The State Bank of Pakistan (SBP) has connected its Raast payment system with the Arab Monetary Fund’s Buna platform, allowing rupee-based payments between Pakistan and Arab countries. This move aims to simplify cross-border transactions and boost trade. Additionally, the SBP is working on enabling direct payments to China via e-wallets and online banking. The bank has also launched a new National Financial Inclusion Strategy, targeting 75% banking access for adults by 2028, with a focus on increasing financial access for women.
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