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.

Dogecoin Edges Closer to Milestone of $0.50

Dogecoin (DOGE) continues to showcase resilience and growth potential, capturing the attention of analysts and investors alike. With multiple bullish indicators emerging, the popular cryptocurrency appears to be on a promising trajectory toward achieving the significant milestone of $0.50 and possibly even higher.
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December 12, 2024
Rupee Eases to PKR 278.17 Against Dollar in Interbank Market

Karachi, December 11, 2024 – The Pakistani rupee weakened slightly on Wednesday, depreciating by 12 paisas to close at PKR 278.17 against the US dollar in the interbank foreign exchange market. This decline follows the previous day’s closing rate of PKR 278.05 per dollar.
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December 11, 2024
Ripple (XRP) Soars Following RLUSD Approval

RLUSD, a USD-pegged stablecoin launched by Ripple, has officially received approval from the New York State Department of Financial Services (NYDFS). Ripple’s CEO, Brad Garlinghouse, confirmed the milestone on social media platform X (formerly Twitter), emphasizing that exchange and partner listings for the stablecoin will soon go live.
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December 11, 2024
Dogecoin 2025: Beyond Memes to Serious Crypto Contender

Dogecoin, once a meme-inspired cryptocurrency, has evolved significantly since its inception. As 2025 approaches, new technologies and financial systems are propelling Dogecoin beyond its original playful nature, raising interest in its future potential.
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December 11, 2024
Ripple (XRP) Remains Attractive Despite Market Cap Debate

Cryptocurrency analysts are challenging traditional perspectives on Ripple (XRP), arguing that its market capitalization is not a limiting factor for its future value. Instead, they propose viewing XRP as a commodity, akin to oil, rather than a security. This approach shifts focus to utility, supply dynamics, and market demand to evaluate the token’s potential.
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December 10, 2024
Rupee Marginally Weakens to PKR 278.05 Against Dollar

Karachi, December 10, 2024 – The Pakistani rupee witnessed a slight decline on Tuesday, depreciating by 7 paisas to close at PKR 278.05 against the US dollar in the interbank market. This marginal drop follows the rupee’s closing at PKR 277.98 a day earlier.
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December 10, 2024
SBP Directs Banks for Free Mobile Phone Transaction Alerts

Karachi, December 10, 2024 – The State Bank of Pakistan (SBP) has issued new directives mandating banks to provide free transaction alerts to customers using digital banking services. The initiative aims to enhance the security and transparency of financial transactions conducted through mobile and internet banking platforms.
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December 10, 2024
Is Ripple (XRP) Set for Quantum Leap in 2025?

Predicting the future trajectory of cryptocurrencies is inherently complex, but financial analysts speculate that Ripple (XRP) may experience significant value appreciation by 2025 if it successfully integrates quantum resistance into its infrastructure.
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December 10, 2024
Dogecoin (DOGE) Defies Odds with Stellar Annual Performance

Dogecoin (DOGE), the popular meme cryptocurrency, has demonstrated remarkable growth over the past year, solidifying its place in the digital asset market. Originally created as a joke, DOGE has continued to defy expectations, fueled by a loyal community and increasing adoption.
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December 10, 2024
SBP Reports 34% Growth in Home Remittances for 5MFY25

Karachi, December 9, 2024 – The State Bank of Pakistan (SBP) announced on Monday that home remittances have experienced a robust growth of 34% during the first five months (July–November) of the fiscal year 2024-25. This surge reflects the resilience of overseas Pakistanis in contributing to the national economy.
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December 9, 2024