Moreover, as per the live rates provided on the Binance website, the Bitcoin to US dollar rate today is $98,760.09 as of 10:31 AM PST. Bitcoin has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favorable policies for cryptocurrencies. It is […]
Bitcoin has jumped more than double in value this year and is up about 40% in the two weeks since Trump was elected as the next president of the US. Bitcoin to US Dollar Rate Today According to the Binance website’s live rates, the value of Bitcoin stands at $98,960.95 till 11:00 am PST. Bitcoin […]
The data showed that the inflows of remittances during October were recorded at US$ 204 million as compared to US$ 168 million in September and US$ 165 million in August 2024, according to the latest data released by the State Bank of Pakistan (SBP). These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis […]
Pakistan’s current account has posted a surplus for the third consecutive month driven by robust growth in remittances and exports. The current account posted a deficit of $287 million in October 2023, the SBP reported. In the first four months of the previous fiscal year, the current account deficit stood at $1.528 billion, highlighting a […]
The decision was taken in a Monetary Policy Committee (MPC) meeting of the central bank chaired by SBP Governor Jameel Ahmad. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee noted that inflation has declined […]
The bullish trend carried the Index to a historic high which closed at 91,938 points, gaining 1078 more points. The Index gained 1300 points at a time in trading and crossed 92,000 points level. The analysts said that the expected cut in the interest rate and better economic indicators have boosted the investors’ confidence. The […]
The State Bank of Pakistan (SBP) in a press statement stated that its Monetary Policy Committee (MPC) will meet today, to decide on the Monetary Policy. The MPC will review the overall economic and financial situation, major indicators, data of different sectors, and major developments taken place since the announcement of the previous monetary policy. […]
According to sources, the FBR’s failure to meet its tax targets has resulted in a major shortfall, that may lead to difficulties in the second installment of the loan. Sources revealed that the IMF has also expressed its concerns over the FBR’s inability to meet its tax targets, whereas the mini-budget is seen as a […]
As per details, APTMA Chairman Kamran Arshad has urged the Monetary Policy Committee to reduce interest rates by 400 basis points, stating that the high interest rate is a barrier to growth in the textile sector. Kamran Arshad highlighted that the effective interest rate of 10.6% is unsustainable for the industry, and urged the need […]
He acknowledged the Bank’s role as a reliable partner in Pakistan’s progress and appreciated its financing in various sectors including energy, transportation, education, and health. Muhammad Aurangzeb lauded the Bank’s investment in the Mohmand Dam, along with other members of the Arab Coordination Group, as a model for co-financing similar or larger projects in the […]
