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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 — 58 Comments
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Ruling politicians in New Delhi continue to hype their country's economic growth even as the Indian currency hits new lows against the US dollar, corporate profits fall, electrical power demand slows, domestic savings and investment rates decline and foreign capital flees Indian markets. The International Monetary Fund (IMF) has questioned India's GDP and independent economists…
ContinuePosted by Riaz Haq on January 25, 2026 at 4:30pm — 1 Comment
The US State Department has suspended processing of immigrant visas from 75 countries, including Pakistan but not India. This action followed President Donald Trump's social media post that listed, without context, the percentage of immigrant households from these countries that rely on the US government financial assistance. While Mr. Trump’s post singled out immigrants,…
ContinuePosted by Riaz Haq on January 17, 2026 at 5:30pm
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