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‘Raast’ – PM Imran launches Pakistan's first instant digital payment system (VIDEO)

07:48 PM | 11 Jan, 2021
‘Raast’ – PM Imran launches Pakistan's first instant digital payment system (VIDEO)

ISLAMABAD – Prime Minister Imran Khan on Monday launched the country's first instant digital payment system, calling it 'a giant jump' towards Digital Pakistan.

Addressing the launching ceremony, he said the 'Raast' initiative will help boost formal economy, financial inclusion of women, and uplift of poor segment of society.

"Cash economy is the biggest obstacle in tapping true potential of 220 million population of Pakistan," he added.

Khan said that cash economy badly affect tax collection, which is evident with the fact that only two million out of 220 million people are tax filers, while 30,000 of taxpayers make 70 percent of the total tax collection in the country.

The premier also congratulated State Bank of Pakistan (SBP) for its initiative of 'Raast' and bank efforts for engaging overseas Pakistanis in convincing them to send remittances using formal channels. 

He said foreign remittances have witnessed healthy surge as a result of these efforts. "Our Current Account Deficit has become surplus, which has strengthened Rupee's value."

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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