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Easypaisa enables in-app QR payments for sale, purchase of sacrificial animals on Eid-ul-Azha
ISLAMABAD, Jun 07 (APP): Easypaisa, is bringing ease and convenience to its users on the Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.
The initiative is part of the State Bank of Pakistan’s (SBP) QR code payment system under the Raast instant payment service, aimed at facilitating the public and traders alike during the sale and purchase of sacrificial animals said a news release.
Eid-ul-Azha generates a wealth of economic activity in the country each year, with around Rs. 376 billion worth of animals sacrificed last year.
Given the magnitude of transactions taking place during the Eid ul Azha time frame, easypaisa will enable customers to transact securely and conveniently through its in-app QR feature and support SBP in its mission to drive Pakistan’s digital financial space forward.
Through this feature, all easypaisa users, along with all digital banking app and wallet users can send and receive money seamlessly at selected cattle markets across the country.
To send money, users simply need to tap the scan code option on the home screen, scan the receiver’s QR code, and enter the amount to proceed with the transaction. Similarly, to receive payments, users can tap the scan code option on their easypaisa app home screen and tap on receive money through either a static or a dynamic QR code.
Commenting on this development, Shahmeer Nadeem, Head of Product Management, TMB/easypaisa, remarked, “We remain committed to SBP’s mission of making Pakistan a financially inclusive society through our unique and customer-centric product offerings. The instant QR payment mechanism is the need of the hour and helps digitize the otherwise cash-intensive cattle market transactions, and ensures that our users can enjoy a hassle-free transaction experience during the Eid-ul-Azha festivities.”
The State Bank of Pakistan has taken a proactive and diligent approach to spearheading the digitization of Pakistan’s financial landscape. Aligned with the regulator’s vision, easypaisa has consistently demonstrated its position as a frontrunner, leading the charge to transform the nation’s financial services sector.
With over 40 million registered mobile accounts and counting, easypaisa remains dedicated to its mission of transforming Pakistan into a financially inclusive society through the power of collaboration and technology.
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NBP President interested to open first branch in mainland China
BEIJING, June 7 (APP): In a strategic move to expand global footprint and enhance digital banking capabilities, President of the National Bank of Pakistan (NBP), Rehmat Ali Hasnie showed interest in opening the bank’s first branch in mainland China.
Under the leadership of Prime Minister Shehbaz Sharif, this initiative is part of a broader effort to capitalize on the opportunities presented by the Belt and Road Initiative (BRI), aiming to strengthen cross-border financial collaboration and advance digital connectivity between the two nations, he told China Economic Net (CEN).
The NBP president, who attended Pakistan-China Business Forum in Shenzhen said the new branch is expected to facilitate increased trade and investment flows while leveraging cutting-edge digital banking technologies to provide seamless financial services.
After the visit of the Prime Minister to China, Hasnie hopes trade volume between China and Pakistan will increase and banks will need to innovate and provide robust trade financing mechanisms to support it.
He said that earlier this month NBP signed a Memorandum of Understanding (MoU) with China-Pakistan International Silk Road Industry Investment Management Co., Ltd. to facilitate investment in key projects for the promotion of industrial cooperation between China and Pakistan and support the establishment of special economic zones and other sectors.
As BRI’s emphasis on connectivity and modernization extends to financial technology, Rehmat noted that “the adoption of advanced digital banking platforms and fintech solutions will be critical to efficiently manage the financial transactions and services associated with BRI projects”, and added that to fully leverage the benefits of BRI, Pakistan’s banking sector must address issues such as regulatory reforms, risk management, and the enhancement of cybersecurity measures.
The president emphasized that NBP is committed to playing a pivotal role in the country’s successful implementation of CPEC.
“We are actively working to align our strategies with the objectives of BRI, ensuring that we not only support national economic growth but also strengthen our position in the regional and global banking landscape,” he affirmed.
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first cherry shipment from Gilgit-Baltistan reaches in China
ASTORE, Jun 07 (APP): Assistant Director Trade Development Authority Gilgit-Baltistan, Nazir Ali on Friday said that Gilgit-Baltistan’s first cherry shipment has reached China, marking a significant milestone in the region’s fruit export industry.
According to Assistant Director Trade Development Authority Gilgit-Baltistan, this achievement has brought joy to local farmers who are expected to earn millions of rupees from the export.
He said that this year 500 tons of cherries will be exported to China, generating substantial revenue for the country.
The provincial government has been working hard to promote the export of cherries and other fruits from the region, he said, adding that the export of cherries will not only benefit local farmers but also highlight the importance of this fruit in the region.
He expressed hope that the region will become economically stable through such initiatives.
This achievement is a result of the government’s efforts to provide market access to local farmers and promote the region’s fruit industry, he added.
The successful export of cherries is expected to open up new opportunities for the region’s farmers and contribute to the country’s economy.









