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 22, 2024 – Banks have extended loans to private sector amounting Rs 1.35 trillion during the period between July 1, 2024 to December 6, 2024 in desperation to meet Asset to Deposit Ratio (ADR).
(more…)
The rupee is expected to face mounting pressure next week due to heightened dollar demand for debt servicing, year-end import obligations, and other financial commitments, according to a report released.
(more…)
Karachi, December 21, 2024 – The State Bank of Pakistan (SBP) has officially declared a bank holiday on Wednesday, December 25, 2024, to observe Quaid-e-Azam Day and Christmas, in line with the public holiday declaration made by the Government of Pakistan.
(more…)
Ripple whales are seizing the opportunity presented by the recent market downturn, continuing to accumulate XRP and signaling potential bullish momentum. XRP’s recent performance, alongside broader market trends, reflects renewed investor interest following a period of caution. Furthermore, Ripple’s strategic developments reinforce confidence in the coin’s long-term trajectory.
(more…)
Dogecoin (DOGE) could be regaining its upward momentum, with a crypto analyst predicting a potential recovery. The forecast highlights that DOGE’s daily Relative Strength Index (RSI) has entered a critical rebound zone, signaling a possible price surge. This prediction is based on a previous scenario where similar RSI movements triggered significant price spikes for the meme coin.
(more…)Karachi, December 20, 2024 – The Pakistani rupee registered a slight decline of 7 paisas against the US dollar on Friday, closing at PKR 278.42 in the interbank foreign exchange market, down from the previous day’s rate of PKR 278.35. This decline occurred despite an increase in the country’s foreign exchange (forex) reserves.
(more…)Ripple (XRP) has demonstrated significant price swings over the past week, ending in a notable overall decline. Starting at $2.40 on December 14, 2024, XRP maintained relative stability through December 15, with a slight increase of +0.17%.
(more…)Over the past week, Dogecoin has experienced significant price volatility, culminating in a substantial decline. Beginning at $0.39 on December 14, 2024, the cryptocurrency saw minor fluctuations early in the week, peaking at $0.40 on December 15 and 16.
(more…)
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.
(more…)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.
(more…)