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, November 29, 2024 – The Pakistani rupee weakened marginally by one paisa against the US dollar, closing at PKR 278.05 in the interbank market on Friday. A day earlier, the rupee stood at PKR 278.04 per dollar.
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As meme coins continue to dominate the crypto market, one coin stands out among the rest — Dogecoin (DOGE). Created in 2013 as a playful nod to internet culture, Dogecoin has now become the most popular and talked-about meme coin in the world.
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Ripple (XRP) token has become a focal point amidst significant volatility triggered by recent regulatory developments. With a new administration poised to take charge in the United States, many investors are speculating whether this shift could drive XRP beyond the $3 mark.
(more…)Karachi, November 28, 2024 – The Pakistani rupee registered a slight decline on Thursday, ending at PKR 278.04 against the US dollar in the interbank foreign exchange market, a modest drop of 8 paisas compared to the previous day’s closing of PKR 277.96.
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Karachi, November 28, 2024 – The State Bank of Pakistan (SBP) has announced that branches of designated banks will remain operational over the weekend to facilitate the submission of Hajj applications for 2025. This special arrangement, requested by the Ministry of Religious Affairs and Interfaith Harmony, ensures greater convenience for intending pilgrims.
(more…)Dogecoin, the meme-based cryptocurrency, has witnessed an impressive over 300% rise in 2023, yet analysts suggest the best may still be ahead. A detailed technical analysis indicates that Dogecoin remains in the early stages of its current cycle, with a distinctive triangle pattern on its long-term chart signaling potential for parabolic price increases.
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Karachi, November 27, 2024 – Credit offtake by the private sector from Pakistan’s banking system witnessed a remarkable surge, reaching Rs 880 billion during the first four and a half months of the current fiscal year, spanning July 1 to November 15, according to data released by the State Bank of Pakistan (SBP).
(more…)Karachi, November 27, 2024 – The Pakistani rupee slipped by 12 paisas on Wednesday, closing at PKR 277.96 against the US dollar, down from the previous day’s rate of PKR 277.84 in the interbank market. This slight depreciation comes amid a rebound in international oil prices, which continues to exert pressure on Pakistan’s economy.
(more…)Karachi, November 26, 2024 – The Pakistani rupee on Tuesday ended down to PKR 277.84 against the US dollar in interbank foreign exchange market. The rupee fell by nine paisas from previous day’s closing of PKR 277.75 in the interbank foreign exchange market.
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Karachi, November 26, 2024 – The State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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