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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.

  • Ripple Set to Launch RLUSD Stablecoin Amid Bullish Sentiment

    Ripple Set to Launch RLUSD Stablecoin Amid Bullish Sentiment

    Ripple (XRP) announced on Monday that its USD-backed stablecoin, RLUSD, is set to officially launch globally on Tuesday. The stablecoin will initially be available on platforms such as MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, with plans to expand to other exchanges in the coming weeks.

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  • Dogecoin Shows Strong Growth Over the Past 30 Days

    Dogecoin Shows Strong Growth Over the Past 30 Days

    Dogecoin (DOGE) has demonstrated a solid upward trend over the last month and year, showcasing its growing presence and resilience in the cryptocurrency market. Despite minor short-term fluctuations, Dogecoin’s 30-day price increase of +$0.04 (9.82%) and an impressive yearly surge of +$0.31 (77.05%) highlight the asset’s strong performance.

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  • CDNS Announces 100th Draw of Rs 200 Prize Bonds

    CDNS Announces 100th Draw of Rs 200 Prize Bonds

    The Central Directorate of National Savings (CDNS) has announced the 100th draw for Rs 200 denomination prize bonds, held on Monday in Sialkot. This milestone event marks yet another successful effort by the CDNS to promote savings culture among Pakistanis through its prize bond schemes.

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  • SBP Slashes Benchmark Policy Rate by 200 Basis Points to 13%

    SBP Slashes Benchmark Policy Rate by 200 Basis Points to 13%

    Karachi, December 16, 2024 – The State Bank of Pakistan (SBP) announced a significant cut of 200 basis points in its benchmark policy rate, bringing it down from 15% to 13%.

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  • Rupee Stays Resilient Despite Small Decline to 278.17

    Rupee Stays Resilient Despite Small Decline to 278.17

    Karachi, December 16, 2024 – The Pakistani rupee experienced a marginal decline of 5 paisas against the US dollar on Monday, closing at PKR 278.17 in the interbank foreign exchange market compared to Friday’s closing rate of PKR 278.12. Despite this minor dip, the rupee’s overall outlook remains stable, supported by positive economic indicators.

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  • Ripple (XRP) Gains Momentum Amid Market Trends

    Ripple (XRP) Gains Momentum Amid Market Trends

    Ripple (XRP) has become one of the most trending cryptocurrency tokens, driven by a mix of market activity, regulatory shifts, and ecosystem developments. While the broader crypto market faced a sharp downturn in recent days, XRP’s performance has drawn significant attention. On Thursday, the token dropped over 12%, mirroring losses across the sector. However, XRP demonstrated resilience, rebounding slightly and maintaining its status as a top cryptocurrency to watch.

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  • Dogecoin Faces Challenges After Recent Surge

    Dogecoin Faces Challenges After Recent Surge

    After experiencing a significant surge akin to Bitcoin’s rally, Dogecoin (DOGE) encountered resistance near the $0.4850 zone. The cryptocurrency fell short of testing the $0.50 mark and subsequently entered a corrective phase. This movement resulted in multiple price swings before settling below the $0.4400 level.

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  • SBP Announces Final Policy Rate Decision for 2024

    SBP Announces Final Policy Rate Decision for 2024

    Karachi, December 15, 2024 – The State Bank of Pakistan (SBP) is set to announce its final monetary policy for the year on Monday, December 16, 2024. This SBP decision is highly anticipated, with markets forecasting a significant rate adjustment.

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  • Dogecoin Poised for Breakout with Rising Network Adoption

    Dogecoin Poised for Breakout with Rising Network Adoption

    Market sentiment surrounding Dogecoin (DOGE) has turned bullish, fueled by strong on-chain activity and technical indicators suggesting potential upward momentum. Despite a 2.68% price dip in the past 24 hours, DOGE has captured traders’ attention for forming a promising double-bottom chart pattern, a classic signal of bullish reversal.

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  • Ripple (XRP) Defies Crypto Market Decline, Shows Resilience

    Ripple (XRP) Defies Crypto Market Decline, Shows Resilience

    Ripple (XRP) has emerged as a standout performer in a turbulent crypto market, holding steady while major tokens like Bitcoin and Ethereum have experienced notable declines. Trading near the $0.50 mark, XRP’s stability has captured the attention of investors and analysts, showcasing its resilience during a period of heightened volatility in the digital asset landscape.

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