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Pakistan's central bankers have taken the plunge into the world of digital payments with their own offering: Raast. It aims to create an instant low-cost payment system that can seamlessly and securely connect government entities, a variety of banks, including microfinance banks (MFBs), electronic money institutions (EMIs) and State Bank authorized payment service providers (PSPs) like 1Link and NIFT which may choose to take advantage of it. Currency and coins in circulation account for…
ContinueAdded by Riaz Haq on January 23, 2021 at 1:30pm — 59 Comments
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Pakistan has historically enjoyed close friendly ties with Saudi Arabia and Turkey. So why did the three nations feel the need to formalize these ties with a mutual defense agreement in Mecca this week? Many answers to this question can all be traced to a fundamental change in the security environment in the Middle East. Foremost among these changes is the extremely reckless behavior of the state of Israel which has had full political, military, economic and diplomatic backing of the…
ContinuePakistan has long sought to balance its foreign policy between China and the United States through a pragmatic hedging strategy, gaining economic, military, and diplomatic benefits from both superpowers while maintaining strategic autonomy. But the relationship between Pakistan and China is not the same as the one between Pakistan and the United States. Pakistan's ties with China are strategic while those with the United States remain tactical and transactional. What…
ContinuePosted by Riaz Haq on August 1, 2026 at 1:00pm — 5 Comments
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