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Topic

Dr. Reza Baqir

Asaan Mobile Account unveiled

Asaan Mobile Account unveiled

Updated 14 Dec, 2021 10:08am
KARACHI: The State bank of Pakistan (SBP) Monday launched the Asaan Mobile Account (AMA) aimed at promoting digital...
SBP hopes to boost investment in Pakistan: Raza Baqir

SBP hopes to boost investment in Pakistan: Raza Baqir

Published 01 May, 2021 10:34am
  • As the third wave continues to disrupt economies worldwide, Pakistan’s economy has a lot going on in its favour this time, according to the Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP) in an online session with Nest I/O.
  • Dr. Raza Baqir explained how the country’s demographic profile, growing mobile penetration rate, and positive economic indicators, especially during the COVID-19 pandemic, have contributed to an increase in investments.
PM launches Pakistan's first instant Digital Payment System 'Raast'

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

Updated 11 Jan, 2021 06:17pm
  • 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.
SBP to launch world class ‘Raast’ payment system next week: Kamil

SBP to launch world class ‘Raast’ payment system next week: Kamil

Updated 11 Jan, 2021 03:29pm
  • “From Monday onwards, the central bank will initiate a new payment system called ‘Rast’, as we believe this a right way forward for the country,” said Kamil.
  • Kamil informed that the upcoming payment system has been implemented in advanced countries i.e. UK and Australia.
SBP keeps policy rate unchanged at 7pc

SBP keeps policy rate unchanged at 7pc

Published 21 Sep, 2020 05:44pm
  • “The State Bank of Pakistan’s MonetaryPolicy Committee met today under the chairmanship of Governor #SBP Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent,”
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