- Pakistan’s Crypto Council proposes using surplus electricity for Bitcoin mining.
- The government plans market-based electricity tariffs for crypto miners.
Pakistan is considering Bitcoin mining as a way to use excess electricity and boost its economy. The proposal was discussed during the first meeting of the Pakistan Crypto Council (PCC) on March 21. Finance Minister Muhammad Aurangzeb chaired the meeting, attended by key financial and regulatory officials.
PCC CEO Bilal Bin Saqib highlighted the potential of surplus energy for Bitcoin mining. He stressed the need for tailored regulatory models and a clear national blockchain policy. According to Saqib, using excess power for mining could turn liabilities into assets and attract global investment.
The government is developing a framework to regulate the digital asset sector. Authorities plan to introduce market-based electricity tariffs for crypto mining and blockchain data centers. These tariffs will not rely on subsidies. The initiative aims to reduce financial losses from unused electricity.
Pakistan’s Crypto Strategy and Global Mining Trends
Pakistan is looking to become a regional crypto hub. Officials emphasize the need for a stable and scalable regulatory environment. They also aim to ensure consumer protection, licensing, and compliance with global regulations. The strategy includes pilot programs and gradual rollout phases.
The move aligns with global trends in crypto mining. Russia recently legalized the industry, leveraging its abundant energy resources. The U.S. states of Texas and Wyoming have implemented crypto-friendly regulations. Meanwhile, China banned mining in 2021 but still accounts for a significant share of global hashrate.
El Salvador has embraced Bitcoin mining using geothermal energy. However, the IMF has urged the country to halt mining operations as part of a financial agreement. Pakistan’s approach could position it as a competitive player in the crypto space.
Pakistan’s finance chief supports a future-ready financial ecosystem. Authorities are working to develop a regulatory structure that ensures transparency and attracts investment.
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