🔸 SBP Act Amendments
The Government of 🇵🇰 Pakistan has proposed groundbreaking amendments to the State Bank of Pakistan (SBP) Act, allowing dual nationals to hold top positions as governor or deputy governor and potentially recognizing Bitcoin and other digital currencies as legal tender.
🔸 Dual Nationals Eligible for Key SBP Roles
If approved, these amendments will open doors for dual nationals to serve as SBP’s governor or deputy governor, expanding the talent pool with global expertise 🌎.
🔸 Digital Currency Legalization
The proposal could recognize digital currencies, including Bitcoin 🚀, as legal tender—positioning Pakistan as a forward-thinking player in the global financial arena 🌐.
🔸 Next Steps
These amendments, vetted by the Ministry of Law, will head to the federal cabinet for approval, followed by a final endorsement in Parliament.
💡 Implications
If passed, these changes could attract foreign investment, foster innovation, and open new economic opportunities in 🇵🇰 Pakistan’s financial sector. A progressive leap toward inclusive, modernized financial regulation!
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