The IMF is questioning Pakistan's reported plans to allocate 2,000 MW of electricity for Bitcoin mining and AI data centers amidst energy shortages and fiscal challenges.
Concerns include the legality of crypto mining, power allocation specifics, economic rationale, impact on tariffs, and lack of a formal crypto policy framework.
Pakistan is facing chronic energy shortages, fiscal pressures, and high energy costs, making the crypto mining initiative a point of particular concern for the IMF.
Despite government enthusiasm for blockchain and crypto, the lack of policy framework and IMF scrutiny highlight challenges in balancing economic stability and technological innovation.