Quote from: WatChe on Today at 03:47:05 AM

Quote from: shahzadafzal on May 25, 2025, 06:39:52 PM

Pakistan allocates 2,000MW capacity to power bitcoin mining
(May 25): Pakistan has allocated 2,000 megawatts (MW) of electricity in the first phase of a national push to support bitcoin mining and artificial intelligence (AI) data centres, as the country moves to legalise cryptocurrency and attract foreign investments.
https://newswav.com/A2505_0VQgsf?s=A_TxUgCaO&language=en

Isn’t this move a bit too late? Still, it could be a positive step if executed properly.
However, the bigger concern here is the IMF. I doubt the IMF would support any initiative involving Bitcoin. After all, Bitcoin fundamentally challenges institutions like the IMF and the World Bank, and the policies they enforce.

So while it sounds ambitious, I don’t expect much to come out of it…. unless Pakistan gets rid of IMF with a major shift in policy or strategy.

The IMF won't mind that as long as government is imposing heavy taxes on electricity consumers. IMF is concerned about its loan repayment which is usually done in the country by imposing high taxes on general public. Due to solar power generation, there is ample electricity available in Pakistan and government is in position to facilitate Bitcoin mining along with other emerging technologies data centres.

One thing with IMF is the fact that they don't like the ideas or investment that would make you to be financially balance, they always want to strangulate you with their suppose loan policies or monetary policies that are not always suitable with most countries, sometimes the mood of repayment of loans is a bit stifled and some form of percentage reduction in currency value comes with some of the policies IMF and World bank will impose. The supposed heavy taxes that will be imposed, how better prepared are the public, as they won't be paying while frowning.