Pakistan is now going to step into the field of Crypto Mining. In fact, the Government of Pakistan has prepared a new plan for the use of Surplus Electrical Energy, under which it is proposed to provide special electricity rates to Crypto Miners and Blockchain FIMMS. This step can be a significant twist for Pakistan’s energy sector, as it is a major problem in Pakistan to use Surplus Electrical Energy.
Pakistan’s new step, using Surplus Electrical Energy
Pakistan’s Energy Department is now creating a new policy, which aims to provide compatible electricity rates for Crypto Mining Operations, especially Bitcoin Mining. Under this scheme, the government will try to make lectricity rates attractive without subsidy, so that more and more Crypto Miners can come to Pakistan and run their operations. Currently, a part of electricity production in Pakistan goes waste and can be made financially beneficial by providing mining companies.
Electricity cost and mining impact
Crypto mining is a very energy intensive process, in which about 70% of the income of mining companies is spent on electricity cost. This step of the Government of Pakistan can be a way to reduce this high electricity cost. If Pakistan provides electricity to mining companies at reasonable rates, it can create an attractive crypto mining hub to the country, which will create investment and employment opportunities.
Recently, Pakistan’s Federal Minister of Power Awais Leghari and Pakistan Crypto Council (PCC) meeting was held between CEO Bilal Bin Saqib, which discussed strategies to attract mining operations. Finance Minister Muhammad Aurangzeb held a meeting with experts and officials in the matter, emphasizing the need to develop policy and licensing structure regarding crypto mining.
A new opportunity for Pakistan
This step can be an important opportunity for Pakistan, especially when the country is facing economic challenges. In December 2024, Pakistan recorded a $ 582 million current account surplus, which was doubled from the previous year. Taking advantage of this surplus, Pakistan is now looking at Crypto Mining as a new economic opportunity. If Pakistan keeps its power supply reliable and implements clear rules, it can make the country a strong player in the Global Cripto Mining Space.
It is worth noting that recently Pakistan has continuously developed its steps in the Cryptocurrency Space, where recently this news was very much headlines that Pakistan Crypto will legalize,
Conclusion
Pakistan’s steps in the field of crypto mining can be an adventure and ambitious initiative. With the correct use of Surplus Electrical Energy and attractive electricity rates, this step can strengthen Pakistan’s economy. However, this will require a clear policy and strong infrastructure for the government. If this scheme is successful, Pakistan’s Surplus Electrical Energy can now become a valuable economic resource that can contribute significantly to the development of the country.
