Pakistan allocates 2,000MW of power for Bitcoin mining and AI center in an effort to attract foreign investment

The Pakistan government has allocated 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and building artificial intelligence (AI) infrastructure.
"The move has been led by the Pakistan Cryptocurrency Commission and has the full support of the Ministry of Finance," the TV channel reported.
In the first phase, the government plans to prioritize supplying surplus electricity to the AI infrastructure and cryptocurrency mining industries.
"This move will attract billions of dollars of foreign investment and create high-skill jobs," Finance Minister Muhammad Aurangzeb said.
The second phase will see the introduction of renewable energy into the extractive industries, striking a balance between industrial growth and environmental responsibility.
Reports have already indicated interest from international bitcoin miners and AI companies.
Several foreign investment groups have visited Pakistan in recent months to explore the possibility of cooperation. In response, the Ministry of Finance has offered tax breaks for AI centers and a waiver for bitcoin mining equipment.
The government also announced a tax incentive package to attract investment, including customs exemptions. Bilal Bin Saqib, CEO of the Pakistan Cryptocurrency Board, said:
Saqib called this move a "turning point for Pakistan's digital economy" and said, "With clear regulations and a transparent policy framework, Pakistan will be able to enter the global cryptocurrency and A-Border sphere."
"We can emerge as a major hub for the I-IT industry," said CEO Saqib at the committee's founding meeting held on March 21.
This was the first time I presented a proposal to utilize it.