Trends - Raast - Business Recorder

Raast

University of Balochistan: MMBL establishes financial literacy camp

ISLAMABAD: The Mobilink Microfinance Bank Ltd (MMBL), Pakistan’s largest digital bank, set up a financial literacy...

Published 02 Jun, 2022 06:19am

Business & Finance

National Savings integrates with SBP’s Raast

Customers of CDNS can receive their payments directly into their bank accounts without going to branches, says central bank

Published 23 May, 2022 03:42pm

Business & Finance

Over 10mn customers sign up for SBP’s Raast payment service

The aggregate value of P2P transactions on Raast has crossed Rs36 billion

Published 16 May, 2022 05:59pm

Business & Finance

JazzCash aims to expand its user base to 100m in five years: CEO

ISLAMABAD: JazzCash has been playing a pivotal role in supporting Pakistan’s financial inclusion ambitions and ...

Updated 13 May, 2022 10:06am

Technology

Careem Pay gets SBP’s In-Principle Approval for EMI licence

Careem says fintech affiliate plans to invest $50mn to leapfrog the fintech ecosystem in Pakistan

Published 30 Mar, 2022 03:55pm

‘Roshan Equity’, ‘RAAST’ well executed by banks, CDC: SBP governor

KARACHI: State Bank Governor Dr Reza Baqir Tuesday visited CDC House to mark the successful operationalisation of...

Updated 30 Mar, 2022 10:22am

Business & Finance

SBP removes transactional limits for Raast app payments

The latest measure to facilitate Raast users will come into effect from April 1

Updated 16 Mar, 2022 02:53pm

Business & Finance

Raast Person-to-Person: PM believes SBP's latest initiative to enhance formal economy

Says launch will facilitate people in availing banking services

Updated 15 Feb, 2022 06:03pm

SBP introduces Raast instant payment system

KARACHI: The State Bank of Pakistan (SBP) has announced to implement Pakistan’s Instant Payment System “Raast”...

Updated 04 Feb, 2022 09:32am

Editorials

SBP: 'It is not enough that we do our best...'

EDITORIAL: The State Bank of Pakistan (SBP) has recently released its annual performance review of 2020-21. The...

Updated 08 Nov, 2021 09:44am

Business & Finance

More fintech companies in the offing: Dr Reza Baqir

SBP governor says licences to come in tandem with Pakistan's push to adopt digital payments and promote financial inclusion

Published 22 Oct, 2021 08:23pm

Editorials

A carrot-and-stick approach to challenge

EDITORIAL: The government’s and State Bank of Pakistan’s (SBP’s) efforts to digitize money transactions to...

Published 24 Sep, 2021 04:40am

Business & Finance

SBP announces digital cheques clearing, unified QR code for payments initiatives

Steps aimed at increasing usage of digital financial products and services, says central bank

Published 04 Aug, 2021 12:29pm

Opinion

RAAST: the digital pathway towards financial inclusion

The start of year 2021 has witnessed a much awaited rebound by various global economies but the pandemic has...

Published 15 Jul, 2021 04:03am

Editorials

Digital gains must not be squandered away

EDITORIAL: Last Friday and Monday, the government felt compelled to arrest the unrest in the country by shutting ...

Published 23 Apr, 2021 05:12am

Business & Finance

SBP, CGAP ink MoU on digitizing govt payments via Raast

KARACHI: The State Bank of Pakistan (SBP) and the Controller General of Accounts Pakistan (CGAP) Monday signed a...

Published 30 Mar, 2021 05:45am

Pakistan

SBP, CGA sign MoU for digitizing govt payments through Raast

After the pilot run, the facility will be rolled out to cover all the salaries, pension as well as supplier payments of the federal and provincial governments.

Published 29 Mar, 2021 05:50pm

Business & Finance

SBP signs MoU for Digitizing Federal Government Payments through Raast

As per details, the payroll and pension-roll data will be shared from CGA system to SBP’s Raast through a highly secured interface, and payments to the beneficiaries’ accounts will be made instantly after validating the beneficiaries’ detail.

Published 29 Mar, 2021 01:06pm

Opinion

Benefits of digitizing documents

The puzzle of documentation is not getting solved. The cash (or more broadly the informal) economy is growing ...

Published 07 Feb, 2021 04:07am

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

Perspectives

What is Raast? An Explainer

Lately there has been a lot of chatter regarding launch of a payment interface by the Central Bank, which has aptly been branded as ‘Raast’, and is being heralded as the ultimate solution to all payment related problems.
If built, and leveraged well, ‘Raast’ can truly catalyse a paradigm shift regarding how transactions are executed in the country, enabling hefty economic dividends in the process.

Updated 13 Jan, 2021 11:40am

BR Research

‘Raast’ – the right step

With the launch of Raast, banking in Pakistan is entering into the 21st century. The technology platform is being...

