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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 — 52 Comments
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American billionaire and President-Elect Donald Trump's confidante Elon Musk's recent tweets have revived the allegations by the far right that the British Pakistani gangs are mainly responsible for sex crimes against children in the United Kingdom. Earlier, these claims were repeated by former British Home Secretary Suella Braverman when she said in a television interview that child grooming gangs…
ContinuePosted by Riaz Haq on January 10, 2025 at 4:30pm — 4 Comments
Pakistan's KSE-100 index soared 86% in 2024, making it the second best among major indexes, according to Bloomberg News. The 2024 performance of KSE-100 represents its best year since 2002 when it shot up 112%. The top 3 performing stock markets in 2024 were Argentina (114%), Pakistan (88%) and…
ContinuePosted by Riaz Haq on January 3, 2025 at 5:00pm — 5 Comments
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