{"id":73360,"date":"2021-01-12T12:49:16","date_gmt":"2021-01-12T07:49:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=73360"},"modified":"2021-01-12T12:49:34","modified_gmt":"2021-01-12T07:49:34","slug":"raast-instant-payment-system-introduced","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/raast-instant-payment-system-introduced.html","title":{"rendered":"\u2018Raast\u2019 instant payment system introduced"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan on Monday launched the \u2018Raast\u2019 payment system; stating that the facility was part of the government\u2019s efforts to create a \u2018Digital Pakistan\u2019 that will aid the country in \u2018moving away from cash economy\u2019, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/roshan-digital-accounts-remittances-cross-usd-200mn.html\" target=\"_blank\" rel=\"noreferrer noopener\">Remittances sent through Roshan Digital Accounts cross USD 200mn: PM Khan<\/a><\/p>\n\n\n\n<p>Addressing the inauguration ceremony, he stated that the government is making efforts to include poor segments of the society in the formal economy. He further expressed the hope that the Raast payment system will help eradicate poverty in Pakistan.<\/p>\n\n\n\n<p>The prime minister emphasized that the cash economy is an obstacle for people and <a href=\"https:\/\/www.zameen.com\/news\/state-bank-introduces-international-payment-system-local-companies-freelancers.html\" target=\"_blank\" rel=\"noreferrer noopener\">digitized payments<\/a> will help Pakistan on its road towards prosperity; adding that the said utility will help the government collect more taxes when formal transaction channels are properly utilized. He went on to stress that the country has been unable to invest in infrastructure, human development and other sectors due to lack of financial resources \u2013 brought on by poor revenue collection.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/current-account-surplus-for-5th-consecutive-month-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reports current account surplus for the fifth consecutive month in FY 20<\/a><\/p>\n\n\n\n<p>According to reports, Raast is the first national instant payment system designed to facilitate end-to-end digital payments among individuals, businesses and government entities within seconds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan on Monday launched the \u2018Raast\u2019 payment system; stating that the facility was part of the government\u2019s efforts to create a \u2018Digital Pakistan\u2019 that will aid the country in \u2018moving away from cash economy\u2019, according to news sources. Read: Remittances sent through Roshan Digital Accounts cross USD 200mn: PM Khan Addressing the inauguration ceremony, he stated that the government is making efforts to include poor segments of the society in the formal economy. He further expressed the hope that the Raast payment system will help eradicate poverty in Pakistan. The prime minister emphasized that the cash economy is an obstacle for people and digitized payments will help Pakistan on its road towards prosperity; adding that the said utility will help the government collect more taxes when formal transaction channels are properly utilized. He went on to stress that the country has been unable to invest in infrastructure, human development and other sectors due to lack of financial resources \u2013 brought on by poor revenue collection. Read: SBP reports current account surplus for the fifth consecutive month in FY 20 According to reports, Raast is the first national instant payment system designed to facilitate end-to-end digital&hellip;<\/p>\n","protected":false},"author":75,"featured_media":73363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[44907,21853],"persona":[],"class_list":{"0":"post-73360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-raast-instant-payment-system-introduced","10":"tag-state-bank-of-pakistan-sbp","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Raast\u2019 instant payment system introduced - Zameen News<\/title>\n<meta name=\"description\" content=\"The prime minister emphasized that the cash economy is an obstacle for people and digitized payments will help Pakistan on its road towards prosperity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/raast-instant-payment-system-introduced.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Raast\u2019 instant payment system introduced - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The prime minister emphasized that the cash economy is an obstacle for people and digitized payments will help Pakistan on its road towards prosperity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/raast-instant-payment-system-introduced.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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