#Pakistan Bitcoin Mining Initiative Blocked by IMF Over Power Subsidy Concerns


Pakistan's plan to allocate 2,000 megawatts of surplus electricity for $BTC mining has been rejected by the International Monetary Fund.


The IMF warned that subsidized power rates could destabilize Pakistan's energy market and worsen existing power sector issues.


Pakistan's proposed marginal-cost tariff of $0.08 per kilowatt-hour was designed to boost electricity demand and absorb surplus capacity.


The IMF compared the scheme to sector-specific tax breaks that have historically created economic imbalances in Pakistan.


Power Secretary Fakhre Alam Irfan confirmed all major energy policies require IMF approval under the country's financial program.


The proposal remains under review by the World Bank and other international partners for potential refinement.


Pakistan previously announced tax incentives for AI centers and duty exemptions for $BTC miners to attract #cryptocurrency investors.

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July 03, 2025 at 11:18 PM
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