He said the system is designed to ensure secure, direct, and transparent transfer of funds to beneficiaries. The Committee observed that the core objective of the digital wallet system is to ensure the direct transmission of payment information and funds to beneficiaries, reducing dependence on intermediaries and curbing exploitation. The Deputy Governor SBP briefed the Committee on operational timelines, stating that at least 10 million accounts would be migrated to the digital wallet platform. The Committee directed BISP to submit a detailed report on outstanding liabilities, bank-wise and period-wise, for review at the next meeting. The Chairman directed the State Bank of Pakistan to strictly adhere to the agreed timelines to ensure the timely and effective rollout of the digital wallet initiative.