The International Monetary Fund (IMF) has declined to repeat Pakistan’s repetitive measures to provide subsidized electricity to Bitcoin
mining and other industries of intensive energy, According to reports.
Secretary of Power Dr. Fakhray knows irfan said that the IMF is concerned about the distortion of the market in the A session with the Senate Standing Committee on Power on Thursday.
The government plans to provide 2,000 megawatts from 7,000 MW electricity surplus to crypto mining at rates of 23-24 Pakistani Rupee ($ 0.08) per kilowatt-hour (Kwh). However, the IMF has remained unsubstanied, warning that such incentives resemble tax offices that often bother market efficiency.
The IMF has questioned how the government will transfer subsidized electricity back to market rates and argue that similar concessions have failed to deliver results in the past.
Originally mounted on September 2024 as a six-month marginal cost tariff package, the plan was scaled back to three months under IMF pressure. A follow-up target subsidy proposal in November also declined.
Dr. IRFAN says the government is still talking to international institutions to refine the plan.
Pakistan government Unveiled plans to establish a strategic bitcoin reserve and support at BTC Mining In May Inspiration of President Donald Trump’s administration plans in the US
The country’s state minister for Blockchain and Crypto cited the possibilities of giving 100 million non -developed Pakistanis tools for saving and investing as a motivation for government plans.
“We want them to ruin their economic classes. And I really believe that crypto and blockchain will help us jump that whole,” Bin Saqib said at a Bitcoin 2025 conference in Las Vegas.
Read more: Michael Saylor is engaged in Pakistan in a brave push towards the economy supported by Bitcoin