Updated 13 Jan, 2021 11:15am

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

Gainers
Losers
Leaders

Stock	Price
Tri-Star Mutual / Aug 10 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ 0.85 (21.25%)
Trust Mod. / Aug 10 Trust Modaraba(TRSM)	1.94 ▲ 0.33 (20.50%)
Pak Gulf Leasing / Aug 10 Pak-Gulf Leasing Company Limited(PGLC)	6.11 ▲ 1.00 (19.57%)
First Tri-Star Mod. / Aug 10 First Tri-Star Modaraba(FTSM)	7.70 ▲ 0.95 (14.07%)
Premier Insurance / Aug 10 Premier Insurance Limited(PINL)	7.70 ▲ 0.67 (9.53%)
Reliance Ins. / Aug 10 Reliance Insurance Company Limited(RICL)	6.69 ▲ 0.54 (8.78%)
Sanghar Sugar / Aug 10 Sanghar Sugar Mills Limited(SANSM)	13.95 ▲ 0.99 (7.64%)
Unicap Modaraba / Aug 10 Unicap Modaraba(UCAPM)	1.57 ▲ 0.11 (7.53%)
Cyan Limited / Aug 10 Cyan Limited(CYAN)	31.11 ▲ 2.17 (7.50%)
Dadex Eternit / Aug 10 Dadex Eternit Limited(DADX)	102.11 ▲ 7.12 (7.50%)

Stock	Price
Masood Textile / Aug 10 Masood Textile Mills Limited(MSOT)	47.18 ▲ -3.82 (-7.49%)
Sindh Abadgar / Aug 10 Sindh Abadgar's Sugar Mills Limited(SASML)	14.47 ▲ -1.17 (-7.48%)
Pakistan Services / Aug 10 Pakistan Services Limited(PSEL)	1425.00 ▲ -115.00 (-7.47%)
Sapphire Textile / Aug 10 Sapphire Textile Mills Limited(SAPT)	944.00 ▲ -76.01 (-7.45%)
Bawany Air Products / Aug 10 Bawany Air Products Limited(BAPL)	9.15 ▲ -0.70 (-7.11%)
AKD Securities / Aug 10 AKD Securities Limited(AKDSL)	34.51 ▲ -2.49 (-6.73%)
Crescent Cotton / Aug 10 Crescent Cotton Mills Limited(CCM)	41.32 ▲ -2.98 (-6.73%)
Kohinoor Mills / Aug 10 Kohinoor Mills Limited(KML)	30.95 ▲ -2.22 (-6.69%)
Leather Up Ltd. / Aug 10 Leather Up Limited(LEUL)	14.75 ▲ -1.02 (-6.47%)
John&Philips / Aug 10 Johnson & Phillips (Pakistan) Limited(JOPP)	37.25 ▲ -2.45 (-6.17%)

Stock	Volume
Cnergyico PK / Aug 10 Cnergyico PK Limited(CNERGY)	33,572,220 ▼ 0.00
Pak Refinery / Aug 10 Pakistan Refinery Limited(PRL)	27,508,359 ▼ 0.00
TPL Properties / Aug 10 TPL Properties Limited(TPLP)	24,213,203 ▼ 0.00
Lotte Chemical / Aug 10 Lotte Chemical Pakistan Limited(LOTCHEM)	17,877,671 ▼ 0.00
WorldCall Telecom / Aug 10 Worldcall Telecom Limited(WTL)	15,743,000 ▼ 0.00
Unity Foods Ltd / Aug 10 Unity Foods Limited(UNITY)	13,451,817 ▼ 0.00
Telecard Limited / Aug 10 Telecard Limited(TELE)	12,649,500 ▼ 0.00
TRG Pak Ltd / Aug 10 TRG Pakistan Limited(TRG)	12,528,362 ▼ 0.00
Sui North Gas / Aug 10 Sui Northern Gas Pipelines Limited(SNGP)	12,151,366 ▼ 0.00
Sui South Gas / Aug 10 Sui Southern Gas Company Limited(SSGC)	10,991,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	225.00
USD PKR Interbank Buying / Aug 5	224.00
USD to Japanese Yen / Aug 8	134.97
USD to Swiss Franc / Aug 8	0.96
Pound Sterling to USD / Aug 8	1.21
Euro to USD / Aug 8	1.02
UK LIBOR % / Aug 5	2.31

Stock	Volume
S&P 500 / Aug 8	4140.12
India Sensex / Aug 8	58853.07
Tokyo Nikkei / Aug 8	28249.24
Nasdaq / Aug 8	12644.46
Hang Seng / Aug 8	20045.77
FTSE 100 / Aug 8	7482.37
Dow Jones / Aug 8	32832.54
Germany DAX 30 / Aug 8	13687.69
France CAC40 / Aug 8	6524.44

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 5	17735.00
Gold 10 Grams PKR / Aug 5	128800.00
Crude Oil USD/Barrel / Aug 8	90.76
Gold Spot USD/Ounce / Aug 8	1788.94
Cotton US¢/pound / Aug 8	95.59

Raast

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