In a bold move toward a digital future, Pakistan announced the allocation of 2,000 megawatts of surplus electricity to support Bitcoin mining centers and artificial intelligence technologies.
This initiative, led by the Pakistan Digital Currency Board with support from the Ministry of Finance, is part of a comprehensive national digital transformation plan. In its first phase, the government will focus on developing smart infrastructure and emerging technologies, potentially attracting billions of dollars in foreign investment.
Finance Minister Muhammad Aurangzeb noted that the project will create advanced technology jobs and put Pakistan on the digital innovation map.
The second phase will focus on using renewable energy to support mining operations, in an attempt to achieve a balance between economic growth and environmental conservation.
Many global companies in the cryptocurrency mining and artificial intelligence fields have shown great interest, with multiple foreign delegations visiting Pakistan in recent months to explore prospects for cooperation.
To enhance investment attractiveness, the Ministry of Finance announced special tax incentives and customs exemptions for smart mining centers and digital miners.
In this context, Bilal Bin Thaqib, CEO of the Digital Currency Council, described this step as a "pivotal shift" in the future of Pakistan's digital economy, emphasizing that clear regulations and a transparent regulatory framework will make Pakistan a global player in the fields of crypto and artificial intelligence.