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.

Rupee Weakens to PKR 277.84 Against Dollar in Interbank

Karachi, November 26, 2024 – The Pakistani rupee on Tuesday ended down to PKR 277.84 against the US dollar in interbank foreign exchange market. The rupee fell by nine paisas from previous day’s closing of PKR 277.75 in the interbank foreign exchange market.
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November 26, 2024
SBP Revises Guidelines on Minimum Profit Rate for Deposits

Karachi, November 26, 2024 – The State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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November 26, 2024
Dogecoin Price Dips, but $1 Target Remains

Dogecoin (DOGE) price has recently retreated from its highest level this month, entering a technical correction. The price has slipped to $0.4050, following a strong rally that lost momentum. However, many still believe Dogecoin has the potential to reach $1 this year.
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November 26, 2024
PKR to USD: Rupee Gains 5 Paisas in Early Trade

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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November 26, 2024
Rupee Ends Steady Despite High Dollar Demand for Imports

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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November 25, 2024
SBP Restricts Banks from Facilitating Crypto Transactions

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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November 24, 2024
Dogecoin Gains Momentum Amid XRP Comparison

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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November 24, 2024
Bitcoin Achieves Remarkable 61.67% Yearly Increase

Bitcoin (BTC) has posted a staggering 61.67% gain on an annual basis. The performance of Bitcoin has been nothing short of extraordinary.
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November 24, 2024
Economic Indicators Keep Rupee Resilient Against Dollar

The rupee is expected to remain stable against the dollar next week, supported by healthy foreign exchange reserves and increased remittances, according to dealers.
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November 24, 2024
Dogecoin Approaches $0.50, Eyes Next Big Milestone

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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November 24, 2024