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.

  • Dogecoin Rallies 30% Amid Market Optimism

    Dogecoin Rallies 30% Amid Market Optimism

    Dogecoin (DOGE) has surged nearly 30% today, with trading volume rocketing, reflecting increased confidence among investors in the cryptocurrency market. This significant rally has not only propelled Dogecoin but also spurred growth in the broader meme coin space, igniting renewed optimism for digital assets among traders.

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  • Abhi, TPL Corp Secure SBP Approval for FINCA Bank Acquisition

    Abhi, TPL Corp Secure SBP Approval for FINCA Bank Acquisition

    Karachi, November 12, 2024 – In a significant development for Pakistan’s financial sector, Abhi Private Limited and TPL Corp Limited have received approval from the State Bank of Pakistan (SBP) to jointly acquire FINCA Microfinance Bank Limited.

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  • Rupee Extends Losses, Closes at PKR 277.93 Against Dollar

    Rupee Extends Losses, Closes at PKR 277.93 Against Dollar

    Karachi, November 12, 2024 – The Pakistani rupee experienced further depreciation against the US dollar on Tuesday, closing at PKR 277.93 in the interbank market. This marks a second consecutive day of losses, with the rupee slipping by 7 paisas from the prior day’s close of PKR 277.86. The currency’s weakening trajectory reflects sustained demand for dollars as businesses resume financial transactions following the weekend.

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  • Bitcoin Nears $90,000 Amid Hopes for US Crypto-Friendly Policies

    Bitcoin Nears $90,000 Amid Hopes for US Crypto-Friendly Policies

    Bitcoin surged close to $90,000 on Tuesday, buoyed by expectations of a crypto-friendly shift in US government policy following Donald Trump’s recent presidential victory. Cryptocurrency investors anticipate favorable regulations and broader support for digital assets under the new administration, which has sparked a wave of optimism across the crypto market.

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  • Rupee Drops 12 Paisas Against Dollar as Week Begins

    Rupee Drops 12 Paisas Against Dollar as Week Begins

    Karachi, November 11, 2024 – The Pakistani rupee slipped by 12 paisas against the US dollar on Monday, closing at PKR 277.86 in the interbank foreign exchange market, down from Friday’s closing of PKR 277.74. This slight depreciation was primarily attributed to increased demand for the dollar to meet import and corporate payment obligations at the start of the week.

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  • Bitcoin Hits $81K on Optimism Over Pro-Crypto Shifts

    Bitcoin Hits $81K on Optimism Over Pro-Crypto Shifts

    November 11, 2024 – Bitcoin surged to an all-time high above $81,000 on Monday, driven by a wave of optimism that cryptocurrencies are poised for significant growth under a favorable regulatory climate following Donald Trump’s election as U.S. president and the success of pro-crypto candidates in Congress.

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  • Rupee Expected to Stay Stable in Week Starting November 11

    Rupee Expected to Stay Stable in Week Starting November 11

    The Pakistani rupee is expected to stay stable against the U.S. dollar next week, starting November 11, 2024, as it benefits from a steady increase in remittance inflows and foreign exchange reserves, currency dealers say.

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  • SBP Ordered to Disclose Dual-Nationality Employee Details

    SBP Ordered to Disclose Dual-Nationality Employee Details

    Islamabad, November 10, 2024 – The Pakistan Information Commission (PIC) has directed the State Bank of Pakistan (SBP) to provide a list of employees holding dual nationality or married to foreign nationals within ten days. This directive, issued under the Right to Access to Information Act 2017, is part of a case initiated by petitioner Azmat Khan, who requested transparency on dual-nationality holders within the SBP.

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  • Rupee Recovers 21 Paisas to Dollar Amid Growing Remittances

    Rupee Recovers 21 Paisas to Dollar Amid Growing Remittances

    Karachi, November 8, 2024 – The Pakistani Rupee showed resilience on Friday, recovering 21 paisas against the US dollar, bolstered by a robust increase in foreign remittances.

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  • SBP Stresses Urgent Need for Climate Resilience Financing

    SBP Stresses Urgent Need for Climate Resilience Financing

    In a call to action for the financial sector to embrace sustainability, the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, underscored the critical need to bolster credit allocation for climate-resilient projects and promote environmentally sustainable growth. Speaking at the event “Enabling Green Financing and Green Bonds via Credit Enhancement Solutions,” hosted by InfraZamin Pakistan, the Governor emphasized the growing importance of aligning Pakistan’s financial sector with global shifts toward sustainability.

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