Pakistan defies concerns from the IMF, promotes Bitcoin mining and AI technology development
The government has just announced a plan to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers, aimed at attracting high-tech investment from global blockchain and AI companies. This is a bold and proactive step, showcasing Pakistan's efforts to transform into an emerging technology hub.
Although there are concerns that this plan may affect the power system and financial negotiations, Pakistan's move reflects the globalization trend of Bitcoin and crypto, increasingly seen by many countries as a strategic industry.
Redirecting resources into Bitcoin mining and AI data processing not only creates jobs but also opens up new foreign exchange revenue through investment and computational exports – which is particularly important for an economy like Pakistan that is seeking breakthroughs.
Similar to El Salvador, Pakistan may be choosing a path of financial independence, leveraging its resource strengths to get ahead in the global technology race. Despite pressure from the IMF, this decision indicates that crypto continues to play an increasingly significant role in modern economic policy.
