The aim of the pilot operation is set a roadmap to bridge the gap between informal economy and digital financial services by enabling small and micro retailers with the most sought-after use cases so that they can serve the mass unbanked consumers of Pakistan. OneZapp will have many innovative features and will continue to have […] The post E-Processing Systems Pvt. Ltd Granted Approval By State Bank of Pakistan To Launch Electronic Money Institute appeared first on The Friday Times - Naya Daur.
Pakistan has to make tough choices as sovereign default appears imminent. Begging for “mini” bailouts from “friendly” countries can only postpone the inevitable. Political leaders presently engaged in brinksmanship and partisan politics must prepare the people for the stiff challenges ahead. Successive governments, afraid of the political costs of default, have dithered on implementing painful […] The post Facing The Abyss Of Default: Pakistan’s Economic Woes Run Deep appeared first on The Friday Times - Naya Daur.
The year 2022 comes to an end with Pakistan being surrounded by economic uncertainty. The looming crisis is, currently, the talk of the town. Probably, more airtime is being consumed by debates on the economy’s fate than any other topic in the mainstream media. Therefore, it is worthwhile, to sum up our present economic condition […] The post Year End: Pakistan’s Dismal Economic Reality Sets Tone For Challenging 2023 appeared first on The Friday Times - Naya Daur.