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🚨 BREAKING: #Pakistan Proposes Major Changes to #SBP Act for Crypto and Leadership Eligibility 🔶 Amendments to the SBP Act The Government of Pakistan has introduced proposed changes to the State Bank of Pakistan (SBP) Act that would allow dual nationals to hold positions as governor or deputy governor and could pave the way for Bitcoin and other digital currencies to be recognized as legal tender. 🔶 Dual National Eligibility for Top SBP Positions If approved, these amendments would allow dual nationals to serve as the central bank's governor or deputy governor, expanding the pool of candidates for these key roles. This move is intended to bring in a broader range of expertise to the SBP. 🔶 Legalization of Digital Currencies A groundbreaking provision would legalize digital currencies, including #Bitcoin , potentially recognizing them as legal tender in Pakistan. This would mark a major policy shift, positioning Pakistan as a more progressive player in the global financial landscape. 🔶 Approval Process and Next Steps The amendments have been vetted by the Ministry of Law and will soon be presented to the federal cabinet. Upon cabinet approval, they will proceed to Parliament for final endorsement. Implications If passed, these changes could attract foreign investment, foster innovation, and potentially open new economic opportunities within Pakistan’s financial sector. This marks a significant step toward a modernized and inclusive approach to financial regulation in Pakistan.
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Latest Swing State Odds (% chance of winning) 🟥 Arizona • Trump 76% - Harris 24% 🟥 Georgia • Trump 64% - Harris 36% 🟥 Nevada • Trump 59% - Harris 41% 🟥 Pennsylvania • Trump 54% - Harris 46% 🟦 Wisconsin • Harris 58% - Trump 42% 🟦 Michigan • Harris 59% - Trump 41% #USElections2024Countdown
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If we go into the jungle, the animals will rip us apart, calling us humans.
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My Official #Election2024 Prediction: 🔴 Trump - 297 🔵 Harris - 241 I said Trump in 2016. I said Biden in 2020. Didn’t miss a state 4 years ago. My map: #USElections2024Countdown
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Federal Government Spending Surge: Alarming Trends in Q3 2024 🔶 Sharp Increase in Government Spending Federal government spending rose by 9.7% in Q3 2024 compared to the previous quarter, marking the largest increase since Q1 2021. This increase pushed government expenditures to a record $5.04 trillion. 🔶 Defense Expenditures Lead the Surge The surge in spending was fueled primarily by a 14.9% increase in defense expenditures, the largest jump in over two decades. Defense has become a major driver of recent government spending growth. 🔶 Long-Term Trend: Expenditures Up 30% Since 2020 Since 2020, government expenditures have increased by 30%. This trend reflects sustained fiscal expansion, with spending becoming a significant contributor to GDP growth. 🔶 Nine Consecutive Quarters of Contribution to GDP Growth Federal spending has bolstered GDP growth for nine straight quarters, with Q3 2024 seeing the largest contribution in the past year. The government’s role in economic expansion has intensified, raising questions about sustainability. 🔶 Spending at Crisis Levels The rise in government spending has led to a substantial fiscal deficit, with the U.S. budget deficit reaching $1.833 trillion for fiscal 2024—the third-largest in history. Additionally, interest payments on the national debt are set to exceed $1 trillion, surpassing even military spending. Conclusion With spending reaching unprecedented levels, the need for fiscal management is critical to ensure long-term economic stability.
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