In a major step towards digital financial inclusion, Pakistan's Ministry of Finance has launched a new scheme through which verified JazzCash users can invest directly in government Treasury Bills (T-Bills) via the JazzCash app. This initiative was announced on June 16 at the JazzCash headquarters in Islamabad and is being launched in collaboration with JazzCash and Mobilink Bank.

Who should invest

For the first time millions of Pakistanis can buy low-risk government-backed investment products without having to visit a bank or brokerage firm. The program aims to attract one million new investors to the country's financial system and make investing accessible to ordinary citizens.

The move is a significant step towards mobilising household savings and supporting Pakistan’s wider digital economy agenda, said Finance Minister Muhammad Aurangzeb.

How much you can earn

T-Bills that mature in three months are currently yielding around 12.5%. This is a good alternative for those seeking a stable and relatively safe investment.

The launch is part of JazzCash’s ongoing efforts to grow its presence in Pakistan’s fintech space. It is one of the country’s largest digital financial services providers with over 60 million registered users on its platform. JazzCash has also made financial inclusion a core mission, especially for Pakistan’s large unbanked population.

By bringing government securities into a mobile wallet, Pakistan is taking another step to democratize investment and allow more citizens to grow their savings with just a few taps on their smartphones.

 
Credit: Independent News Pakistan (INP)