WEBDESK: Pakistan is exploring new opportunities in crypto mining by utilizing its surplus electricity. The government is working on special electricity tariffs to attract blockchain-based data centers and global miners, aiming to boost the country’s digital economy without adding financial burden through subsidies.
Pakistan’s Crypto Mining Initiative
Sources reveal that the power division is collaborating with stakeholders to develop an electricity pricing model that makes crypto mining more viable in Pakistan. Since electricity costs make up nearly 60-70per cent of bitcoin miners’ total expenses, Pakistan’s surplus power could offer a competitive edge.
Bitcoin mining alone consumes over 130 terawatt-hours (TWh) annually, more than some entire countries. While nations like China have banned it due to power shortages, others like Iran, Kazakhstan, and El Salvador have implemented varying policies, from subsidies to increased tariffs.
Government and Industry Collaboration
The Pakistan Crypto Council (PCC), led by CEO Bilal Bin Saqib, recently discussed the country’s crypto mining potential with Power Minister Awais Leghari. Finance Minister Muhammad Aurangzeb later chaired the PCC’s first official meeting, attended by key officials, including the State Bank Governor and IT ministry representatives.
During the meeting, PCC presented a plan to leverage excess electricity for crypto mining, turning potential liabilities into assets. Discussions also focused on regulatory clarity, licensing requirements, and business models tailored to Pakistan’s needs.
A New Digital Future for Pakistan
The finance minister emphasized the importance of responsible regulation, ensuring Pakistan benefits from blockchain technology while maintaining global compliance. The council plans to run pilot projects and build on existing frameworks to create a structured policy for crypto mining in Pakistan.
With a strategic approach, Pakistan aims to position itself as a key player in the global crypto mining industry, attracting investment and driving technological advancement.
Read more: Pakistan crypto legalization plans aim to boost investment
