Pakistan Approves 2,000 Megawatts of Surplus Electricity for Bitcoin Mining and AI Centers
Pakistan has approved 2,000 megawatts of surplus electricity for Bitcoin mining and AI centers. The update came from local news outlet 24NewsHD TVChannel on May 25. The Pakistan Crypto Council and the Ministry of Finance are leading the project.
In the first phase, the government will direct extra electricity to support Bitcoin mining and artificial intelligence systems. Finance Minister Muhammad Aurangzeb stated this is expected to bring foreign investment and generate jobs in the tech sector.
The second phase of the plan will add renewable energy to the mining and AI operations. Officials said this would allow the country to maintain electricity balance while expanding its digital economy.
Pakistan Introduces Crypto Tax Incentives for Foreign Investors
The Ministry of Finance has announced tax incentives for Bitcoin miners and AI center operators. These include duty exemptions and other financial benefits. The plan is part of a strategy to attract foreign investment in Pakistan Bitcoin mining and Pakistan AI centers.
Several international Bitcoin and AI firms have already visited Pakistan in recent months. Officials said delegations are reviewing investment possibilities.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, welcomed the move. He said a regulated environment and access to power can help expand Pakistan’s digital economy. The idea to use surplus electricity mining was first introduced by Saqib at the Crypto Council meeting on March 21.
This meeting was attended by the State Bank of Pakistan governor, SECP chairman, and federal IT secretary. The agenda focused on using excess electricity and forming regulatory tools for AI and crypto operations.
Pakistan Digital Assets Authority to Oversee Crypto and Blockchain
On May 21, Pakistan approved the creation of the Pakistan Digital Assets Authority (PDAA). The new body will oversee blockchain and crypto operations across the country. The Ministry of Finance will support the PDAA’s development.
The PDAA will regulate exchanges, wallets, token platforms, stablecoins, and decentralized finance tools. It will also manage licensing and provide oversight for tokenized projects. These include tokenizing national assets and state-held debt.
Another task of the PDAA will be to help monetize surplus electricity mining through regulated Bitcoin operations. It will also assist startups building AI and blockchain-based platforms in Pakistan.
Crypto Adoption in Pakistan Ranks Ninth Globally
Chainalysis ranked Pakistan ninth in its 2024 Global Crypto Adoption Index. The country’s ranking was driven by high retail use and trading on centralized services.
Statista data projects the crypto user base in Pakistan to grow to over 27 million by 2025. The national population is around 247 million. This shows growing activity in the crypto and blockchain sectors, especially in Pakistan Bitcoin mining and AI investment Pakistan.
