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: The State Bank of Pakistan (SBP) has reaffirmed its commitment to safeguarding the interests of the country’s bank depositors, ensuring protection for approximately 99% of all account holders through its robust deposit protection framework.
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In the fast-changing world of digital currencies, Ripple (XRP) has emerged as a prominent player under the visionary leadership of its CEO. Recent developments highlight Ripple’s ambitious strategy to integrate cutting-edge technologies like decentralized finance (DeFi) and artificial intelligence (AI), aiming to revolutionize the financial sector.
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Market sentiment toward Dogecoin (DOGE) remains bullish, driven by a series of favorable indicators. In the last 24 hours, long positions worth $1.42 million have been liquidated, significantly outpacing $450,000 in shorts. This disparity underscores traders’ optimism for Dogecoin’s potential to overcome the key $0.47 resistance level.
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Islamabad, December 13, 2024 – A high-level meeting of the Prime Minister’s Committee on IT Export Remittances convened to address the pressing need for payment solutions, including PayPal, to support Pakistan’s freelancers. The meeting emphasized the urgency of enabling access to global payment gateways and developing localized payment systems to empower IT professionals and enhance Pakistan’s global competitiveness.
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Karachi, December 13, 2024 – The Pakistani rupee recovered 11 paisas on Friday, closing at PKR 278.12 against the US dollar in the interbank foreign exchange market. This recovery follows a decline to PKR 278.23 a day earlier, marking the rupee’s third consecutive dip against the greenback.
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Karachi, December 13, 2024 – Banks in Pakistan are under significant pressure to meet Advance to Deposit Ratio (ADR) ratios and are now offering loans below market rates to address this challenge.
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The cryptocurrency market, renowned for its volatility, continues to intrigue and challenge investors. Ripple (XRP), a prominent digital asset, has faced significant headwinds recently, with a dip in market value sparking concerns among its community. As we cast an eye toward 2025, several factors will likely shape XRP’s trajectory, presenting both opportunities and challenges.
(more…)Dogecoin (DOGE) has experienced significant fluctuations in its value against the United States Dollar (USD) over the past year, reflecting the volatile nature of the cryptocurrency market. Here’s a detailed overview of its price dynamics on annual, monthly, and weekly bases.
(more…)Karachi, December 12, 2024 – The Pakistani rupee continued its downward trend on Thursday, depreciating by another 6 paisas against the US dollar in the interbank foreign exchange market. The currency closed at PKR 278.23 to the dollar, compared to the previous day’s closing of PKR 278.17. This marks the rupee’s third consecutive decline against the greenback.
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Karachi, December 12, 2024 – The Pakistan Banks Association (PBA) has appointed Symmetry Group Limited to spearhead the transformation of its digital channels, aiming to modernize and enhance its digital presence.
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