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Pakistan allocates 2000. Pakistan has announced the allocation of 2000 as part of Islamabad's efforts to regulate cryptocurrencies and attract foreign investments.
The Ministry of Finance stated that the initiative led by the Pakistani Cryptocurrency Council will contribute to investing surplus available energy and opening new job opportunities in the advanced technology sector.
The ministry clarified that coal power generation projects like 'Sahiwal', 'China Hub', and 'Port Qasim', which are currently operating at only 15% of their capacity, will be repurposed to support this initiative.
This step comes as part of the federal government's efforts to strengthen an economy that narrowly avoided defaulting on debt during 2023.
The number of cryptocurrency users in the country is estimated to be between 15 to 20 million people, reflecting the growing demand for this technology. Pakistan aims to establish a comprehensive regulatory framework to enhance the local digital environment and attract global capital.
