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.
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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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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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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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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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.
(more…)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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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) 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.
(more…)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.
(more…)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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