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SBP

Remittances from Overseas Pakistan projected to hit $28bn this year

Remittances from Overseas Pakistan projected to hit $28bn this year

  • “Interestingly, the government’s full year target is $21 billion while the central bank expects remittance inflows ranging between $24 billion to $26 billion. The current run rate indicates that inflows may hit $28.4 billion,” said Aslam.
Published 18 Jan, 2021 10:38am
Raast: Rolling the dice
Opinion

Raast: Rolling the dice

Raast clearly has the potential to revolutionize banking in Pakistan. It is a backend plumbing that would allow...
Published 17 Jan, 2021 04:13am
Covid-19 impact
Editorials

Covid-19 impact

EDITORIAL: A special report by the Pakistan Bureau of Statistics (PBS), which gives a data driven evaluation of the...
Updated 17 Jan, 2021 04:59am
PM launches Pakistan's first instant Digital Payment System 'Raast'
Business & Finance

PM launches Pakistan's first instant Digital Payment System 'Raast'

  • Use of cash promotes informal economy and helps illegal activities, on the other hand by using the Raast one is doing the right thing by transacting using formal digital Financial Service and contributing to Pakistan's economy.
  • SBP along with Karandaaz Pakistan has developed this new system for processing instant payments.
  • The Prime Minister in his address said a cash-based economy is the biggest hurdle in tapping the true potential of Pakistan.
Updated 11 Jan, 2021 06:17pm