Pkrevenue.com

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.

  • SBP Reports 34% Growth in Home Remittances for 5MFY25

    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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  • Rupee Records Modest Recovery, Ends at PKR 277.98 to Dollar

    Rupee Records Modest Recovery, Ends at PKR 277.98 to Dollar

    Karachi, December 9, 2024 – The Pakistani rupee witnessed a modest recovery on Monday, appreciating by 3 paisas to close at PKR 277.98 against the US dollar in the interbank foreign exchange market. This follows its previous closing of PKR 278.01 on Friday.

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  • Govt. Weighs Tax Schemes for Banks Amid ADR Concerns

    Govt. Weighs Tax Schemes for Banks Amid ADR Concerns

    Karachi, December 9, 2024 – The government is exploring potential tax schemes for banks in light of the challenges surrounding the Asset to Deposit Ratio (ADR), which may impact tax collection from the financial sector. Prime Minister Shehbaz Sharif has formed a committee to address this pressing issue, with the objective of ensuring optimal tax revenue while maintaining a fair regulatory framework.

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  • Ripple (XRP) Shows Robust Annual Gains Amid Challenges

    Ripple (XRP) Shows Robust Annual Gains Amid Challenges

    Ripple (XRP) has demonstrated a solid performance over the past year, showing impressive growth despite recent fluctuations. The cost of 1 XRP has experienced significant changes, making it a noteworthy asset in the cryptocurrency market. As of today, December 9, 2024, 1 XRP is valued at $2.49 USD, marking a notable increase from its price one year ago.

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  • Bitcoin Rises 23% Monthly, Annual Gains Exceed 50%

    Bitcoin Rises 23% Monthly, Annual Gains Exceed 50%

    December 9, 2024 – Bitcoin (BTC), the leading cryptocurrency by market capitalization, has demonstrated impressive growth over the past year, gaining over 56% and currently trading at $99,614.63. Despite its inherent volatility, Bitcoin continues to attract investors and traders, with its price trajectory highlighting both opportunities and risks in the cryptocurrency market.

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  • Ripple (XRP) Builds Momentum, Analysts Predict 3rd Wave Surge

    Ripple (XRP) Builds Momentum, Analysts Predict 3rd Wave Surge

    Ripple (XRP) remains within a larger price structure that suggests it is currently in the third wave of a broader market cycle. Following the bottom in June 2022, XRP has completed waves 1 and 2, entering wave 3, which typically represents a significant bullish phase.

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  • Meme Coins Rally, Dogecoin Struggles for Strong Breakout

    Meme Coins Rally, Dogecoin Struggles for Strong Breakout

    Dogecoin (DOGE) is gaining momentum, edging closer to the $0.50 mark—a level it has struggled to breach for weeks. Although its latest breakout lacked the explosive force many anticipated, the meme coin’s upward trajectory continues to inspire optimism among traders and investors.

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  • Analysts Bet on 200 Basis Points Cut in Benchmark Policy Rate

    Analysts Bet on 200 Basis Points Cut in Benchmark Policy Rate

    Analysts at Arif Habib Limited are forecasting a 200 basis points (bps) reduction in the benchmark policy rate in the upcoming monetary policy meeting (MPC) set for December 16, 2024. This would mark the last policy announcement of the year by the State Bank of Pakistan (SBP). If this anticipated cut occurs, it would bring the policy rate to 13%, a level not seen since July 2022, when the rate was at 13.75%.

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  • Bitcoin Dominates: Tracking Its Rise Across 2024 Markets

    Bitcoin Dominates: Tracking Its Rise Across 2024 Markets

    Bitcoin (BTC), the world’s leading cryptocurrency, has demonstrated significant price fluctuations over the past year, month, and week. These changes underscore Bitcoin’s volatility, making it both a high-risk and potentially high-reward asset for investors.

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  • Ripple (XRP) Surge Captures Attention of Crypto Enthusiasts

    Ripple (XRP) Surge Captures Attention of Crypto Enthusiasts

    Ripple (XRP) has been making waves in the cryptocurrency world, with its price experiencing a sharp rise over the past several weeks. From surging past $0.50 to approaching $3, Ripple has gained significant momentum, outpacing Bitcoin (BTC) by over 300% in recent performance. Analysts now speculate that XRP could reach ambitious targets, including $30, as key factors drive its bullish trajectory.

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