Big Step Towards Digital Future
Pakistan’s government is planning to use 2,000 megawatts (MW) of electricity to support Bitcoin mining and AI data centers. This is the first phase of a big plan to help Pakistan grow as a digital economy.
Finance Minister Muhammad Aurangzeb said this project is not just about crypto or AI, but about building a digital future for the country. He also said Pakistan can now use extra electricity to make money for the country.
More Jobs and Investment Expected
A government statement said this move is supported by the Pakistan Crypto Council (PCC). The plan will help create tech jobs, attract foreign investment, and bring in billions in income for the government.
PCC CEO Bilal bin Saqib said this plan will bring in investment and help Pakistan earn U.S. dollars through Bitcoin mining.
The government believes Pakistan is in a good position to become a global center for data centers. This is because it is located between the Middle East, Europe, and Asia, making it a digital bridge.
Tax Breaks and Renewable Energy Plans
Sources say the government may offer tax cuts to help build blockchain and AI infrastructure. This could include lower income taxes and cheaper import duties for companies investing in this space.
In the next phase, the government plans to build data centers powered by clean energy.
Also, a new internet cable project, Africa-2 Submarine Cable, will help improve internet in Pakistan. It connects 33 countries and will make internet faster, more stable, and better for blockchain and AI systems.
Army and Crypto Leaders Meet
Pakistan's Army Chief Field Marshal Syed Asim Munir met with PCC CEO Bilal Bin Saqib to discuss the country's move into digital finance.
Saqib said that young people in Pakistan want to take part in global tech. The Pakistan Crypto Council is working to help the youth lead in digital finance, decentralization, and AI.
He also talked about visits from World Liberty Financial and Binance founder Changpeng Zhao, and about new partnerships to train people and improve tech rules.
Trump-linked World Liberty Financial (WLF) has also signed a deal with the Pakistan Crypto Council. Their goal is to grow blockchain projects, stablecoin use, and DeFi in Pakistan.
Disclaimer: This article is for information only and not financial advice.
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