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.
Karachi, December 19, 2024 – Meezan Bank has categorically denied recent reports alleging a data breach in its banking system, reassuring customers of the safety and security of their information.
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Karachi, December 19, 2024 – The Pakistani rupee experienced a marginal depreciation of 12 paisas on Thursday, primarily driven by a surge in dollar demand for import settlements and corporate remittances as the year-end approaches.
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Ripple (XRP) has remained strong, reflecting solid demand and continued investor interest despite profit-taking by some holders. The cryptocurrency’s recent price surge, driven by the announcement of its stablecoin RLUSD, has bolstered market confidence and fueled optimism for further gains.
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Dogecoin (DOGE) has managed to hold its ground at the $0.35 support level following a 9% drop triggered by the latest announcement from the US Federal Reserve. Although the Fed’s 25 basis point rate cut was widely anticipated, their resistance to rate cuts in 2025 sparked a broad sell-off in risk assets, including cryptocurrencies.
(more…)Karachi, December 18, 2024 – On Wednesday, the Pakistani Rupee showed a slight but positive movement, reaching PKR 278.23 against the US dollar in the interbank foreign exchange market. This marked a modest gain of 4 paisas from the previous day’s closing of PKR 278.27 to the dollar, despite ongoing pressures stemming from strong import payment demands.
(more…)Ripple (XRP) has faced a tumultuous journey, marked by regulatory hurdles, particularly the high-profile SEC lawsuit. This legal battle concluded favorably for Ripple in Q3 2023, significantly enhancing XRP’s market outlook and investor confidence.
(more…)Dogecoin (DOGE) has emerged as a focal point for crypto enthusiasts, with analysts predicting a potential rally to $2.5 in the next year if market conditions remain bullish. This optimism stems from Dogecoin’s recent interaction with the Gaussian channel at $0.39. Historically,
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Karachi: The State Bank of Pakistan (SBP) has announced the launch of an upgraded eCIB system (V2) for banks and financial institutions (FIs) to streamline data submission and credit reporting processes. The move aims to enhance efficiency and accuracy in reporting, ensuring compliance with modern regulatory standards.
(more…)Karachi, December 17, 2024 – The Pakistani rupee weakened by 10 paisas on Tuesday, driven by increased dollar demand for import and corporate payments. The rupee closed at PKR 278.27 against the dollar in the interbank foreign exchange market, slightly down from the previous day’s closing of PKR 278.17.
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Ripple (XRP) announced on Monday that its USD-backed stablecoin, RLUSD, is set to officially launch globally on Tuesday. The stablecoin will initially be available on platforms such as MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, with plans to expand to other exchanges in the coming weeks.
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