Pakistan | Crypto

The move represents a significant shift from the Pakistani government's earlier position that cryptocurrencies would never be legalized. Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience: The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country. Read more

Pakistan will allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence (AI) data centers. According to a Bloomberg report, the Pakistan Crypto Council (PCC) overseeing the project confirmed that three underutilized coal-powered plants, currently operating at just 15% capacity, will be repurposed to support this initiative. This development is part of the government’s […] The post Pakistan to allocate 2,000 MW for Bitcoin mining and AI data centers appeared first on CryptoSlate.

Pakistan Prime Minister Shehbaz Sharif has appointed Pakistan Crypto Council CEO Bilal Bin Saqib as special assistant on blockchain and crypto. Pakistan Prime Minister Shehbaz Sharif appointed Pakistan Crypto Council CEO Bilal Bin Saqib as his special assistant on blockchain and crypto. Saqib’s appointment takes effect immediately under Rule 4(6) of the Rules of Business, 1973. He has been granted the status of minister of state and will serve without salary or official benefits, according to a May 26 report in the English-language local news outlet, Pakistan Observer. The move follows a series of government initiatives aimed at strengthening Pakistan’s presence in the digital asset space. Just one day prior, Pakistan allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers. Read more

Pakistan has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI infrastructure, aiming to attract foreign investment. Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers. The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel. In the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across the country. Read more