Pakistan is exploring the use of surplus electricity for cryptocurrency mining as part of a broader strategy to boost its digital economy. The Pakistan Crypto Council (PCC), led by CEO Bilal Bin Saqib, has proposed leveraging the country’s excess energy to power Bitcoin mining operations. This initiative aims to transform unused power into economic opportunities while reducing financial losses from idle electricity.
The government is developing a framework to regulate the digital asset sector, including market-based electricity tariffs for crypto miners. These tariffs are designed to attract both local and international investors without relying on subsidies. The initiative aligns with Pakistan’s broader efforts to position itself as a competitive player in the global digital economy.
Key stakeholders, including lawmakers and financial regulators, have expressed support for the initiative. Finance Minister Muhammad Aurangzeb emphasized the importance of creating a transparent and future-ready financial ecosystem.
The PCC has also outlined plans for a national blockchain policy, licensing systems for mining and exchange platforms, and pilot projects to test large-scale operations.
However, challenges remain, including the need for a stable energy infrastructure and proper regulatory clarity. The PCC is studying global crypto laws to adopt suitable models for Pakistan. The initiative reflects a balanced approach, aiming to gain economic benefits while managing environmental and energy concerns.
Pakistan’s move comes as other countries adopt varying approaches to crypto mining. For example, El Salvador uses geothermal energy for mining, while China has banned the practice due to environmental concerns. Pakistan’s strategy could position it as a regional hub for blockchain and digital assets.
Shogun Lin
