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Ali1234Researcher
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    Pakistan's relationship with cryptocurrency is a complex and evolving one, with signs of both significant adoption and ongoing regulatory challenges. The analogy of a "crypto balloon flying too close to the sun" might be apt, given the enthusiasm for crypto in the country juxtaposed with the inherenRead more

    Pakistan’s relationship with cryptocurrency is a complex and evolving one, with signs of both significant adoption and ongoing regulatory challenges. The analogy of a “crypto balloon flying too close to the sun” might be apt, given the enthusiasm for crypto in the country juxtaposed with the inherent risks and the government’s cautious, often contradictory, stance.

    Here’s a breakdown of the situation:

    High Adoption Despite Ambiguity:

    • Significant User Base: Pakistan has a remarkably high rate of crypto adoption, ranking among the top countries globally. Reports indicate millions of users, with some estimates suggesting over 20 million, making it a significant player in the crypto space.
    • Economic Drivers: This adoption is often driven by a desire to hedge against inflation and currency depreciation, as well as the convenience of faster and cheaper transactions for freelancers and remittances. Many Pakistanis use stablecoins to protect their finances.
    • Peer-to-Peer Trading: A substantial portion of crypto activity in Pakistan occurs through peer-to-peer (P2P) transactions, which makes it harder for authorities to track and regulate.

    The Evolving Regulatory Landscape – A Mixed Signal:

    • Historical Ban & Caution: For years, the State Bank of Pakistan (SBP) and the Ministry of Finance have maintained that cryptocurrency is not legal tender and have advised the public against trading it, citing risks like high volatility, fraud, money laundering, and terrorism financing.
    • Recent Shift Towards Regulation: Despite the official ban, there’s a clear shift in government attitude.
      • Pakistan Crypto Council (PCC): The Ministry of Finance recently endorsed the creation of the Pakistan Digital Assets Authority (PDAA) and the Pakistan Crypto Council (PCC). These bodies are tasked with exploring regulatory frameworks, tokenizing national assets, facilitating Bitcoin mining using surplus electricity, and fostering blockchain innovation.
      • “Regulate, not ban”: There’s a growing sentiment within government and industry that outright prohibition is not effective and that regulation is necessary to protect consumers, attract investment, and harness the potential of this technology.
      • Strategic Bitcoin Reserve: The CEO of the PCC has even announced the creation of a national Bitcoin wallet to hold digital assets as a sovereign reserve, signaling a long-term commitment.

    Risks and Challenges (The “Too Close to the Sun” Part):

    • Lack of Legal Clarity: The biggest challenge remains the ambiguous legal status of cryptocurrencies. While there are initiatives to regulate, a formal legal framework is yet to receive parliamentary approval. This creates confusion and leaves users vulnerable.
    • Regulatory Contradictions: There are conflicting signals from different government bodies. The SBP and Ministry of Finance still reiterate the illegality of crypto transactions, even as the Crypto Council pushes for regulation and explores initiatives like Bitcoin mining.
    • Consumer Protection: Without robust regulation, investors lack legal protection and recourse in cases of fraud, hacking, or exchange failures.
    • Financial Stability and Capital Flight: Concerns about potential capital flight and impact on financial stability persist, especially given Pakistan’s economic challenges.
    • AML/CFT Concerns: While Pakistan has made strides in meeting FATF recommendations, the anonymous nature of some crypto transactions raises ongoing concerns about money laundering and terrorism financing.
    • Shariah Compliance: For a country with a significant Islamic finance sector, Shariah compliance is a key consideration. The speculative nature of cryptocurrencies can be a challenge for Islamic finance principles.
    • Infrastructure and Awareness: Challenges also include a lack of public awareness, prevalence of scams, and limited technical infrastructure.

    Conclusion:

    Pakistan’s crypto balloon is undoubtedly flying high, fueled by strong public interest and a recognition of the technology’s potential. However, it’s also navigating a turbulent regulatory atmosphere. The “too close to the sun” analogy highlights the inherent risks of this high-flying adoption without a clear, comprehensive, and consistent regulatory framework.

    The current move towards regulation, particularly with the establishment of the PDAA and PCC, suggests a more pragmatic approach from the government. If successful, this could help mitigate the risks and allow Pakistan to harness the benefits of digital assets. However, until a robust and unified legal framework is firmly in place, the journey remains fraught with uncertainty for crypto users and businesses in the country.

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Ali1234Researcher
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    In Pakistan, the election for President is typically held within 30 days of the general elections for the National Assembly and Provincial Assemblies. The most recent presidential election was held on March 9, 2024, following the general elections on February 8, 2024.

