Pakistan Looks To Introduce Bitcoin Mining Farms To Grow Economy

Pakistan looks to introduce bitcoin mining farms to grow economy. Pakistan’s third largest semi-autonomous province, Khyber Pakhtunkhwa is looking to establish two state supported bitcion mining farms, according to local media report last week.

Advisor to the chief minister of KP on Science and Information Technology, Ziaullah Bangash shared that the provincial parliament passed a bill permitting the KP government to use its own money to develop the mining facilities. BOL news reported that the province will be mining bitcoin for profit. The province has legalised crypto mining.

The KP Assembly also passed a separate no-objection permit, according to Bangash, enabling citizens to mine cryptocurrencies and issue their own digital assets. The development coincided with Waqar Zaka, a longtime crypto enthusiast who has worked to develop the Pakistani crypto industry, launching a private bitcoin mining farm.

“After years of struggle, I am launching the biggest crypto mining farm in KPK where you all can invest & earn,” Zaka said in a tweet. He shared gratitude to Bangash for his legal backing. In response, Bangash stated that “in future, the help of Waqar Zaka will be sought” in the KP administration’s crypto mining plans.

[image: Kamran Ch]

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