23 January 2021
  • 4:32 pm We’ve left originality far behind, believes folk singer Arif Lohar
  • 4:02 pm Watch SAMAA TV Headlines 3pm Pakistan – 23 January 2021
  • 3:47 pm NUML students take to the streets again, demand online exams
  • 3:47 pm Amitabh Bachchan slammed over ‘sexist’ remark on IMF chief economist
  • 3:47 pm Pak Suzuki fails to deliver Cultus, Swift over supply issues
Choose Language
 Edit Translation
Spread the News

The State Bank recently launched Raast, an instant digital payment system, in Islamabad. Raast is part of prime minister’s vision to include poorer segments of the society into the formal economy. State Bank Director Payment System Sohail Jawad said that the system will also enable secure, efficient, and transparent financial transactions. It will enable end-to-end digital payments among individuals, businesses, and government entities instantaneously. Under the Raast digital payments initiative, instant credit of dividends from listed companies to shareholders will be initiated. In the next phase, the payment system would digitise the pensions and wages made to the government employees. Moreover, digital payments between people would also be made easier.

Abdul Gh Lone