The government believes that the project will monetize excess electricity and create a large number of highly paid jobs. As part of the implementation of the plan, it is planned to use coal power plants Sahiwal, China Hub and Port Qasim, which now operate at only 15% of their capacity.
“The Pakistan government seeks to attract investments to strengthen the economy, which almost suffered default in 2023. According to estimates, in the country there are from 15 million to 20 million users of cryptocurrencies. The authorities intend to create a legislative framework for the development of crypto -ecos system and attract global capital, ”officials explained.
The Ministry of Finance has announced tax benefits for providers of AI-infrastructure and exemption from import duties of equipment for the extraction of digital assets.
In the future, the emphasis will be placed on the expansion of the use by miners of renewable energy sources. If you believe the statement of representatives of the Pakistani government, international companies have already shown great interest in developing the mining industry in the country.
Earlier, the Ministry of Finance of Pakistan approved the creation of a separate department for supervision of blockchain and cryptocurrencies. The Office will receive the name Office for Digital Assets of Pakistan (PDAA).
Source: Bits
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