PM Imran Khan launches Pakistan’s first Instant Digital Payment System ‘Raast’

Government of PakistanPM Imran Khan launches Pakistan's first Instant Digital Payment System ‘Raast’

ISLAMABAD, Pakistan: Prime Minister Imran Khan on Monday launched Pakistan’s first Instant Digital Payment System “Raast” in Islamabad, taking the Country from cash to digital economy.

“Raast” introduced by the State Bank of Pakistan is part of Prime Minister Imran Khan’s “Digital Pakistan” vision to include poor segments of the society in formal economy.

   

It will also enable secure, efficient, and transparent financial transactions.

While addressing the Launching Ceremony in Islamabad, the prime minister said that the ‘Raast’ initiative will help boost the formal economy, financial inclusion of women, and eradicate poverty from the Country.

The prime minister said that the cash economy is the biggest hurdle in tapping the true potential of the 220 million population of Pakistan. He said that the cash economy badly affect tax collection, which is evident with the fact that only two million out of 220 million people are tax filers while 30,000 of taxpayers make 70 percent of the total tax collection in the Country.

Imran Khan said that the Digital Pakistan is a step forward from a cash economy towards the point where we can take maximum benefit of our 220 million population.

The prime minister also congratulated the State Bank of Pakistan for working on this initiative of ‘Raast’ and bank efforts for engaging Overseas Pakistanis in convincing them to send remittances through formal channels.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Khalid Maqbool calls for tangible steps to develop technology

0
ISLAMABAD, Pakistan: The Federal Minister for Science and Technology Dr. Khalid Maqbool Siddiqui has emphasized transitioning from technology adopter to generator. During discussions with the...

Modi’s India: Foreign Students beaten up at Gujarat University for offering prayer

0
Five foreign students were beaten up for offering prayer – a religious obligation – in Gujarat University in India’s western Ahmedabad City, an evident...

Double discrimination: Pakistani Dalits struggle for dignity in their land of birth

0
Members of Pakistan’s Scheduled Caste communities are making inroads in the country’s political landscape and being honoured at the highest levels. But without affirmative...

AUD to INR: Australian Dollar to Indian Rupee Today – 19 March 2024

0
The Australian Dollar (AUD) was trading at 54.06 as per the Indian Rupee (INR) on Tuesday. Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 19 March 2024

0
The US Dollar (USD) was being bought and sold at Rs 278.8 and Rs 281.4 in the Open Market against the Pakistani Rupee (PKR)...
Advertisement