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PM Launches First Instant Digital Payment System
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44 Days ago (15 Jan 2021, 10:38)
PM Launches First Instant Digital Payment System
Yesterday, Prime Minister Imran Khan launched the first instant digital payment system in Pakistan called “Raast”. The aim of the Raast is to boost the country’s formal economy, said Imran Khan.

While addressing the launch ceremony in Islamabad, he noted that the new system is a “big step” towards realizing Pakistan’s full potential. He said that the cash economy of the country was a big obstacle in tax collection.
The Prime Minister said that “The biggest loss [because of] the cash economy is [to] our tax collection. Pakistan is among the lowest tax collectors in the world.” Only two million are taxpayers out of a population of 220m.

While he was explaining how the low tax collection is affecting the economy of Pakistan, he said “we cannot build our infrastructure. We cannot do human development. We cannot educate children or improve hospitals. A country which 50 years back was advancing the fastest in the region, cannot [develop] because we do not have enough money [for ...
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