    In Pakistan, the election for President is typically held within 30 days of the general elections for the National Assembly and Provincial Assemblies.
    The most recent presidential election was held on March 9, 2024, following the general elections on February 8, 2024.

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    Prime Minister Shehbaz Sharif has recently decided to abolish the Rs35 PTV fee that is currently charged to domestic and industrial electricity consumers through their electricity bills in Pakistan. This decision comes as part of the government's efforts to provide relief to the public and eliminateRead more

    Prime Minister Shehbaz Sharif has recently decided to abolish the Rs35 PTV fee that is currently charged to domestic and industrial electricity consumers through their electricity bills in Pakistan.
    This decision comes as part of the government’s efforts to provide relief to the public and eliminate unnecessary surcharges. The PTV fee has been collected for decades, generating approximately Rs1.5 billion monthly from around 42.6 million consumers.
    While the decision has been made, an official announcement from the federal government is expected soon, and details regarding the implementation timeline are likely to be announced in the coming days. This move signifies a potential shift in how Pakistan Television Corporation (PTV) will be financed in the future.

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    As of Friday, June 28, 2025, the gold price in Pakistan for 24-karat gold per tola is fluctuating between Rs. 347,913 and Rs. 356,800. Please note that gold prices can change multiple times a day due to market fluctuations. It's always best to check a local jeweller or a reliable financial news sourRead more

    As of Friday, June 28, 2025, the gold price in Pakistan for 24-karat gold per tola is fluctuating between Rs. 347,913 and Rs. 356,800.
    Please note that gold prices can change multiple times a day due to market fluctuations. It’s always best to check a local jeweller or a reliable financial news source for the most up-to-the-minute rates.

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Ali1234Researcher
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    Despite facing significant political and legal challenges, including his arrest, convictions, and being barred from holding public office, Imran Khan continues to command substantial support in Pakistan. Here's a summary of his standing: * Enduring Popularity: Even from prison, Khan retains a strongRead more

    Despite facing significant political and legal challenges, including his arrest, convictions, and being barred from holding public office, Imran Khan continues to command substantial support in Pakistan.
    Here’s a summary of his standing:
    * Enduring Popularity: Even from prison, Khan retains a strong following, particularly among young people. Surveys have consistently shown his approval ratings to be high, often leading other political figures. His party, Pakistan Tehreek-e-Insaf (PTI), managed to secure a significant number of seats in the February 2024 elections, with PTI-aligned independent candidates winning the most seats, despite alleged efforts to suppress their campaign.
    * Political Challenges: Khan was removed from the Prime Minister’s office in April 2022 through a no-confidence vote. Since then, he has faced numerous legal cases, leading to convictions and jail sentences on charges ranging from corruption to misuse of power and leaking state secrets. He and his party maintain these charges are politically motivated.
    * PTI’s Resilience: Despite a crackdown on PTI leaders and workers, and the party being effectively banned from using its traditional election symbol, its supporters showed remarkable ingenuity in campaigning, including using AI-generated speeches of Khan. The PTI-backed independents performed strongly in the 2024 elections, demonstrating the continued public support for Khan’s political narrative.
    * Ongoing Struggle: Khan and the PTI continue to allege electoral manipulation and demand his release. His incarceration remains a central point of political discourse and a source of ongoing tensions in Pakistan.
    In essence, while Imran Khan’s political career has been severely impacted by legal and institutional actions, his popular appeal among a significant segment of the Pakistani population appears to remain robust.

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    The constitutional procedure for appointing a new Chief Election Commissioner (CEC) in Pakistan is outlined in Article 213 of the Constitution, significantly amended by the 18th Constitutional Amendment in 2010 and further by the 26th Amendment in October 2024. Here's a breakdown of the process: * ERead more

