Finance Dept, GoPb, SBP sign MoU to launch Raast On e-Pay Punjab App.

LAHORE -- Punjab Finance Department's Special Secretary Muhammad Ali Randhawa and State Bank of Pakistan (SBP) Finance Director Qader Baksh Monday signed an MoU to launch Raast on PITB-developed e-Pay Punjab App with Punjab Finance Minister Muhammad Mohsin Leghari in chair. The MoU was signed at an event held at Punjab Civil Secretariat, Lahore. Through this system government of Punjab will disburse payments digitally to citizens and businesses directly in their accounts i.e. vendor payments, wheat procurement payments, subsidies, salaries, pensions, PSPA grants, etc. This will put an end to the old and cumbersome system of making payments through treasury cheques. Finance Minister Muhammad Mohsin Leghari applauded PITB for...