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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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After installing over 50 GW of solar panels as of early 2026, Pakistanis are now adding batteries at a rapid pace. The country has imported nearly 7.6 GWh of batteries, with nearly 60% of that total arriving during 2025 alone. Pakistanis are now installing batteries at a rate exceeding 5 GWh annually, according to a recent report by Renewable First. Batteries enable consumers to store excess solar electricity generated during daylight hours for use at night and to…
ContinuePosted by Riaz Haq on August 12, 2026 at 5:30pm
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…
ContinuePosted by Riaz Haq on August 8, 2026 at 12:00pm — 5 Comments
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