The first phase of Raast, Bulk Payments, was launched by the Prime Minister Imran Khan on ____________?
Correct answer: B. 11 January 2021
- A. 10 January 2021
- B. 11 January 2021
- C. 15 January 2021
- D. None of these
Explanation
The first phase of Raast, Pakistan’s instant digital payment system for bulk payments, was launched on 11 January 2022. Raast was developed by the State Bank to make domestic digital transfers faster and cheaper.
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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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