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, November 26, 2024 – The Pakistani rupee appreciated by 5 paisas against the US dollar (USD) in early trading, reaching PKR 277.70 in the interbank foreign exchange market on Tuesday. This follows a closing rate of PKR 277.75 on November 25, 2024.
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Karachi, November 25, 2024 – The Pakistani rupee remained stable against the US dollar on Monday, despite elevated demand for the greenback due to import payments.
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Karachi, November 24, 2024 – The State Bank of Pakistan (SBP) has issued an advisory urging the general public to refrain from engaging in cryptocurrencies, emphasizing that these virtual currencies are not recognized as legal tender in Pakistan.
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Dogecoin continues to capture investor attention, with experts drawing parallels to the recent performance of XRP. A seasoned trader has suggested that Dogecoin, often perceived as a more accessible counterpart in the cryptocurrency market, could replicate XRP’s remarkable upward trajectory.
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Bitcoin (BTC) has posted a staggering 61.67% gain on an annual basis. The performance of Bitcoin has been nothing short of extraordinary.
(more…)The rupee is expected to remain stable against the dollar next week, supported by healthy foreign exchange reserves and increased remittances, according to dealers.
(more…)Dogecoin (DOGE), the popular memecoin, has experienced a remarkable surge of over 20% in the past 24 hours, reaching a price of $0.47. This significant rally follows renewed excitement in the crypto market, largely driven by recent actions from Elon Musk, which have sparked fresh optimism and speculation among meme investors, according to cryptoticker.
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Karachi, November 23, 2024 – Bank deposits held by salaried persons reached an unprecedented Rs 4.47 trillion at the end of October 2024, reflecting a significant 25% year-on-year increase from Rs 3.58 trillion in October 2023, according to data from the State Bank of Pakistan (SBP).
(more…)Bitcoin (BTC), the world’s most prominent cryptocurrency, has had an extraordinary run over the past month. On October 24, 2024, its price stood at $68,155.01. Fast forward to November 23, and Bitcoin’s value soared to $98,838.85, marking an impressive gain of $30,683.84, or a remarkable 45% increase in just 30 days. This significant surge reflects growing market activity and increasing adoption, likely fueled by institutional investments and overall positive sentiment among investors.
(more…)Dogecoin (DOGE), a popular cryptocurrency initially created as a joke, has shown significant price fluctuations in recent times. Over the past week, month, and year, the value of 1 DOGE in United States Dollars (USD) has demonstrated notable upward momentum, reflecting increased interest and investment in the token.
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