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IMF rejects Pakistan’s proposal to subsidise electricity for crypto mining
From profit.pakistantoday.com.pk
The International Monetary Fund (IMF) has rejected Pakistan’s proposal to offer subsidised electricity tariffs for crypto mining and certain industrial sectors, warning that such measures could further strain the already burdened power sector. In a session with the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, Secretary of Power Dr. Fakhray Alam Irfan outlined the ongoing discussions with the IMF on the matter. He explained that the IMF was concerned about market distortions and declined a proposal to offer subsidised rates to energy-intensive industries, such as crypto mining and metal ... (full story)
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