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  • Retail payments hit 2.8 billion transactions worth Rs166 trillion in Q1 FY26: SBP

    Retail payment activity in Pakistan expanded further in the first quarter of FY2025-26, with transaction volumes rising to 2.8 billion, up 10% quarter-on-quarter, and total value increasing 6% to Rs166 trillion, according to the Quarterly Report on Payment Systems released by the State Bank of Pakistan.

    The SBP said the growth was driven mainly by rising adoption of digital channels. Digital payments accounted for 2.5 billion transactions, or 90% of total retail payments, compared with 87% in the same quarter last year. The value of transactions conducted through digital channels reached Rs55 trillion.

    Mobile app-based banking dominated digital payments, recording 2.0 billion transactions worth Rs33.7 trillion, representing 81% of all digital payments. These transactions covered person-to-person transfers, bill payments and merchant payments across both online platforms and physical outlets.

    Internet banking also showed steady growth, while the number of payment cards in circulation increased to 61.3 million. Of these, debit cards accounted for 90%, while credit cards made up 4%.

    The Raast Instant Payment System maintained strong momentum during the quarter. Person-to-person transactions rose 31% to 535 million, with a value of Rs11.3 trillion, while person-to-merchant transactions doubled to 4.3 million, amounting to Rs17 billion. Overall, Raast processed 544 million transactions valued at Rs12.8 trillion.

    Card-based payments at point-of-sale terminals and through e-commerce platforms averaged 1.5 million transactions per day. A network of 20,527 ATMs facilitated 267 million transactions worth Rs4.5 trillion, with each ATM handling an average of 142 transactions per day and an average ticket size of Rs16,800.

    Physical channels continued to support retail payments alongside digital platforms. A total of 19,852 bank branches processed 137 million transactions amounting to Rs110 trillion, while 756,480 branchless banking agents facilitated 129 million over-the-counter transactions worth Rs0.9 trillion.

    The SBP said the figures point to continued progress toward a more efficient and digitally enabled payments ecosystem, with growing reliance on mobile and instant payment platforms while physical channels remain relevant.


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  • Kondo Nissan Team Weighing Up Bridgestone Tire Switch – Sportscar365

    Kondo Nissan Team Weighing Up Bridgestone Tire Switch – Sportscar365

    Photo: Nissan

    Nissan GT500 team Kondo Racing could be set for a switch from Yokohama to Bridgestone tires for the 2026 SUPER GT season.

    Sources have indicated that the team owned by…

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  • Measles death toll reaches 12 in Mongolia-Xinhua

    ULAN BATOR, Dec. 30 (Xinhua) — Mongolia’s measles death toll has reached 12 after one more related death was registered, the National Center for Communicable Diseases (NCCD) said on Tuesday.

    Meanwhile, 22 people remained in hospital,…

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  • Measles death toll reaches 12 in Mongolia-Xinhua

    ULAN BATOR, Dec. 30 (Xinhua) — Mongolia’s measles death toll has reached 12 after one more related death was registered, the National Center for Communicable Diseases (NCCD) said on Tuesday.

    Meanwhile, 22 people remained in hospital,…

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  • Official Announcement: Enrique Collar passes away

    Official Announcement: Enrique Collar passes away

    Real Madrid C.F., its President and its Board of Directors deeply regret the passing of Enrique Collar, one of the great Atlético Madrid and Spanish football legends.

    Real Madrid would like to express its condolences and affection to his family,…

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  • Statement by High Representative/Vice-President Kallas and Commissioner Kos on Kosovo parliamentary elections

    Statement by High Representative/Vice-President Kallas and Commissioner Kos on Kosovo parliamentary elections

    On Sunday 28 December, the people of Kosovo exercised their democratic right by casting their vote in the early parliamentary elections.

    After the political stalemate following the February 2025 elections, we look forward to the swift formation of…

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  • LTA | Joint News Release by the Land Transport Authority (LTA), SMRT & SBS Transit

               The Rail Reliability Taskforce has submitted its recommendations on enhancing the reliability of our rail system to the Acting Minister for Transport.

    2.        The Taskforce was formed on 19 September 2025 to develop and implement immediate solutions to improve rail reliability and joint responses to train service disruptions. The Taskforce is chaired by LTA Chief Executive Ng Lang, and includes SMRT Group Chief Executive Officer Ngien Hoon Ping, SBST Group Chief Executive Officer Jeffrey Sim, as well as technical specialists across the rail sector.

    3.        A five-member Independent Advisory Panel was also appointed to provide strategic advice and technical expertise to the Taskforce. The Panel comprises seasoned leaders who have held key engineering and management roles in the rail sector around the world, with deep experience in the operations, management and maintenance of core rail systems.

