Pakistan plans to use additional electricity for bitcoin mining as a way to reduce wasted energy.
Unlike other countries, Pakistan wants to devote its surplus power to code mining.
Pakistan may create a regulatory framework to legally support Bitcoin mining.
Pakistan may be on the verge of surprising change. We will work on Bitcoin mining to solve the electricity challenges. With the surplus power growing heavily and heavily on the economy, governments are looking for ways to introduce global Bitcoin miners, turning unused energy into profits rather than waste. Is this the beginning of Pakistan’s digital revolution?
Government Eye Bitcoin Mining
The Ministry of Energy is actively considering special electricity rates for industries such as Bitcoin mining, which hopes to attract investors without relying on government subsidies.
The idea is simple. Several people need cheap electricity, and Pakistan has surplus. Filling this gap has allowed the country to turn long-standing issues in the electricity sector into economic opportunities.
The idea gained momentum at a major meeting of Minister Awais Leghari, CEO of the newly formed Pakistan Crypto Council (PCC) and Bilal Bin Saqib. The discussion revolved around how Pakistan could position its position as a global hub for cryptocurrency mining.
This was followed by an even bigger meeting, chaired by Finance Minister Muhammad Aurangzeb. The rally, attended by top officials, including the governor of the provincial bank and regulators, focused on whether Pakistan should accept crypto mining as part of its economic strategy.
How Pakistan stands out
The report suggests that Bitcoin miners spend up to 70% of their revenue on electricity. Many countries struggle to manage this demand. For example, China banned crypto mining due to environmental concerns, but Kazakhstan first accepted it before imposing a higher tax.
Meanwhile, Iran offered discounted rates, but in many cases it suspended mining at peak electricity demand.
However, Pakistan is taking a different approach. Instead of putting a burden on the national grid, the country aims to create a stable, competitive energy supply dedicated to crypto mining. This strategic move could make Pakistan a global hub for blockchain-based data centres.
If Pakistan welcomes mining companies, it could create new revenue streams while making use of excess electricity more efficiently.
Pakistan may create new cryptography rules
During the meeting, Bilal Bin Saqib shared plans to use Pakistan’s extra energy for bitcoin mining while also creating clear rules for the industry. He said the country should create policies that meet its needs and benefit people.
Planning has big promises, but success depends on execution. It is important to be clarified in regulations, complying with global financial laws, and ensuring a stable supply of electricity.
