He pointed out that it is Pakistan's first cross-border real-time payment system that will make remittances more affordable and accessible


Islamabad: Prime Minister Muhammad Shehbaz Sharif Thursday launched Buna-Raast connectivity project in Islamabad to streamline remittances from the Arab world to Pakistan.
The project links Pakistan's digital payment system, Raast, with Buna, which is established under the Arab Monetary Fund.
Speaking on the occasion, the Prime Minister said this groundbreaking initiative will further strengthen our historic relations with the Arab World in a modern digital way. “This landmark initiative aims to facilitate our fellow Pakistanis in the Arab world to quickly send their money back home”.
Shehbaz Sharif pointed out that it is Pakistan's first cross border real time payment system that will make remittances more affordable and accessible.
Referring to the economic challenges, the Prime Minister stated that he will soon announce a five-year home-grown economic program. Discussions have been held with stakeholders over the last many months.
He added the program will envisage measures to uplift the economy and different sectors including agriculture and IT.
In his remarks on the occasion, Finance Minister Muhammad Aurangzeb expressed satisfaction that macroeconomic stability is taking root in Pakistan.
Investor’s confidence is also coming back to the country. He was confident that the Extended Fund Facility of the International Monetary Fund (IMF) would help bring permanence to macroeconomic stability. The premier said the government is committed to structural reforms including in the energy and taxation system.
The Finance Minister said remittances are a lifeline for Pakistan and the country received remittances of three billion dollars in the month of July this year. He added that Buna-Raast project will further enhance remittances.

Jumada-al-Awwal moon sighted
- 3 hours ago

The leaked Young Republican group chat points toward a bigger problem
- 20 hours ago

Pindi Test: South Africa beat Pakistan by 8 wickets,series level by 1-1
- 14 hours ago

US criticizes Israeli for move to annex occupied West Bank
- 5 hours ago

Pakistan,Poland agree to boost trade, strengthen bilateral ties
- 10 hours ago

Federal cabinet approves ban on religious political party TLP
- 9 hours ago

Trump’s $230 million cash grab, briefly explained
- 20 hours ago

Pakistan, Egypt discuss regional security, defense cooperation
- 5 hours ago

Pakistan can help bridge differences between the US and China, pak ambassador
- 18 hours ago

PCB announced White-ball squads named for South Africa and tri-nation series
- 18 hours ago

Miankina amin’ny ranomasina izy ireo mba hivelomany. Saingy ankehitriny, miharava ny aina velona ao an-dranomasina.
- 11 hours ago

Trump imposed Ukraine-related sanctions on Russia over the war
- 18 hours ago