Global #Pakistan

Pakistan and El Salvador have officially cemented a groundbreaking partnership focused on cryptocurrency knowledge sharing and Bitcoin adoption.

The International Monetary Fund (IMF) has rejected Pakistan’s proposal to provide subsidized electricity rates for Bitcoin mining operations, according to local media outlet Profit.

The federal government of Pakistan is poised to make significant changes to the State Bank of Pakistan (SBP) Act, with a series of proposed amendments that aim to allow dual nationals to hold key positions within the central bank and legalize the use of digital currencies, including cryptocurrencies like Bitcoin.

Pakistan is making its intentions clear: it aims to join BRICS, the international bloc established to counter Western-dominated institutions. This move has raised concerns in India, as Pakistan's entry could further enhance China's influence within the group, potentially at India's expense.