In brief
- The International Monetary Fund has rejected Pakistan’s proposal to offer subsidised electricity for crypto mining.
- The IMF cited risks of market distortion in the struggling power sector.
- Pakistan’s crypto mining ambitions may bring “economic gains” but must not come “at the cost of destabilizing already stressed infrastructure,” Decrypt was told.
The International Monetary Fund has said no to Pakistan’s proposal to offer subsidised electricity tariffs to crypto mining operations, dealing a blow to the country’s ambitious plans to become a regional crypto hub just two months after it announced a strategic Bitcoin reserve.
While testifying before the Senate Standing Committee on Power, Secretary Power Dr. Fakhray Alam…
Jul 05 2025
