Just Earth News | @justearthnews | 09 Feb 2022, 03:41 am Print
World Bank Image: wikimedia Commons
Washington/UNI: The World Bank on Wednesday has demanded Pakistan to meet for conditions during the current fiscal year to be able to get approval for a USD 350 million programme loan.
World Bank Country Director for Pakistan Illango Patchamuthu tweeted, "To unlock Pakistan's USD 36 billion digital finance potential, it will take high-level commitment, faster payments gateway, lower costs, fast track licencing for fintech (financial technology) sector and digitisation of all government payments."
The News International quoted Director as saying that widespread use of digital payments in Pakistan offers a 7 per cent boost of GDP, can create 4 million jobs, mobilise over USD 250 billion in deposits and formalise large parts of the cash economy.
- Dolby teams up with QQ Music—Is this the future of streaming sound?
- 2026 economic crisis? Robert Kiyosaki reveals his bets
- Bangladesh faces $4.8 billion energy shock as Middle East crisis sends fuel prices soaring
- Samsung drops Galaxy A57, A37 5G with Pro Camera, AI—Midrange just got powerful!
- 30-hour battery, AI boost! Samsung’s Galaxy Book6 Series launched in India

