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, December 3, 2024 – In a significant move towards strengthening its market presence, United Bank Limited (UBL) has announced that its board of directors has approved the amalgamation of Silk Bank Limited (SBL) into UBL.
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Karachi, December 3, 2024 – Banks in Pakistan witnessed significant withdrawals in October 2024, as deposits fell by Rs 226.42 billion, according to data released by the State Bank of Pakistan (SBP).
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Dogecoin (DOGE), the beloved meme coin, is struggling to sustain its bull rally as it hovers near a critical resistance level. Currently trading at $0.4132, Dogecoin has seen a 0.50% dip in daily charts but boasts an impressive 143.43% gain for the month. Despite this slowdown, Dogecoin has introduced an exciting new feature, “Super Doginals,” a blockchain-based arcade-style game, reigniting community enthusiasm.
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Ripple’s XRP extended its rally with a 25% surge on Monday, pushing its monthly gains beyond 430%. The remittance-focused token now ranks as the third-largest cryptocurrency, despite mixed bullish and bearish investor actions in recent days.
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Karachi, December 2, 2024 – The Pakistani rupee demonstrated resilience in the interbank market on Monday, recovering by 8 paisas to settle at PKR 277.97 against the US dollar. This recovery follows a previous close at PKR 278.05 on Friday and reflects easing pressures on imports and fresh inflows of foreign currency.
(more…)Dogecoin (DOGE) has resumed its bullish momentum, climbing above key resistance levels as it tracks gains seen in Bitcoin and Ethereum. The popular meme-based cryptocurrency broke past the $0.4150 barrier and advanced further, surpassing the $0.4250 and $0.4400 resistance levels. It posted a fresh high at $0.4637 before entering a consolidation phase, currently trading 5% higher than its previous levels.
(more…)The Pakistani rupee is anticipated to maintain stability against the US dollar in the short term as market participants closely monitor the State Bank of Pakistan’s (SBP) upcoming interest rate decision later this month.
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Market optimism surged for Ripple (XRP) following intensified speculation about a pro-crypto nominee for the next SEC Chair, fueled by reports after the Thanksgiving holiday. Former SEC Commissioner Paul Atkins is the leading contender to replace Gary Gensler, with betting platform Kalshi assigning him a 68% probability of taking the role. Brad Bondi, another candidate, trails with a 20% likelihood.
(more…)Dogecoin, the cryptocurrency born as an internet joke, is undergoing a profound transformation as it positions itself to lead the charge in the era of Blockchain 3.0. This revolutionary initiative promises to enhance blockchain systems by addressing key challenges such as scalability, efficiency, and environmental sustainability. Dogecoin, once a comedic symbol, is now carving a serious niche in the evolving digital economy.
(more…)Ripple (XRP) is poised for a potential price surge following a pivotal legal win. A U.S. court recently ruled in favor of Ripple, XRP II LLC, and CEO Brad Garlinghouse, dismissing key allegations in a major class-action lawsuit. This ruling reaffirms that XRP is not classified as a security, significantly bolstering Ripple’s legal position and boosting market confidence.
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