Karachi: Pakistan has allocated 2000 megawatts of electricity to support Bitcoin extraction and artificial intelligence data, a statement issued by the Ministry of Finance said on Sunday.
This step, led by the Pakistan Cheap Council (PCC), a financing -backed ministry body, is part of a wider batch to attract foreign investment, create highly skilled jobs and build a sovereign digital asset economy.
In his interview with GEO.TV last week, the CEO of PCC BILA BIN Saqib said that the government is seeking to reuse its inner capacity to energy to a high -value digital infrastructure strategy.
According to the relevant authorities, the first stage of the initiative aims to benefit from the ability to generate inactive energy in Pakistan by providing energy to calculate intensive operations such as treating artificial intelligence and mining in the encrypted currency.
Experts also welcomed the decision. “The surplus of the re -direction of the capacity that is redirected towards encryption mining and artificial intelligence databases is a welcome development. Also, using clean energy sources such as wind and solar energy allows the government to provide a competitive tariff because the marginal cost of the generation is baseless from scratch in these technologies. A tank of energy and the environment in Pakistan.
With more than 20 million estimated encryption users with a population of more than 250 million people, Pakistan is classified among the largest urgent digital markets in the world. Officials believe that the country’s geographical situation-linking Asia, the Middle East and Europe-makes it quite appropriate as a center for data and cloud infrastructure.
“This represents a pivotal transformation in digital and economic expectations in Pakistan,” said Finance Minister Mohamed Uranzib, describing the initiative as a way to transform the surplus into “innovation, investment and international revenues”.
According to what was reported, many international companies held exploratory discussions with PCC, while you are expected to visit more delegations after the announcement. The country’s attractiveness is strengthened by lower energy costs and available lands – factors that restrict the expansion of markets such as India and Singapore.
But there is also a need to be careful, Ahmed added. “There is a geographical mismatch that can reduce effectiveness. The majority of renewable capacity is installed in the south, while encryption mining centers and data require abundant water resources, which are primarily available in the north. This creates transportation bottlenecks that can lead to limited outside.”
The plan also coincides with improvements to digital communication infrastructure in Pakistan. The last drop of the submarine cable in Africa-2-part of a 45,000 km network that connects 33 countries-has expanded the ability to hesitate and reduce cumin, which is a decisive factor for the operations of the data center on a large scale.
Long-term plans include male infrastructure development and encoding supported by renewable sources such as wind, solar energy and aquatic energy, especially in areas with high capabilities such as the winds of wind-keti bandar. Officials also weigh tax incentives, official exemptions and other organizational measures to attract investment.
“This Energy -backed transformation is given an opportunity to generate revenues provided by the US dollar through mining during the basis for local artificial intelligence.” He added that with the passage of time, the country can explore the accumulation of bitcoin in a sovereign digital portfolio, and to switch from energy in a rupee to carrying digital assets as a hedge.
