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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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Recently released HIES 2024-25 household integrated economic survey by Pakistan Bureau of Statistics (PBS) raises more questions than it answers. For example, it shows that Pakistani households are buying lower amounts of basic food ingredients like wheat, meat and eggs in the last four years, implying that people are eating less to cover other expenses, like electricity and gas. But it doesn't explain why the households have reported significantly lower purchases of these items than…
ContinuePosted by Riaz Haq on January 6, 2026 at 5:00pm
As we enter the year 2026, it is time to review the year 2025 and wish you all Happy New Year 2026! May it bring peace, prosperity and happiness to all!!
The year 2025 saw Pakistan defeat a brazen Indian attack on its soil, while reviving its economy and…
ContinuePosted by Riaz Haq on December 30, 2025 at 9:30pm — 10 Comments
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