Digital economy a great hope for Pakistan’s development: Cheng

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Observer Report

Beijing

Prime Minister Imran Khan was expected to launch the first phase of Pakistan’s Instant Payments System, State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said recently while steering the third nation-wide stakeholders’ meeting on Digital Financial Services. “This move demonstrates that Pakistan is accelerating digitization of the country, which includes successful introduction of the digital account, provision of lifestyle banking, and investments through the Roshan Digital Accounts (RDA) for non-resident Pakistanis,” Cheng Xizhong, visiting professor at Southwest University of Political Science and Law said on Saturday. Pakistan is known as the land of opportunity as it has tremendous and unmatched potentials. While technology-enabled innovation is the major spur to productive growth, rapid advances in technology are enabling new business opportunities.