State Bank of Pakistan (SBP) has developed Pakistan's first instant payment system 'Raast'
ISLAMABAD: (UrduPoint/Pakistan Point News-Feb 15th, 2022) Prime Minister Imran Khan will launch on Tuesday Pakistan's first instant payment system 'Raast' developed by State Bank of Pakistan.
Taking to Twitter, Minister of State for Information and Broadcasting Farrukh Habib said the program aims at facilitating digital payments amongst people.
He said under the program, users wouldd be able to send and receive money in their accounts through a mobile application.
A day earlier, Prime Minister Imran Khan said that the 10 dams being constructed by the government will double the country's storage capacity to irrigate more land and help reduce the impact of climate change.
He was addressing an international symposium regarding hydropower development in Islamabad on Monday.
The Prime Minister regretted the indifference of previous governments to the construction of big water reservoirs. He pointed out that China constructed five thousand dams whilst Pakistan only built two major dams back in the 60s. He said had the hydropower potential of the country was tapped, the country today would not have been faced with the issue of rising prices of electricity as well as inflation.
The Prime Minister expressed satisfaction that his government whilst pursuing the forward looking approach decided to construct ten dams in a decade time. He said given increase in our population, we have to bring more land under cultivation in areas such as D.I.Khan, Balochistan and Thar, which can be done with the availability of water. He said Pakistan can become wheat and cotton exporting country by irrigating more land.
As regards the proposal of Minister for Water Resources Moonis Elahi for construction of Kalabagh Dam, the Prime Minister acknowledged that Pakistan requires more water storage capacity and the very site of Kalabagh is very appropriate for the dam.
He, however, said the people in Sindh have their reservations on this project and without convincing them, the work on this project cannot be started. He said being the federation, we have to take along all the provinces.
On the occasion, Prime Minister Imran Khan also commended the political acumen of PML (Q) leader Chaudhary Shujaat Hussain saying they have full trust in its allied party.
President of International Commission on Large Dams Michael Rogers termed the construction of ten dams by Pakistan as an amazing and world class endeavor. This, he said, is the road to prosperity and better future of Pakistan.
Appreciating the capability of WAPDA to execute these projects, Michael Rogers specifically mentioned that Diamer Basha is a dam for generations. He assured to provide Pakistan with state of the art knowledge to support the construction of the dams.
Chairman WAPDA Muzammil Hussain, in his remarks, said the construction of dams is aimed at food security and human security. He said work on the dams is being carried out with speed and accuracy.