    The constitutional procedure for appointing a new Chief Election Commissioner (CEC) in Pakistan is outlined in Article 213 of the Constitution, significantly amended by the 18th Constitutional Amendment in 2010 and further by the 26th Amendment in October 2024.
    Here’s a breakdown of the process:
    * Eligibility:
    * A person can be appointed as CEC if they have been a Judge of the Supreme Court or a senior civil servant, or are a technocrat.
    * The age limit for the CEC is 68 years.
    * Initiation of the Process:
    * The Prime Minister, in consultation with the Leader of the Opposition in the National Assembly, forwards three names for the appointment of the CEC to a Parliamentary Committee.
    * If there is no consensus between the Prime Minister and the Leader of the Opposition, each of them will send a separate list of three names to the Parliamentary Committee for consideration.
    * Parliamentary Committee:
    * A Parliamentary Committee is constituted by the Speaker of the National Assembly.
    * This committee comprises 12 Members of Parliament, with half nominated by the government and half by the opposition, based on their strength in the Parliament. At least four members must be from the Senate.
    * The committee holds hearings to consider the nominated candidates.
    * Selection and Recommendation:
    * The Parliamentary Committee makes its selection by a simple majority vote.
    * The name of the agreed-upon candidate is then forwarded to the President.
    * Presidential Appointment:
    * The President of Pakistan formally appoints the Chief Election Commissioner based on the recommendation of the Parliamentary Committee.
    Key Amendments and Considerations:
    * 18th Amendment (2010): This amendment introduced the crucial bipartisan consensus mechanism, requiring consultation between the Prime Minister and the Leader of the Opposition, and the involvement of a Parliamentary Committee. Prior to this, the President had sole discretion.
    * 26th Amendment (October 2024): This amendment allowed the outgoing CEC and ECP members to continue holding their positions until their successors are selected and notified. Previously, they would retire upon completing their term.
    * Deadline: While Article 215(4) of the Constitution stipulates that the appointment must be completed within 45 days, this deadline has sometimes been missed in practice.
    * Role of Opposition: The process emphasizes a bipartisan approach, requiring significant input from both the government and the opposition to ensure the independence and credibility of the Election Commission.

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    June in Pakistan is characterized by very hot temperatures and high humidity, marking the peak of summer and the onset of the monsoon season. Here's a general overview: * Temperatures: * Expect daytime maximum temperatures to average around 36°C (97°F) across the country. * However, in plains areasRead more

    June in Pakistan is characterized by very hot temperatures and high humidity, marking the peak of summer and the onset of the monsoon season.
    Here’s a general overview:
    * Temperatures:
    * Expect daytime maximum temperatures to average around 36°C (97°F) across the country.
    * However, in plains areas and southern regions like Multan, Peshawar, Lahore, and parts of Balochistan and Sindh, temperatures can be significantly higher, reaching 40-42°C (104-108°F), and even exceeding 49°C (120°F) in some extreme cases.
    * Nighttime minimum temperatures typically hover around 22-27°C (72-81°F).
    * There is an ongoing heat wave affecting the Indian subcontinent, including Pakistan, with temperatures 5-8°C above seasonal norms.
    * Sunshine:
    * Pakistan generally experiences a lot of sunshine in June, with an average of 10 hours of bright sunshine per day.
    * Rainfall:
    * June is the start of the southwest monsoon period in much of Pakistan, bringing some relief from the scorching heat.
    * On average, there are about 8 days with some rainfall in June, with an average monthly rainfall of around 78 mm (3 inches).
    * Monsoon rains can be quite heavy and may lead to flooding, especially if they interact with westerly waves in the upper parts of the country.
    * Heat and Humidity:
    * The heat and humidity levels are classified as “Very High”.
    * The UV index will be extreme (11+), requiring strong sun protection.
    * Regional Variations:
    * Northern areas (e.g., Chitral, Gilgit-Baltistan, Hunza) will be comparatively cooler, with temperatures in Hunza averaging around 5°C (42°F) with highs of 10°C (50°F) in June. However, even these areas may experience temperatures 5-7°C above normal in June 2025.
    * Southern regions (e.g., Sindh, southern Balochistan) will experience the most extreme heat.
    In summary, if you are in Pakistan during June 2025, be prepared for extremely hot and humid conditions, with the possibility of significant rainfall, especially later in the month as the monsoon progresses. Stay hydrated and take precautions against the high heat and UV index.

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    In the context of the United States, the "supreme law of the land" is the U.S. Constitution. This is explicitly stated in Article VI, Clause 2 of the U.S. Constitution, known as the Supremacy Clause. It declares that the Constitution, all laws made in accordance with it, and all treaties made underRead more

    In the context of the United States, the “supreme law of the land” is the U.S. Constitution.
    This is explicitly stated in Article VI, Clause 2 of the U.S. Constitution, known as the Supremacy Clause. It declares that the Constitution, all laws made in accordance with it, and all treaties made under the authority of the United States are the “supreme Law of the Land,” and that judges in every state are bound by them, regardless of any conflicting state laws or constitutions.
    This principle establishes a clear hierarchy of laws, ensuring that federal law, when constitutional, takes precedence over state and local laws.

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