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.

Dynamics of Dogecoin (DOGE) Price Changes in USD

Dogecoin (DOGE), a popular cryptocurrency initially created as a joke, has shown significant price fluctuations in recent times. Over the past week, month, and year, the value of 1 DOGE in United States Dollars (USD) has demonstrated notable upward momentum, reflecting increased interest and investment in the token.
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November 23, 2024
Dogecoin (DOGE) Poised for Big Gains: Could It Cross $1?

The cryptocurrency market is abuzz this November, with traders keeping a close eye on Dogecoin (DOGE) and emerging player Yeti Ouro (YETIO). Dogecoin, the original meme coin, continues to show significant growth potential, with predictions suggesting it could leap from its current price of $0.40 to the much-anticipated $1 mark.
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November 23, 2024
How Will Pakistan Banks Escape the ADR Tax?

With tax obligations tied to the advance-to-deposit ratio (ADR) on the horizon, banks in Pakistan are under pressure to lower deposits and boost lending as 2024 draws to a close. Analysts estimate that banks need to issue an additional Rs 1.85 trillion in loans or reduce deposits by Rs 3.6 trillion during the final months of the year to avoid this taxation.
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November 23, 2024
Pakistan Releases Rs 55 Coin for Guru Nanak Anniversary

Islamabad, November 22, 2024 – The State Bank of Pakistan (SBP) announced the release of a commemorative Rs. 55 coin to mark the 555th Jayanti of Baba Guru Nanak Dev Ji, the revered founder of Sikhism. The issuance reflects Pakistan’s commitment to honoring the legacy of religious figures and promoting interfaith harmony.
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November 22, 2024
SBP Revises Shariah Governance Framework for Islamic Banks

Karachi, November 22, 2024 – The State Bank of Pakistan (SBP) has revised the Shariah Governance Framework for Islamic Banking Institutions to align it with international best practices.
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November 22, 2024
Rupee Strengthens to PKR 277.76 Against Dollar

Karachi, November 22, 2024 – The Pakistani rupee on Friday gained 20 paisas against the US dollar at closing of interbank foreign exchange market. The rupee ended at PKR 277.76 to the dollar from previous day’s closing of PKR 277.96.
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November 22, 2024
Dollar Update: Rupee Gains 16 Paisas in Intraday Trading

Karachi, November 22, 2024 – The Pakistani rupee appreciated by 16 paisas against the US dollar during intraday trading on Friday. The dollar is currently trading at PKR 277.80, down from the previous day’s closing of PKR 277.96 in the interbank foreign exchange market.
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November 22, 2024
Rupee Gains 8 Paisas Against Dollar After Three Days of Losses

Karachi, November 21, 2024 – After three consecutive days of losses, the Pakistani rupee regained 8 paisas against the US dollar on Thursday, closing at PKR 277.96 in the interbank market compared to the previous day’s rate of PKR 278.04.
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November 21, 2024
Rupee Declines Further Against Dollar, Closes at PKR 278.04

Karachi, November 20, 2024 – The Pakistani rupee extended its downward trend on Wednesday, closing at PKR 278.04 against the US dollar in the interbank market, marking a 9-paisa depreciation from the previous day’s closing.
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November 20, 2024
CDNS Raises Rs. 550 Billion Through Fresh Bonds Issuance

Islamabad, November 20, 2024 – The Central Directorate of National Savings (CDNS) has raised Rs. 550 billion through the issuance of fresh bonds, achieving 15% of its annual target for the current fiscal year 2024-25, from July 1 to November 15.
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November 20, 2024