The Pakistani government decided to bring a friendly environment for Bitcoin mining companies. Some cryptographic influential affirmed that Pakistan will fail just like Kazakhstan.
Summary
- PCC proposed to use surplus electricity for Bitcoin mining.
- Most government officials supported the proposal.
- Experts believe that such decisions will result in better results for cryptographic regulation in the country.
- Cryptographic influencers claim that Pakistan will fail just like Kazakhstan.
Pakistan is a developing country with 254.4 million population. After the Covid-19 pandemic, the country’s economy has faced challenges. The country’s sovereign fiduciary currency faced high inflation and a great fiscal deficit, and debt in this country increased badly. To date, the country depends largely on agricultural and textile sectors.
On March 22, 2025, local media reported That the Pakistan government is looking to discover the possibility of using the country’s surplus electricity for Bitcoin mining operations.
With this new plan, the country has a plan to reduce the financial burden facing the electricity sector.
The country’s financial minister began his consultation on this matter with interested parties to create a special rate of rate for new sectors, which also includes Bitcoin mining operations.
PCC participation in the configuration of a friendly bitcoin mining environment
According to some authentic data reports, Bitcoin mining companies spend almost 60% to 70% part of their electricity profits. The Pakistan government found an opportunity in this situation.
According to officials of the Ministry of Energy, the country has surplus power, and should be used for new sectors, including the cryptographic sector.
The idea of ​​attracting Bitcoin & Crypto mining companies occurred after the sudden increase in Bitcoin mining activities in the country after the establishment of the Pakistan cryptocurrency council (PCC), a new organization to create a regulatory framework for cryptographic space in the jurisdiction of Pakistan.
Amid the growing interest in cryptographic mining, the Minister of Energy, Awais Leghari, and the PCC CEO, Bin Saqib Billal, held a meeting to discuss the use of the country’s additional electricity to attract international Bitcoin mining companies.
This was the first meeting with PCC, which was chaired by the Minister of Finance, Muhammad Aurengzeb, and attended senior officials, including the Governor of the State Bank, Jameel Ahmad, and the heads of the Bolsa and Securities Commission and other relevant ministries.
As reported, Saqib proposed the idea of ​​attracting Bitcoin miners to use the surplus energy of the country. For this, he also affirmed the need for regulatory clarity so that such companies can administer their operations under clear rules and laws without facing any regulatory obstacle.
Aurengzeb showed its full support for the proposal and said it will be a new chapter for digital assets, which will finally improve the economy of the country.
Will Pakistan fail, like Kazakhstan?
Pakistan and Kazakhstan have shared historical ties since ancient times through the silk route. Due to such ties, Kazakhstan and Central Asia have a strong influence on modern Pakistan.
After the prohibition of the cryptographic blanket in China, Kazakhstan invited cryptographic mining companies to establish business, under fresh and friendly rules and laws.
At that time, Kazakhstan managed to attract a large number of cryptographic companies, but could not provide a sustainable environment.
For example, the main electricity cuts and, sometimes, Internet interruptions seriously affected the income of Bitcoin mining companies. Due to the drop in income and losses in the mining business, these companies changed to other jurisdictions.
Some cryptographic influential noticed that Pakistan is following the steps of Kazakhstan to attract Bitcoin miners and this strategy will fail just like Kazakhstan.
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