Pakistan Pushes Bitcoin Mining with Surplus Power…"Aiming to Become a Digital Financial Hub"

Pakistan has begun to seriously consider using Bitcoin (BTC) mining as a driving force for national growth.

According to local media The Nation on the 22nd (local time), at the first meeting of Pakistan's Virtual Asset Committee held on the 21st, Chairman Bilal Bin Saqib proposed, "Let's use the country's surplus energy for Bitcoin mining."

This meeting is considered a turning point where the Pakistani government effectively shifted its previously tough stance on virtual assets (cryptocurrency). Chairman Saqib stated, "We will establish a comprehensive regulatory framework for the virtual asset industry to attract foreign direct investment (FDI) and develop Pakistan into a global crypto hub."

The meeting was attended by key policymakers, including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Deputy Minister of the Federal Ministry of Information Technology, and Senator Muhammad Aurangzeb. Senator Aurangzeb emphasized, "Our economy is now entering a new digital era," and "Our goal is to empower the youth and position Pakistan as a leader in new technology by creating a financial ecosystem."