rite of Sealing of the Coffin of the late Pope Francis on Friday, April 25, at 8:00 PM, ahead of the papal funeral on Saturday morning.
The Catholic Church’s first Latin American pope died on Monday aged 88, less than a month after spending weeks in hospital with severe pneumonia.
The Argentine pontiff, who had long suffered failing health, defied doctors’ orders by appearing at Easter, the most important moment in the Catholic calendar.
It was his last public appearance.
Condolences have flooded in from around the world for the Jesuit, an energetic reformer who championed those on the fringes of society in his 12 years as head of the world’s 1.4 billion Catholics.
He used his last speech to rail against those who stir up “contempt... toward the vulnerable, the marginalized, and migrants.”
After the funeral, Francis’s coffin will be driven at a walking pace to be buried at his favorite church, Rome’s papal basilica of Santa Maria Maggiore.
The hearse will pass down Rome’s Fori Imperiali – where the city’s ancient temples lie – and past the Colosseum, according to officials.
Big screens will be set up along the route on which to watch the ceremony, Interior Minister Matteo Piantedosi said.
Francis will be interred in the ground, his simple tomb marked with just one word: Franciscus.
People will be able to visit the tomb from Sunday morning, as all eyes turn to the process of choosing Francis’s successor.
With inputs from AP
Families heartbroken as Pakistan closes airspace for Indian planes, land border shut

- Militant attack in Indian-administered Kashmir has triggered diplomatic crisis between Islamabad and New Delhi
- Diplomatic relations between Pakistan and India were weak even before the latest measures were announced
KARACHI: A 79-year-old Pakistani man, Ali Hasan Baqai, lamented about not being able to meet his siblings living in India as he sat with his wife and grandchildren at his house in Pakistan’s Karachi, hours after Pakistan closed its air space for Indian airlines on Thursday.
The move came in retaliation to a raft of actions by India after a deadly militant attack on tourists in Indian-administered Kashmir that New Delhi says Pakistan is involved in. Pakistani officials have rejected the accusations.
The latest diplomatic crisis was triggered by the killing of 26 men at a popular tourist destination in Indian-administered Kashmir on Tuesday, in the worst attack on civilians since the 2008 Mumbai shootings. The tit-for-tat announcements took relations between the nuclear-armed neighbors, who have fought three wars, to the lowest level in years.
Whenever relations deteriorate between Pakistan and India, elderly Baqai is besieged with a feeling of longing for his siblings and his birthplace on the other side of the border with India.
“I was planning to visit India. My sisters there were also planning to travel to Pakistan. But all of a sudden this attack happened. We could not even think of it. The situation was absolutely normal but suddenly the situation turned bad,” Baqai told Reuters Television.
Ali was born in 1946 in Delhi, India, a year before the partition of the subcontinent in 1947. He was last able to visit Delhi in 2014. Two of his sisters, along with his mother, passed away in the subsequent years. His three brothers died in India last year.
“If we don’t get a chance and the borders are closed for a long time, the only way left is we go to Dubai and meet each other there,” he said.
“You can’t meet your relatives. We can neither go there, nor can they come. It has become a mockery now. There is no hope left.”