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.

  • Bank Holiday Notice for December 25, 2024

    Bank Holiday Notice for December 25, 2024

    Karachi, December 24, 2024 – The State Bank of Pakistan (SBP) has officially issued a bank holiday notice for December 25, 2024. The announcement confirms that all banks across the country, including the central bank, will remain closed on this date in observance of two significant national and religious occasions: Quaid-e-Azam Day and Christmas.

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  • Rupee Weakens by 15 Paisas Amid Rising Dollar Demand

    Rupee Weakens by 15 Paisas Amid Rising Dollar Demand

    Karachi, December 23, 2024 – The Pakistani rupee depreciated by 15 paisas against the US dollar on Monday, as increased demand for the greenback weighed on the local currency. The rupee closed at PKR 278.57 per dollar in the interbank market, compared to last Friday’s closing of PKR 278.42 per dollar.

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  • Dogecoin Spikes After Trump Announces Key Appointment

    Dogecoin Spikes After Trump Announces Key Appointment

    The cryptocurrency Dogecoin (DOGE/USD) experienced a significant surge late Sunday night following an announcement from President-elect Donald Trump about a key appointment to the Department of Government Efficiency (DOGE). This department, overseen by billionaire Elon Musk and former presidential candidate Vivek Ramaswamy, is set to play a pivotal role in streamlining the federal government.

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  • Banks Push Rs 1.35 Trillion Loans Amid ADR Crisis

    Banks Push Rs 1.35 Trillion Loans Amid ADR Crisis

    Karachi, December 22, 2024 – Banks have extended loans to private sector amounting Rs 1.35 trillion during the period between July 1, 2024 to December 6, 2024 in desperation to meet Asset to Deposit Ratio (ADR).

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  • Rupee Anticipates Pressure Amid Year-End Dollar Demand

    Rupee Anticipates Pressure Amid Year-End Dollar Demand

    The rupee is expected to face mounting pressure next week due to heightened dollar demand for debt servicing, year-end import obligations, and other financial commitments, according to a report released.

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  • SBP Declares Bank Holiday for Quaid-e-Azam Day and Christmas

    SBP Declares Bank Holiday for Quaid-e-Azam Day and Christmas

    Karachi, December 21, 2024 – The State Bank of Pakistan (SBP) has officially declared a bank holiday on Wednesday, December 25, 2024, to observe Quaid-e-Azam Day and Christmas, in line with the public holiday declaration made by the Government of Pakistan.

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  • Ripple Whales Accumulate Amid Market Crash

    Ripple Whales Accumulate Amid Market Crash

    Ripple whales are seizing the opportunity presented by the recent market downturn, continuing to accumulate XRP and signaling potential bullish momentum. XRP’s recent performance, alongside broader market trends, reflects renewed investor interest following a period of caution. Furthermore, Ripple’s strategic developments reinforce confidence in the coin’s long-term trajectory.

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  • Dogecoin Poised for Major Rally: Analyst Predicts

    Dogecoin Poised for Major Rally: Analyst Predicts

    Dogecoin (DOGE) could be regaining its upward momentum, with a crypto analyst predicting a potential recovery. The forecast highlights that DOGE’s daily Relative Strength Index (RSI) has entered a critical rebound zone, signaling a possible price surge. This prediction is based on a previous scenario where similar RSI movements triggered significant price spikes for the meme coin.

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  • Rupee Dips 7 Paisas to Dollar Despite Forex Reserves Increase

    Rupee Dips 7 Paisas to Dollar Despite Forex Reserves Increase

    Karachi, December 20, 2024 – The Pakistani rupee registered a slight decline of 7 paisas against the US dollar on Friday, closing at PKR 278.42 in the interbank foreign exchange market, down from the previous day’s rate of PKR 278.35. This decline occurred despite an increase in the country’s foreign exchange (forex) reserves.

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  • Ripple (XRP) Displays High Volatility During the Week

    Ripple (XRP) Displays High Volatility During the Week

    Ripple (XRP) has demonstrated significant price swings over the past week, ending in a notable overall decline. Starting at $2.40 on December 14, 2024, XRP maintained relative stability through December 15, with a slight increase of +0.17%.

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