Imran for bringing masses into formal economy through digitization launch

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ISLAMABAD: Prime Minister Imran Khan addressing at the launch of Raast People-to-People, Pakistan's Instant Digital Payment System, here Tuesday. - PID photo

ISLAMABAD: Prime Minister Imran Khan has said that the country’s population can be turned into a real asset by bringing them into the formal economy through digitization, says TLTP.
The prime minister said this while addressing the launching ceremony of Pakistan’s first instant person to person payment system ‘Raast’ on Tuesday.
The prime minister said that Raast will facilitate the common man to do their transactions through cell phones, besides it will also help improve the saving rates. He said, “Technology is the way through which we can enhance our saving rates as well as tax to GDP ratio to take the country forward. We are also using technology in the Federal Board of Revenue (FBR) in order to trace those who are not paying taxes regardless of lavish lifestyle.”
Khan reaffirmed the commitment to lift the people out of poverty, saying, “If we succeed in it, it will be the present government’s big achievement.”
The prime minister also directed the governor State Bank of Pakistan to establish a special cell to further facilitate the overseas Pakistanis. He said, “Overseas Pakistanis are our biggest asset and we need to further facilitate them.”
Appreciating the efforts of SBP to facilitate people over the banking system, he said the common man often hesitated in visiting the banks, stressing that steps at ‘bottom up’ would bring the commoners into formal economy by easing their modes of payments and transactions through opening of accounts via Raast.
The prime minister said the performance of the Pakistan Tehreek-e-Insaf government would be judged in the year 2023 on the basis of its measures to reduce poverty. The UNDP report had placed Khyber Pakhtunkhwa as the only province in the country where the PTI’s government during its first term had successfully reduced poverty, he added.
The prime minister said due to such achievement, the people in KPK voted for the PTI in the 2018 elections. He further opined that it would be a great success of his government to lift the people out of poverty.
The Covid pandemic has affected the world population alike but the government in Pakistan took measures to save its people from the economic meltdown and inflation, he further said.
Monitoring Desk adds: Prime Minister Imran Khan on Tuesday met Muttahida Qaumi Movement-Pakistan (MQM-P) ministers and directed to beef up the pace of various ongoing development schemes in Karachi to ensure the provision of better services to people.
Syed Aminul Haq, who is the Minister for Information Technology, was accompanied by Minister for Law Dr Farogh Naseem as well as PTI Minister for Maritime Affairs Syed Ali Haider Zaidi on the occasion.
He also directed to take all possible measures for creating job opportunities for the tech-savvy youth and promoting information technology in the country.
The participants discussed matters pertaining to various development schemes in Karachi and the prime minister was briefed about the performance of the Ministry of Information Technology and Telecommunication.
In a separate meeting, Pakistan Tehreek-e-Insaf (PTI) Member of the National Assembly (MNA) from Karachi Aftab Siddiqui also called on PM Imran.
During the meeting, political matters of the relevant constituency as well as the development schemes were discussed.
Aftab Siddiqui appreciated the prime minister’s initiative of providing low-cost housing facilities to the country’s middle and lower segments.
The premier directed him to activate PTI workers to further strengthen and organise the party at lower tiers in Karachi.