Pkrevenue.com

Category: Money & Banking

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.

  • Ripple (XRP) Sustains Strength, Attracts Strong Demand

    Ripple (XRP) Sustains Strength, Attracts Strong Demand

    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 Steadies Amid Fed Impact and Investor Optimism

    Dogecoin Steadies Amid Fed Impact and Investor Optimism

    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.

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  • Rupee Inches Up to PKR 278.23 Against Dollar on Dec 18

    Rupee Inches Up to PKR 278.23 Against Dollar on Dec 18

    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.

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  • Ripple Legal Win Boosts XRP Price Predictions

    Ripple Legal Win Boosts XRP Price Predictions

    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.

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  • Dogecoin Price Analysis: Potential Rally to $2.5

    Dogecoin Price Analysis: Potential Rally to $2.5

    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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  • SBP Unveils New eCIB System for Enhanced Data Reporting

    SBP Unveils New eCIB System for Enhanced Data Reporting

    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.

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  • Rupee Weakens by 10 Paisas Amid Dollar Demand

    Rupee Weakens by 10 Paisas Amid Dollar Demand

    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 Set to Launch RLUSD Stablecoin Amid Bullish Sentiment

    Ripple Set to Launch RLUSD Stablecoin Amid Bullish Sentiment

    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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  • Dogecoin Shows Strong Growth Over the Past 30 Days

    Dogecoin Shows Strong Growth Over the Past 30 Days

    Dogecoin (DOGE) has demonstrated a solid upward trend over the last month and year, showcasing its growing presence and resilience in the cryptocurrency market. Despite minor short-term fluctuations, Dogecoin’s 30-day price increase of +$0.04 (9.82%) and an impressive yearly surge of +$0.31 (77.05%) highlight the asset’s strong performance.

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  • CDNS Announces 100th Draw of Rs 200 Prize Bonds

    CDNS Announces 100th Draw of Rs 200 Prize Bonds

    The Central Directorate of National Savings (CDNS) has announced the 100th draw for Rs 200 denomination prize bonds, held on Monday in Sialkot. This milestone event marks yet another successful effort by the CDNS to promote savings culture among Pakistanis through its prize bond schemes.

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