State bank of Pakistan with collaborations of Bill and Melinda Gates Foundation and Karandaaz Pakistan developed which new digitalalization system for increasing financial system ?
Correct answer: B. Raast
- A. Techno pay
- B. Raast
- C. Digital currency
- D. None of these
Explanation
Raast is the State Bank of Pakistan’s instant digital-payment system, designed to connect banks and users through fast, low-cost transfers. It is not a digital currency, because Raast transfers existing money rather than issuing a new currency.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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