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IMF Questions Pakistan’s Bitcoin Mining Energy Plan
The IMF has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining. The plan aims to attract blockchain and AI firms but comes amid national energy shortages.
The IMF is seeking urgent clarification from the Ministry of Finance about the legality of crypto mining and the potential impact on electricity prices. Officials reportedly made the announcement without IMF consultation.
A separate meeting is expected to review the power allocation and its alignment with Pakistan’s economic and energy priorities.
