The State Bank of Pakistan (SBP) is temporarily increasing digital payment limits for cattle markets to facilitate secure transactions for the sale of sacrificial animals. This government-led initiative aims to reduce reliance on cash transactions by promoting digital payment channels as a safer and more convenient alternative.
By enhancing the transaction and balance limits for various account types, including branchless banking and merchant accounts, the government is supporting the transition to digital payments. This measure is part of a broader strategy to encourage digital financial solutions and improve transaction security for the Eid-ul-Azha period.
