Pakistan has not yet secured approval from the International Monetary Fund (IMF) for its proposal to provide discounted electricity rates to Bitcoin mining operations. The issue remains under discussion as the government prepares for a new round of talks with the global lender.
According to sources in the Ministry of Energy, authorities plan to raise the proposal again during upcoming negotiations with the IMF. However, both sides have not reached an agreement on the matter so far.
Government Pushes Digital Asset Strategy
The proposal seeks concessional electricity tariffs for Bitcoin mining activities. Officials view the initiative as part of a broader strategy to develop Pakistan’s digital asset industry and expand the country’s data center sector.
Supporters of the plan believe lower electricity costs could attract investment and encourage growth in technology-related industries. As a result, the government continues to pursue discussions with international stakeholders.
Despite these efforts, sources said the IMF has not endorsed the proposal. The lender remains focused on reforms aimed at improving the sustainability of Pakistan’s energy sector.
IMF Talks Set to Resume
The debate comes as Pakistan continues implementing electricity sector reforms. Authorities are working to ensure cost recovery while gradually shifting toward targeted subsidies for eligible consumers.
Pakistan and the IMF are scheduled to begin discussions on September 22 under the fourth review of the country’s $7 billion Extended Fund Facility programme. The review is considered important for assessing economic reforms and fiscal performance.
Officials expect the Bitcoin mining electricity proposal to feature prominently during the negotiations. Therefore, the government hopes to find common ground with the IMF on measures that support digital sector growth while maintaining energy sector stability.
The outcome of the talks could influence Pakistan’s future plans for cryptocurrency-related investments and the expansion of digital infrastructure across the country.
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