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The federal government, along with three provincial governments, has conditionally agreed on a new National Fiscal Pact (NFP). This pact fulfills a crucial requirement set by the International Monetary Fund (IMF). The agreement came after the Centre significantly modified the terms to address concerns raised by the provinces. However, as of Monday night, the finance …
Continue reading “Three Provinces Sign National Fiscal Pact”
The State Bank of Pakistan (SBP) and the Controller General of Accounts Pakistan (CGAP) signed a Memorandum of Understanding today to digitize federal government payments using RAAST, Pakistan’s First Instant Payment System, which will be launched by SBP in January 2021. Raast is SBP’s flagship initiative, providing a simple, fast, low-cost, interoperable, and safe online …
Continue reading “SBP and CGA Sign MOU for Digitizing Government Payments through Raast”
