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, January 9, 2025 – The Pakistani rupee witnessed a modest recovery on Thursday, appreciating by 11 paisas against the US dollar in the interbank foreign exchange market.
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Karachi, January 9, 2025 – The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, expressed optimism about further easing of inflation in January, with expectations of fluctuations in the following months.
(more…)Karachi, January 8, 2025 – The Pakistani rupee experienced a slight decline of 5 paisas against the US dollar in the interbank foreign exchange market on Wednesday, closing at PKR 278.72 compared to the previous day’s rate of PKR 278.67.
(more…)Karachi, January 7, 2025 – The Pakistani rupee weakened further on Tuesday, closing at PKR 278.67 against the US dollar in the interbank foreign exchange market. This slight depreciation is primarily linked to heightened demand for dollars, driven by increasing import payments.
(more…)Karachi, January 6, 2025 – The Pakistani rupee experienced a modest decline of 6 paisas against the US dollar on Monday, closing at PKR 278.62, compared to last Friday’s closing of PKR 278.56 in the interbank foreign exchange market.
(more…)The Pakistani rupee is expected to remain stable in the coming weeks, supported by improved economic perceptions and positive sentiment among stakeholders. Analysts project that the rupee will maintain its current trends over the next several months.
(more…)Karachi, January 3, 2025 – The Pakistani rupee gained 8 paisas against the US dollar in the interbank foreign exchange market on Friday, closing at PKR 278.56 to the dollar.
(more…)Karachi, January 2, 2025 – The Pakistani rupee experienced a modest decline of 9 paisas on Thursday, January 2, 2025, closing at PKR 278.64 to the dollar in the interbank foreign exchange market, down from PKR 278.55 on December 31, 2024.
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Ripple Chief Legal Officer, Stuart Alderoty, has expressed strong expectations that the U.S. Securities and Exchange Commission (SEC) will adopt a more legally sound and balanced approach to cryptocurrency regulation in the upcoming year.
(more…)Ripple (XRP), one of the leading cryptocurrencies, experienced a significant price increase in 2024, recording an annual growth of 70.55%. The price of 1 XRP rose from $0.63 on January 2, 2024, to $2.13 on January 1, 2025, marking a gain of $1.50 over the year. This robust performance reflects Ripple’s resilience and growing adoption despite a turbulent cryptocurrency market.
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