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, January 21, 2025 – The Pakistani rupee weakened to PKR 278.82 against the US dollar on Tuesday, driven by heightened foreign payment demand for the greenback.
(more…)Karachi, January 20, 2025 – The Pakistani rupee strengthened against the US dollar on Monday, appreciating by 6 paisas in the interbank market.
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Karachi, January 20, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil the first Monetary Policy Announcement of 2025 on January 27.
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The cryptocurrency market has been set abuzz as Binance and Coinbase, two of the world’s leading crypto exchanges, have confirmed their plans to list the much-hyped TRUMP memecoin.
(more…)Karachi, January 19, 2025 – The Pakistani rupee is forecasted to remain stable in the upcoming week, beginning January 20, 2025, supported by steady inflows from remittances and exports. Analysts believe the local currency is benefiting from improved economic fundamentals and growing confidence in Pakistan’s financial outlook.
(more…)Washington, January 19, 2025 – President-elect Donald Trump has taken the cryptocurrency world by storm with the launch of his own digital currency, $TRUMP, on Friday. The announcement caused a frenzy among crypto enthusiasts, sending its market capitalization soaring to an estimated $6 billion within hours.
(more…)Karachi, January 17, 2025 – The Pakistani rupee appreciated by 15 paisas against the US dollar on Friday, marking a notable recovery, driven by the country’s rising foreign exchange reserves and a substantial surplus in the current account.
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Karachi, January 17, 2025 – In a major development for Pakistan’s banking sector, the Federal Board of Revenue (FBR) has announced a reduction in the corporate tax rate for banks to 43%, down from the previous 44%. This revised tax rate will take effect for the tax year 2026, commencing on January 1, 2025.
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Over the weekend, while most cryptocurrencies remained relatively stagnant, Ripple XRP surged over 6%, making a strong statement in the digital asset market.
(more…)Karachi, January 16, 2025 – The Pakistani rupee continued its downward trend against the US dollar on Thursday, closing at PKR 278.86 in the interbank foreign exchange market.
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