Faisalabad Electric Supply Company launches instant electricity bill payments using Raast gateway
FESCO integrates Raast payment gateway to allow consumers in Pakistan to pay electricity bills and demand notices instantly via QR codes.
Finance Minister Launches InvestPak Portal to Democratize Government Securities Investment
Federal Finance Minister Muhammad Aurangzeb and SBP Governor Jameel Ahmed launch the InvestPak portal to digitize and expand access to government securities.
RAAST Transactions Surge to 50 Trillion Rupees as Pakistan Digital Payment Adoption Accelerates
SBP Financial Stability Review 2025 reveals RAAST processed 2 billion transactions while Roshan Digital Account inflows surpassed 11 billion dollars.
Meezan Bank Reports Record Monthly Card Spending of Rs45 Billion as Digital Payments Surge in Pakistan
Pakistan experiences a significant shift toward a cashless economy with Meezan Bank recording a milestone Rs45 billion in monthly card spending amid rising digital adoption.
Meezan Bank Expands Merchant Network and Raast Integration to Drive Cashless Economy
Meezan Bank scales its digital payment strategy by onboarding 140,000 new merchants and integrating Raast to accelerate Pakistan’s transition to a formal economy.
Pakistan Digital Payments Hit 92 Percent Share as Cashless Economy Accelerates
State Bank of Pakistan’s latest report reveals a massive shift toward digital channels, with retail transactions reaching PKR 167 trillion and Raast leading the growth.
SBP Quarterly Report Reveals Massive 92 Percent Surge in Pakistan Digital Payments
State Bank of Pakistan Q2 FY26 payment systems report shows retail transactions hitting PKR 167 trillion with Raast and mobile banking leading digital adoption.
Targeted Fuel Subsidy Model Could Save Pakistan 104 Billion Rupees Over Three Months
As Dubai crude hits $146, experts advocate for a targeted fuel subsidy via RAAST and NADRA to protect motorcyclists while saving the national treasury PKR 104 billion.
SBP Issues Procedure for Fee-Free Remittance Disbursement Through Raast
The State Bank of Pakistan has issued a procedure allowing approved exchange companies to disburse inward remittances through Raast without charging beneficiaries, supporting digital payments and transparency.
SBP Governor Highlights Human Oversight in AI-Powered Islamic Finance for Financial Inclusion
State Bank of Pakistan Governor Jameel Ahmad emphasizes human judgment in AI-based banking decisions while promoting digital innovation to expand Islamic finance and financial inclusion.