The IMF requests an urgent explanation from Pakistan. 2,000MW or more power allocation bitcoin mining
According to the International News Report, the International Monetary Fund (IMF) wants Pakistan to urgently clarify the plan to allocate power to Bitcoin mining in the midst of electricity and financial issues. The IMF delegation is expected to hold a separate virtual session with the Pakistan Treasury to discuss the electrical allocation in detail.
Last week, Pakistan announced that it will allocate 2,000 megawatts to operate the Bitcoin Mine and AI Data Center.
The IMF, which repeatedly warned the nations about the government’s risk of buying Bitcoin, sanctioned $ 2.4 billion in Pakistan early this month and is currently discussing with the state about the budget plan.
According to the Ministry of Finance, Pakistan did not take into account the IMF in establishing a power allocation plan for Bitcoin mining. However, citing sources familiar with this problem, the local news report repeated the IMF that a country that received aid from the organization under the Extended Fund facility (EFF) should consult all policy changes.
The officials who were involved in the budget negotiations with the IMF told the local news outlet sama.
“I have a fear of the IMF’s strong conversation for allocating electricity to this initiative. The economic team is already facing strict questions, which has been added only to the complexity of ongoing dialogue.”
Pakistan plans to change 3 low -utilization coal -power plants to provide electricity to Bitcoin Mine and AI Data Center. However, the IMF is concerned about how initiative affects electric tariffs and distribution.
In April, Pakistan’s national power regulatory authorities announced a cut of electricity prices for various consumers. However, cuts were followed by the increase in the basic power tariffs announced last year.
Pakistan has made a quick progress to embrace encryption.
Over the past few months, Pakistan has issued some plans and initiatives to quickly change its position on cryptocurrency and adopt and regulate crypto assets.
In March, the State established the Pakistan Cryptographic Council (PCC) to regulate encryption assets, increase adoption and integrate Pakistan’s financial environment. In early April, Pakistan appointed former Binance CEO Changpeng Zhao (CZ) as a parliamentary strategic advisor.
At the end of last month, World Liberty Financial, a decentralized financial project with President Donald Trump and his sons, signed a MOU (MEMORANDUM) with the PCC.
On May 21, according to the PCC recommendation, the government established PDAA (Pakistan Digital Assets Authority). JD VANCE Vice President and Trump’s Son Eric and Donald Trump JR.
PDAA is a regulator who supervises the license of a digital asset service provider, complys with the FATF (FINANCIAL Action Task Force) regulations, and guarantees the promotion of innovation.
BILAL BIN SAQIB, a password advisor to Prime Minister Shehbaz Sharif at the Bitcoin 2025 meeting on Thursday, unveiled the IMF’s investigation and unveiled the first strategic Bitcoin protection zone in the United States. Saqib, who announced the launch of the National Bitcoin wallet, pointed out:
“Our youth are online and chains. Pakistan is recognized as a future rather than the past, with more than 40 million password wallets and an average age of 23.”
