Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
The cryptocurrency market has been set abuzz as Binance and Coinbase, two of the world’s leading crypto exchanges, have confirmed their plans to list the much-hyped TRUMP memecoin.
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Karachi, January 19, 2025 – The Pakistani rupee is forecasted to remain stable in the upcoming week, beginning January 20, 2025, supported by steady inflows from remittances and exports. Analysts believe the local currency is benefiting from improved economic fundamentals and growing confidence in Pakistan’s financial outlook.
(more…)Washington, January 19, 2025 – President-elect Donald Trump has taken the cryptocurrency world by storm with the launch of his own digital currency, $TRUMP, on Friday. The announcement caused a frenzy among crypto enthusiasts, sending its market capitalization soaring to an estimated $6 billion within hours.
(more…)Karachi, January 17, 2025 – The Pakistani rupee appreciated by 15 paisas against the US dollar on Friday, marking a notable recovery, driven by the country’s rising foreign exchange reserves and a substantial surplus in the current account.
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Karachi, January 17, 2025 – In a major development for Pakistan’s banking sector, the Federal Board of Revenue (FBR) has announced a reduction in the corporate tax rate for banks to 43%, down from the previous 44%. This revised tax rate will take effect for the tax year 2026, commencing on January 1, 2025.
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Over the weekend, while most cryptocurrencies remained relatively stagnant, Ripple XRP surged over 6%, making a strong statement in the digital asset market.
(more…)Karachi, January 16, 2025 – The Pakistani rupee continued its downward trend against the US dollar on Thursday, closing at PKR 278.86 in the interbank foreign exchange market.
(more…)Ripple (XRP) has surged above $3 for the first time since 2018, marking a significant milestone on January 15. This remarkable price movement highlights growing confidence among investors ahead of the SEC’s imminent appeal-related filing. The rally suggests a market belief that the SEC may face challenges in overturning previous rulings in the SEC vs. Ripple case.
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Dubai/Islamabad – January 15, 2025: JazzCash, Pakistan’s leading fintech platform, recently unveiled a comprehensive three-year roadmap to advance the country’s transition to a cashless society.
(more…)Karachi, January 15, 2025 – The Pakistani rupee witnessed a slight decline of 5 paisas against the US dollar on Wednesday, primarily due to persistent demand for dollars driven by import and corporate payment obligations. The rupee closed at PKR 278.77 to the dollar, compared to the previous day’s closing of PKR 278.72 in the interbank foreign exchange market.
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