Islamabad: The government of Pakistan has announced the allocation of two thousand megawatts of electricity specifically for Bitcoin mining and artificial intelligence data centers. This initiative, part of a strategy to utilize surplus electricity, aims to create high-tech jobs, attract foreign investment, and generate substantial revenue for the country.

The Finance Division revealed that this strategic allocation is designed to transform excess energy into economic opportunities. Finance Minister Senator Muhammad Aurangzeb described the move as a pivotal moment for Pakistan’s digital transformation, highlighting its potential to drive innovation, investment, and international revenue.

Bilal Bin Saqib, CEO of the Pakistan Crypto Council, emphasized the importance of regulation and international collaboration to ensure Pakistan’s emergence as a significant player in the global crypto and AI sectors. He noted that the initiative could enable the government to generate foreign exchange in US dollars through Bitcoin mining.

Saqib further explained that this shift allows Pakistan to accumulate Bitcoin directly into a national wallet, representing a significant change from selling power in local currency to leveraging digital assets for economic stability.

The initiative aligns with the government’s broader strategy to monetize surplus electricity, positioning Pakistan as a future leader in the digital economy.