Pakistan is reshaping its energy policy to utilize surplus electricity for strengthening digital infrastructure and technologies.
Impact of the New Policy on Digital Growth
Considering the ongoing challenges in the country's energy sector, such as high tariffs and rising excess electricity, the new policy aims to create economic opportunities and enhance returns on energy investments. The utilization of surplus electricity is intended to foster advancements in digital technologies.
Leaders Driving Change in the Digital Sector
Bilal Bin Saqib, President of the Pakistan Crypto Council and advisor to the Finance Minister, expressed optimism regarding the situation. He noted that discussions have already begun with various firms specializing in digital infrastructure.
CITE_W_A: "We appreciate companies considering visits to Pakistan for assessments of digital infrastructure. We believe the timing is ideal."
Potential for International Investments
The recent appointment of Changpeng Zhao, an expert in the crypto sector, as a strategic advisor to the government underscores the region’s growing commitment to digital advancements linked to cryptocurrency. These moves aim to accelerate the adoption of innovative practices in the crypto space and attract international investments for evaluating and investing in Pakistan's digital infrastructure.
The anticipated policy changes may help address existing inefficiencies in the energy sector while simultaneously boosting investments in digital technologies.
