Pakistan launches new instant digital payment system
(WorldNews Pakistan)

Islamabad: Pakistan Prime Minister Imran Khan has launched the country`s first government-run instant digital payment system aimed at boosting the country`s formal economy. Imran Khan termed the new payment system a “big step” towards realising Pakistan`s full potential and the cash economy as the “biggest obstacle” for the country to tap the true potential of the country`s 220 million population. The premier hoped that the new system will help improve digitalisation and resolve inefficiencies in the banking system. What is Raast? The payment system called “Raast” (or direct way) is an initiative of the State Bank of Pakistan...