The IMF has opposed Pakistan’s proposal to allocate 2,000 megawatts of electricity to Bitcoin mining amid severe energy shortages. With power outages common and budget talks ongoing, the Fund argues this prioritizes speculative ventures over critical infrastructure and household needs.
Pakistan sees mining as a revenue source but faces logistical challenges, including outdated grids and illicit mining operations. The IMF warns that subsidizing energy for mining could worsen fiscal deficits and delay economic reforms.
This clash highlights the tension between crypto adoption and developmental priorities in emerging markets. Pakistan may need to balance mining incentives with energy equity to secure IMF support.
