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Pakistan has unveiled an ambitious plan to repurpose 2,000 megawatts of surplus electricity to fuel the country’s burgeoning Bitcoin mining and artificial intelligence (AI) industries — a move aimed at transforming the nation's digital landscape and attracting foreign investment.
The initiative, announced on May 25 and backed by the Ministry of Finance, is being driven by the Pakistan Crypto Council as part of a national digital transformation strategy. In its initial phase, the government will direct excess energy toward powering crypto mining operations and AI data centers. Finance Minister Muhammad Aurangzeb expressed optimism that the decision will not only bring in billions of dollars in foreign capital but also create high-skilled job opportunities across Pakistan.
In its second stage, the project will incorporate renewable energy sources into mining infrastructure, signaling a shift toward sustainability. The move reflects a growing awareness of the environmental implications of Bitcoin mining and the importance of aligning innovation with responsible energy use.
The announcement has already begun to draw attention from international players. According to officials, several foreign delegations have visited Pakistan recently to assess opportunities in the local crypto and AI markets. To further encourage participation, the Finance Ministry has introduced a series of incentives, including tax breaks for AI development hubs and duty exemptions for crypto mining operations.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, praised the initiative as a pivotal moment for the country’s digital economy. He emphasized that a clear regulatory roadmap could position Pakistan as a competitive player in the global tech landscape.
Saqib first introduced the concept of leveraging the country’s unused energy for Bitcoin mining during a March 21 meeting attended by lawmakers, central bank officials, and tech regulators.
In a parallel move to bolster digital asset regulation, the Ministry of Finance approved the formation of the Pakistan Digital Assets Authority (PDAA) on May 21. This new regulatory body will oversee the licensing of crypto exchanges, custodial services, wallets, and DeFi applications. It will also manage the tokenization of government assets and debt instruments and help monetize the country’s power surplus through regulated crypto mining.
Pakistan’s growing interest in digital finance is reflected in global rankings. The country placed ninth in Chainalysis' 2024 Global Crypto Adoption Index, driven largely by retail activity and high transaction volumes on centralized platforms. Statista estimates that Pakistan’s crypto user base will exceed 27 million by 2025 — a significant figure in a nation of roughly 247 million people.
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