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Nearly 90% of Retail Payments Go Cashless in Q3 FY25
Pakistan is rapidly embracing a digital economy, with a staggering 89% of all retail transactions now processed through digital channels in the third quarter of FY25. This impressive shift, highlighted by the State Bank of Pakistan’s latest review, is largely fueled by the exponential growth of mobile banking, e-money, and branchless banking wallets. From everyday in-store purchases to booming e-commerce, digital payments are transforming how Pakistanis transact, promoting greater financial inclusion and efficiency across the nation.
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US Strikes in Iran Fuel Oil Price Surge and Investor Jitters
Recent US military actions against Iranian nuclear sites have sent ripples of concern across global financial markets. Investors are closely monitoring the unfolding situation, bracing for potential oil price spikes and a rush to safe-haven assets. While Middle Eastern markets initially remained calm, the heightened uncertainty surrounding Iran’s response, particularly regarding the critical Strait of Hormuz, could significantly impact inflation and global economic stability
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