payments

87% of retail payments made via digital channels: SBP Blogging Sole

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87% of retail payments made via digital channels: SBP Blogging Sole

A person pays with their cellphone with the instant electronic payment method at a store on April 1, 2024. — Reuters The share of digital payments in Q4FY24 increased to 27%. Retail transactions witness an 8% increase in volume in Q1FY25. 251 million (13%) transactions processed via OTC channels. KARACHI: Amid the government’s relentless efforts … Read more

Energy Ministry reveals details of huge capacity payments to IPPs Blogging Sole

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Energy Ministry reveals details of huge capacity payments to IPPs Blogging Sole

A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more