Dec 10

SBP Directs Banks for Free Mobile Phone Transaction Alerts

Karachi, December 10, 2024 – The State Bank of Pakistan (SBP) has issued new directives mandating banks to provide free transaction alerts to customers using digital banking services. The initiative aims to enhance the security and transparency of financial transactions conducted through mobile and internet banking platforms.

by Shahnawaz Akhter

Is Ripple (XRP) Set for Quantum Leap in 2025?

Dec 10

Money & Banking

Is Ripple (XRP) Set for Quantum Leap in 2025?

Predicting the future trajectory of cryptocurrencies is inherently complex, but financial analysts speculate that Ripple (XRP) may experience significant value appreciation by 2025 if it successfully integrates quantum resistance into its infrastructure.

by Faisal Shahnawaz

Dogecoin (DOGE) Defies Odds with Stellar Annual Performance

Dec 10

Money & Banking

Dogecoin (DOGE) Defies Odds with Stellar Annual Performance

Dogecoin (DOGE), the popular meme cryptocurrency, has demonstrated remarkable growth over the past year, solidifying its place in the digital asset market. Originally created as a joke, DOGE has continued to defy expectations, fueled by a loyal community and increasing adoption.

by Faisal Shahnawaz

SBP Reports 34% Growth in Home Remittances for 5MFY25

Dec 9

Money & Banking, Top stories

SBP Reports 34% Growth in Home Remittances for 5MFY25

Karachi, December 9, 2024 – The State Bank of Pakistan (SBP) announced on Monday that home remittances have experienced a robust growth of 34% during the first five months (July–November) of the fiscal year 2024-25. This surge reflects the resilience of overseas Pakistanis in contributing to the national economy.

by Shahnawaz Akhter

Rupee Records Modest Recovery, Ends at PKR 277.98 to Dollar

Dec 9

Money & Banking

Rupee Records Modest Recovery, Ends at PKR 277.98 to Dollar

Karachi, December 9, 2024 – The Pakistani rupee witnessed a modest recovery on Monday, appreciating by 3 paisas to close at PKR 277.98 against the US dollar in the interbank foreign exchange market. This follows its previous closing of PKR 278.01 on Friday.

by Faisal Shahnawaz

Govt. Weighs Tax Schemes for Banks Amid ADR Concerns

Dec 9

Money & Banking, Taxation, Top stories

Govt. Weighs Tax Schemes for Banks Amid ADR Concerns

Karachi, December 9, 2024 – The government is exploring potential tax schemes for banks in light of the challenges surrounding the Asset to Deposit Ratio (ADR), which may impact tax collection from the financial sector. Prime Minister Shehbaz Sharif has formed a committee to address this pressing issue, with the objective of ensuring optimal tax […]

by Shahnawaz Akhter

Ripple (XRP) Shows Robust Annual Gains Amid Challenges

Dec 9

Money & Banking

Ripple (XRP) Shows Robust Annual Gains Amid Challenges

Ripple (XRP) has demonstrated a solid performance over the past year, showing impressive growth despite recent fluctuations. The cost of 1 XRP has experienced significant changes, making it a noteworthy asset in the cryptocurrency market. As of today, December 9, 2024, 1 XRP is valued at $2.49 USD, marking a notable increase from its price […]

by Faisal Shahnawaz

Bitcoin Rises 23% Monthly, Annual Gains Exceed 50%

Dec 9

Money & Banking

Bitcoin Rises 23% Monthly, Annual Gains Exceed 50%

December 9, 2024 – Bitcoin (BTC), the leading cryptocurrency by market capitalization, has demonstrated impressive growth over the past year, gaining over 56% and currently trading at $99,614.63. Despite its inherent volatility, Bitcoin continues to attract investors and traders, with its price trajectory highlighting both opportunities and risks in the cryptocurrency market.

by Faisal Shahnawaz

Ripple (XRP) Builds Momentum, Analysts Predict 3rd Wave Surge

Dec 9

Money & Banking

Ripple (XRP) Builds Momentum, Analysts Predict 3rd Wave Surge

Ripple (XRP) remains within a larger price structure that suggests it is currently in the third wave of a broader market cycle. Following the bottom in June 2022, XRP has completed waves 1 and 2, entering wave 3, which typically represents a significant bullish phase.

by Faisal Shahnawaz

Meme Coins Rally, Dogecoin Struggles for Strong Breakout

Dec 9

Money & Banking

Meme Coins Rally, Dogecoin Struggles for Strong Breakout

Dogecoin (DOGE) is gaining momentum, edging closer to the $0.50 mark—a level it has struggled to breach for weeks. Although its latest breakout lacked the explosive force many anticipated, the meme coin’s upward trajectory continues to inspire optimism among traders and investors.

by Faisal Shahnawaz