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 State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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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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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.
(more…)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).
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