IMF Raises Concerns Over Pakistan’s Bitcoin Mining Power Allocation

Pakistan’s government has faced scrutiny from the International Monetary Fund (IMF) over its allocation of 2,000 MW of electricity to Bitcoin mining during a period of severe national power shortages. The IMF is reportedly concerned that this decision violates existing agreements regarding energy distribution and may breach conditions attached to the country’s bailout package. The government’s plan, intended to attract cryptocurrency and AI firms, has sparked controversy as authorities struggle to justify how it aligns with existing agreements or even the practical feasibility of this investment.