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

Gold Price in Pakistan Today – 16 September 2023

Gold Price in Pakistan Today – 23 September 2023

0
On Saturday (September 23, 2023), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 215,500.000.It's important to note that gold...
Choosing the right material for nightwear

Fabric 101: Choosing the Right Material for Nightwear in Pakistan

0
Are you interested in choosing a suitable material for your nightwear? This guide will let you select the right fabric. IntroductionEven if you get the...
Nightwear trends 2023

Nightwear Trends 2023 – What’s Hot in Pakistan?

0
If you are here to learn about the nightwear trends of 2023 in Pakistan, you are in the right spot. Here, you will learn...
Changan CS55 Plus Facelift Price

Changan CS55 Plus Facelift Is Here!

0
Changan has gained global popularity in recent years. With feature-loaded vehicles launched across the globe, the company has reached a new level in the...
how to take care of your nightwear

How to Take Care of Your Nightwear Cloths in Pakistan

0
If you are wondering why your nightwear does not last longer, you are not taking care of it properly. Here is how to take...
Advertisement