KARACHI, October 30, 2024: Accelerating the digitization of payments, the State Bank of Pakistan and K-Electric, the country’s sole private power utility, have made a significant advancement by signing agreements to initiate a Proof of Concept under Raast’s Payment Initiation Service Provider (PISP) model. This collaboration will assess the feasibility of incorporating K-Electric’s consumer and…
Islamabad, September 27, 2023: MoU for Bill and Melinda Gates Foundation’s (BMGF), assistance through Karandaaz will be signed on the sidelines of the World Bank meetings in Morocco in October 2023. The Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar met the Country Lead (Pak), Bill and Melinda Gates Foundation (BMGF),…
KARACHI: The State Bank of Pakistan (SBP) has announced that Raast services will remain unavailable for two days. According to SBP, Raast services will not be available from 09:00 AM on 3rd September, till 12:00 AM on 4th September 2023, due to a pre-planned major system upgradation. It may be mentioned here that Raast services…