Pakistan has allocated 2000 megawatts of excess electricity to power Bitcoin mining centers.
This initiative, implemented by the Pakistan Cryptocurrency Council and supported by the Ministry of Finance, aims to attract foreign investment and develop high technology.
In the first phase of the program, the government will channel excess electricity into infrastructure that supports mining cryptocurrency and the development of artificial intelligence.
Finance Minister Muhammad Aurangzeb said the new project would bring in billions of dollars in capital inflows and create additional jobs across the country.
According to him, foreign companies have already begun to explore partnership opportunities, and several delegations have visited the country in recent months.
To boost their activity, the Ministry of Finance introduced tax breaks for AI companies and abolished import duties on Bitcoin mining equipment.
The second phase of the plan includes the integration of renewable energy into the process, which will help strike a balance between technological growth and environmental concerns.
According to Chainalysis, Pakistan currently ranks ninth in the world in cryptocurrency adoption, primarily driven by retail use.