    4.        The Taskforce commenced its review with joint technical audits of systems related to the incidents from July to September 2025. It also undertook a comprehensive and in-depth review of rail operations and maintenance – specifically asset management, workforce capabilities, as well as rail service recovery and commuter management.

    5.         As part of its work, the Taskforce conducted detailed technical workshops, site visits, direct ground observations, and interviews with operational and technical staff on the ground. The Independent Advisory Panel visited Singapore from 17 to 21 November 2025, where they reviewed the Taskforce’s preliminary findings, and assessed our operators’ practices, capabilities and incident response strategies. A summary of the Taskforce’s recommendations follows.

    Addressing Recent Service Disruptions

    6.        The train service disruptions from July to September 2025 occurred across different MRT and LRT lines, and involved different systems such as signalling, power and rolling stock. The Taskforce found that while the underlying causes of the incidents were unrelated, there were several areas for improvement. For example, the Taskforce recommends introducing additional backup or bypass systems and procedures to allow train operations to continue or resume more quickly after a minor fault, once the safety of passengers has been ensured.

    Enhancing Asset Management

    7.        The Taskforce recommends prioritising the renewal of three core systems (trains, signalling, and power) and to shorten the time taken to renew these systems. To achieve this, more engineering hours should be set aside, including through full day service closures, to carry out such works expeditiously, efficiently and safely.

    8.        The Taskforce also recommends leveraging technology and data to implement more comprehensive and standardised condition monitoring across our rail network, to allow for more timely interventions on pre-emptive maintenance and replacement of critical components. This complements the Taskforce’s recommendation to improve the management of spare components and parts to ensure that they are available when needed. Robotics and automation could also be deployed more extensively to augment our rail workforce in carrying out maintenance tasks more efficiently.

    Deepening Workforce Capabilities

    9.        The Taskforce recognises that the rail sector needs to continually upgrade its workforce and sustain a pipeline of engineering talent to operate and manage an ageing and expanding network. The Taskforce recommends that LTA and the rail operators work together to strengthen the role of the Singapore Rail Academy in harmonising and raising standards across the board to prepare the rail workforce for future challenges. This would include enhancing the professional certification framework for rail engineers and technicians, by expanding certification coverage to more rail systems and workers. The Taskforce also recommends more structured and frequent staff rotations between LTA and the rail operators to build common perspectives and capabilities.

    Improving Rail Service Recovery and Commuter Management

    10.      Maintaining a high level of rail reliability reduces, but does not eliminate, delays and disruptions, which will still happen from time to time. To improve rail service recovery and commuter management, the Taskforce recommends enhancing standard operating procedures to manage service disruptions on the ground, which will enable quicker and more effective resumption of service after faults. The Taskforce also recommends improving alternative travel options for commuters, as well as adopting a more commuter-centric mindset to guide affected commuters. This includes providing more precise, tailored and real time information on system status and alternative travel routes, as well as better wayfinding on the ground. Beyond the centralised webpage providing the real-time operating status across all rail lines which LTA launched on 13 Dec 2025, the Taskforce recommends developing more tools to provide real-time, journey-specific information to help commuters plan what to do when a disruption occurs.

    11.      Mr Ng Lang, Chairman of the Rail Reliability Taskforce and Chief Executive of LTA said: “The Taskforce’s work comes at an important time as Singapore juggles ageing existing rail lines alongside rapid network expansion. The challenge of operating and maintaining the rail system will only increase as its size and complexity grow. These recommendations will help guide the next steps to be taken to continue strengthening the reliability of our rail network.”

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  • Meta buys China-founded AI agent Manus – Dawn

    1. Meta buys China-founded AI agent Manus  Dawn
    2. Exclusive | Meta Buys AI Startup Manus for More Than $2 Billion  The Wall Street Journal
    3. Meta to buy Chinese founded startup Manus to boost advanced AI  Reuters
    4. Meta says AI startup Manus to cut China ties after acquisition  Nikkei Asia
    5. Meta just bought Manus, an AI startup everyone has been talking about  TechCrunch

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  • Arif Habib sees PIA privatisation creating more jobs in airline – Dawn

    1. Arif Habib sees PIA privatisation creating more jobs in airline  Dawn
    2. Pakistan concludes bidding for PIA privatization as Arif Habib Group clinches sale  Arab News PK
    3. PIA privatisation, without the spin  Geo News
    4. PIA retired employees thank govt for…

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  • Why You’ll Love ‘Dune’ : Throughline : NPR

    Why You’ll Love ‘Dune’ : Throughline : NPR

    As a kid, Ramtin fell in love with Frank Herbert’s 1965 epic sci-fi novel, Dune. Today, he joins NPR’s Books We’ve Loved crew, Andrew Limbong and B.A….

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