Pakistan’s coding mining plan that was rejected by the International Monetary Fund star-news.press/wp

According to the International Monetary Fund (IMF), Pakistan’s proposal to use excessive energy to provide the cheapest electricity for the encryption mining sector, despite the country’s surplus in the country.

The coding mining proposal in Pakistan faces uncertainty

On Thursday, our independent Urdu I mentioned The International Monetary Fund rejected Pakistan’s proposal to support electricity for some industries, including coding and artificial intelligence sectors (AI).

In a statement to the Standing Committee of the Senate on Energy, the Minister of Power, Fakhara Allam Erfan, explained that all the main energy sector initiatives with the International Financial Corporation should be cleared, adding that the International Monetary Fund raised concerns despite the surplus of energy in Pakistan.

In November 2024, the Energy Department proposed a marginal cost tariff of 22-23, or about $ 0.80, per kilowatt hours for specific industries with large energy consumption, including copper, aluminum, databases and miners. The department claimed that it would increase the demand for energy and reduce the surplus surplus.

Earlier this year, the recently established Pakistan Cheap Council (PCC) proposed the use of surplus power to support encryption mining and artificial intelligence data centers in areas where excess electricity capacity is greater.

The offer, led by the CEO of PCC and the advisor to the Minister of Finance, Bilal bin Sakib, aims to convert unused electricity into a fruitful resource. However, the International Monetary Fund interrogated Pakistan’s plan a month ago, in search of an urgent clarification from the Minister of Finance on the allocation of power.

According to Thursday’s report, IRFAN stated that the International Monetary Fund is concerned about any pricing mechanism that can destabilize the market, lead to possible economic imbalances and create “new complications in the already tense energy sector.”

According to what was reported, the International Financial Corporation argued that Pakistan’s energy plan is similar to tax exemptions for the sector, which historically created market imbalances. In addition, the Senate Standing Committee expressed energy due to the lack of the Federal Authority Minister during the meeting.

Several members of the Senate raised concerns about the “forced” pregnancy in the regions of Thararquar, Matiari, and Omercot, as the daily closure lasts for up to 14 hours, although consumers pay their bills.

A new era for digital assets

Erfan confirmed that the government did not withdraw the proposal, despite the negative International Monetary Fund, adding that he is currently consulting with international institutions, including the World Bank and other development agencies, to improve it.

This follows the country’s efforts to place itself as an encryption center. In May, PCC CEO announced the establishment of a Bitcoin national reserve using the current BTC, which is kept by the federal government.

He also revealed the establishment of a national portfolio for bitcoin to hold encrypted currencies under the state’s custody, which aims to reflect the country’s long -term commitment to the growing industry.

It is worth noting that Saqib had previously stated that the election of US -supporting US President Donald Trump has motivated the government to develop the digital and digital assets industry, which has not been largely organized, despite its adoption rate.

Pakistan confirmed “sitting on the margin”, and stressed, expressing his desire to make the country one of the Blockchain financing leaders.

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