Pakistan’s Digital Payment Channels Process 88% of Retail Transactions, Showing Strong Growth in Q2-FY25

Pakistan’s digital payment channels processed 88% of retail transactions in Q2-FY25, with a 12% increase in transaction volume and a 28% rise in value. Mobile banking apps, e-money wallets, and branchless banking services played a pivotal role in driving growth. SBP’s initiatives continue to fuel financial inclusion and efficiency.

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GCC Nations Set Ambitious Digital Transformation Goals to Boost Economic Growth

The IMF report outlines the GCC nations’ ambitious digital transformation plans, aiming to boost the digital economy’s share of GDP and enhance government service digitalization. Targets include significant growth in digital economy contributions, with the UAE aiming for full government digitalization by 2025 and other nations setting similar goals.

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International Textile Limited Adopts RISE with SAP for Digital Transformation and Operational Excellence

International Textile Limited (ITL) is enhancing its operations by adopting RISE with SAP, a cloud-based ERP solution. This move aims to improve efficiency, scalability, and real-time decision-making, while also integrating AI and sustainability features. ITL’s adoption of this technology will strengthen its competitive position in Pakistan’s textile sector.

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Saudi Arabia’s Transport Sector Achieves Record-Breaking Performance During Ramadan

Saudi Arabia’s transportation sector experienced record demand during Ramadan, with the Haramain High-Speed Railway carrying over 1.2 million passengers. Public transport buses, ride-hailing, car rentals, and logistics also saw significant growth. These achievements reflect the success of regulatory efforts and the country’s ongoing commitment to Vision 2030’s goals.

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