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 16, 2024 – The State Bank of Pakistan (SBP) announced a significant cut of 200 basis points in its benchmark policy rate, bringing it down from 15% to 13%.
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Karachi, December 16, 2024 – The Pakistani rupee experienced a marginal decline of 5 paisas against the US dollar on Monday, closing at PKR 278.17 in the interbank foreign exchange market compared to Friday’s closing rate of PKR 278.12. Despite this minor dip, the rupee’s overall outlook remains stable, supported by positive economic indicators.
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Ripple (XRP) has become one of the most trending cryptocurrency tokens, driven by a mix of market activity, regulatory shifts, and ecosystem developments. While the broader crypto market faced a sharp downturn in recent days, XRP’s performance has drawn significant attention. On Thursday, the token dropped over 12%, mirroring losses across the sector. However, XRP demonstrated resilience, rebounding slightly and maintaining its status as a top cryptocurrency to watch.
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After experiencing a significant surge akin to Bitcoin’s rally, Dogecoin (DOGE) encountered resistance near the $0.4850 zone. The cryptocurrency fell short of testing the $0.50 mark and subsequently entered a corrective phase. This movement resulted in multiple price swings before settling below the $0.4400 level.
(more…)Karachi, December 15, 2024 – The State Bank of Pakistan (SBP) is set to announce its final monetary policy for the year on Monday, December 16, 2024. This SBP decision is highly anticipated, with markets forecasting a significant rate adjustment.
(more…)Market sentiment surrounding Dogecoin (DOGE) has turned bullish, fueled by strong on-chain activity and technical indicators suggesting potential upward momentum. Despite a 2.68% price dip in the past 24 hours, DOGE has captured traders’ attention for forming a promising double-bottom chart pattern, a classic signal of bullish reversal.
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Ripple (XRP) has emerged as a standout performer in a turbulent crypto market, holding steady while major tokens like Bitcoin and Ethereum have experienced notable declines. Trading near the $0.50 mark, XRP’s stability has captured the attention of investors and analysts, showcasing its resilience during a period of heightened volatility in the digital asset landscape.
(more…)The Pakistani rupee is expected to maintain stability for the remainder of the current fiscal year, supported by a robust external position and optimistic projections for foreign currency inflows. Analysts anticipate the currency trading at around 282 per dollar by the end of FY25, according to a recent report by Taurus Securities titled Pakistan Investment Outlook 2025.
(more…)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.
(more…)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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