Lahore, Pakistan - November 08, 2024 - A recent report by the World Economic Forum (WEF) highlights the transformative impact of digital identity in Pakistan. The report credits the National Database and Registration Authority (NADRA) for issuing Computerized National Identity Cards (CNICs) to over 240 million citizens, making them an essential part of daily life.

CNICs: Unlocking Everyday Transactions

These digital IDs streamline various tasks for Pakistani adults, including:

• Banking transactions
• Purchasing airline tickets
• Obtaining driver's licenses
• Accessing social services

Financial Inclusion for All

The WEF report commends NADRA's contribution to financial inclusion through initiatives like the Benazir Income Support Programme (BISP) and the Asaan Mobile Account (AMA) scheme. BISP's focus on CNIC issuance led to a significant 72% increase, and the AMA scheme secured over 10 million mobile accounts within two years, with 40% being owned by women.

Building a Robust Digital Infrastructure

The report emphasizes Pakistan's commitment to digital public infrastructure (DPI) initiatives. These projects aim to empower citizens, particularly in underserved areas, by promoting:

• Financial Inclusion: Digital identity and fast digital payment systems are key.
• Data Sharing: Secure data exchanges between public and private entities are crucial for efficient services.

Strong Governance for Safe Deployment

The WEF report highlights the importance of political commitment and robust legal frameworks to ensure safe and responsible deployment of DPI initiatives. This ensures citizens' privacy and data security remain protected.

Looking Ahead: Blockchain and Beyond

The report mentions key DPI projects on the horizon, including:

• Expansion of the RAAST payment system
• Nationwide digital health records system
• A blockchain-based land registry

These ambitious projects aim to further enhance efficiency and transparency in various sectors. The potential economic benefits are significant, with estimates suggesting widespread digital payments could boost Pakistan's GDP by up to 7%.

Financial Equality for Women

The report acknowledges the important role of the UN-based Better Than Cash Alliance and the World Bank in promoting responsible digital payments. Their focus on women having accounts in their own names plays a crucial role in driving financial equality and inclusion for all Pakistanis.

Ecomnews.pk commends the progress Pakistan has made in digital identity and DPI initiatives. We look forward to following the continued development and positive impact these advancements bring to the nation.

in promoting responsible digital payments. Their focus on women having accounts in their own names plays a crucial role in driving financial equality and inclusion for all Pakistanis.

Ecomnews.pk commends the progress Pakistan has made in digital identity and DPI initiatives. We look forward to following the continued development and positive impact these advancements bring to the nation.