
A power transmission tower is seen, with a high rise in the background, in Karachi, Pakistan, January 24, 2023. — ReutersÂ
#Govt #allocates #2000MW #electricity #Bitcoin #mining #data #centres
In an important step in pursuing Pakistan’s digital change, the government has determined 2,000 MW (MW) power in the first phase of national strategy, which aims to support Bitcoin mining and artificial intelligence (AI) data centers.
According to a statement issued by the Finance Division, the move is headed by the Pakistan Crypto Council (PCC)-a government-backed agency under the Ministry of Finance-as part of a broader strategy for monitoring surplus electricity, to create high-tech jobs, create billions of dollars, to create billions of dollars.
“Finance Minister Mohammad Aurangzeb said that this strategic allocation is an important moment in Pakistan’s digital transformation journey, which has opened economic capacity by converting economic capacity to innovation, investment and international income.”
Pakistan, a country that has finished third in the global crypto adoption index contains 20 million active cryptocurrency users and Crypto transactions have B 20bn +.
Currently, Malik is one of the top 10 in terms of adoption. With B 35bn in annual remittances, the country is ready to take advantage of the adoption of crypto.
In March this year, the government formed the Pakistan Crypto Council (PCC) in the country’s financial environmental system for “regular and integrating and integrating” blockchain technology and digital assets. “
Entrepreneur Bilal Bin Saqib was appointed as its Chief Executive Officer, which indicated his commitment to integrate cryptocurrency and blockchain technology in the country’s financial ecosystem.
The Finance Division said in its statement today, “Pakistan is in a unique position – geographically and economically – to become a global hub for data centers.
It has been stated that since the beginning of the PCC, global bitcoin miners and data infrastructure companies have been interested. Several international firms have already visited the country for search debates, and after this important announcement, more global players are expected in the coming weeks.
“Pakistan’s low capacity to generate electricity is now being re -developed in a high -value digital asset. AI data centers and bitcoin mining work, known for their permanent and heavy energy use, provides an ideal issue for the surplus.
The statement added that “redirecting useless energy, especially with capacity -working plants, allows Pakistan to convert a long -term financial responsibility into sustainable, revenue -generating opportunities.”
In a statement, PCC CEO Bilal Bin Saqib emphasized the nature of the move and said that with proper code of conduct, transparency and international cooperation, Pakistan could become a global crypto and AI powerhouse.
He added that this energy -backed digital change not only opens high value investment but also enables the government to create foreign exchange in the US dollar through Bitcoin mining.
In addition, when the rules and regulations are developed, Pakistan can collect bitcoin directly to the national purse – which marks a memorable change from selling electricity to Pakistani rupees to economic stability.
By offering stable and affordable energy, Pakistan offers a very competitive environment compared to regional counterparts like India and Singapore, where the range of increasing electricity costs and land shortages increases.
Pakistan’s strategic advantage has been made more clear in the global context as the demand for AI data center has increased by more than 100 GWW (GW), the global supply is around 15 GW. He added that this massive lack creates an unprecedented opportunity for countries like Pakistan, with extra power, land and emerging regulatory framework.
The statement said that the country’s largest submarine has also strengthened the digital connection to the Internet cable landing. The Africa -2 cable project, a 45,000 -kilometer global network that connects 33 countries through 46 landing stations, has now arrived in Pakistan.
This milestone increases Pakistan’s Internet bandout, delay and flexibility through useless fiber routes – the key to ensuring high availability and operational continuity for AI data centers.
With more than 40 million crypto consumers, Pakistan has immense potential as a regional leader in digital services. Establishment of local AI data centers will not only address the growing concerns of data sovereignty but will also increase cybercopy, improve the supply of digital service, and empower national capabilities in AI and cloud infrastructure.
These centers are expected to create thousands of direct and indirect jobs, which will include the development of skilled workforce in engineering, IT and data sciences.
The statement added that a broader, multi -phase digital infrastructure rollout in this announcement is the first step. Future developments will include renewable energy-powered facilities-Pakistan’s immensely (50,000 MW capacity in the House Catty Monkey Corridor), solar and hydropower resources as well as strategic international partnerships with well-known blockchain and AI companies.
He added that these efforts will be completed by proposed privileges such as tax holidays, customs duty exemption on goods, and tax reduction for AI infrastructure developers.
“Pakistan’s extra power, geographical advantage, advanced subscription cable connectivity, renewable energy capacity, and a large, digital busy population combination creates a great case for the web 3, AI, and digital innovation.
“With the right privileges, strategic investment, and mutual cooperation, Pakistan is in a position not only as a global digital infrastructure destination but also as a sovereign economy that can collect digital assets, digital services, and technical services can be exported.”
Allocated Islamabad is part of plans to use more power in Bitcoin mining and AI data centers. Pakistan’s energy sector is facing challenges, including high electricity revenue and additional production capacity.
The rapid expansion of solar energy has made the landscape more complicated, as more and more consumers turn to alternative energy sources to reduce high costs.