Pakistan

In a first, PM Imran Khan launches fast digital transactions system Raast

ISLAMABAD: Prime Minister Imran Khan on Tuesday launched the country’s first instant person to person payment system ‘Raast’ for low-cost digital retail payments and money transfers.

“Raast programme will facilitate the working class of Pakistan in making transactions through cell phones, and will help improve saving rates,” PM Imran Khan said while addressing the inauguration ceremony in Islamabad.

Governor State Bank of Pakistan Reza Baqir and Federal Minister for Finance Shaukat Tarin also attended the ceremony.

The premier, while highlighting the benefits of the technology, said that it is a way to improve saving rates and tax to GDP ratio in order to lead the country towards progress.

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