The Government of Pakistan on Wednesday appointed Bilal Bin Saqib as the chief adviser to the finance minister on the Pakistan Crypto Council, reaffirming Pakistan’s commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
Saqib, recognized in Forbes’ 30 under 30 list, is a Web3 investor, strategic adviser, and thought leader in the blockchain space. He has been acknowledged by King Charles III, the late Queen Elizabeth II, and the Mayor of London for his efforts for the community and was the recipient of the 1632nd Points of Light Award, awarded by the British prime minister to recognize change-makers in the country. He received his Member of the British Empire in 2023 for his contributions to the National Health Service in the U.K.
In this pivotal role as the chief advisor on the Pakistan Crypto Council, Saqib will lend his knowledge and experience to Pakistan’s efforts to integrate cryptocurrency and blockchain technologies into its financial ecosystem while ensuring the development of a robust regulatory framework for digital assets in alignment with global best practices. Additionally, he will advise the Finance Ministry on exploring the use of artificial intelligence to enhance government efficiency, optimize decision-making processes, and drive innovation in public sector operations.
Saqib’s appointment marks a significant step forward in Pakistan’s commitment to embracing the transformative potential of digital currencies, ensuring financial security, mitigating risks, and effectively assessing the impact of cryptocurrencies on Pakistan’s economy.
Welcoming the appointment, Finance Minister Muhammad Aurangzeb said his vast expertise and innovative vision would play a crucial role in guiding Pakistan’s position in the rapidly evolving digital economy. “Saqib’s appointment underscores our commitment to embracing emerging technologies while ensuring a secure and transparent financial system. We are confident that his leadership will guide the development of a sound and effective regulatory framework, fostering innovation and sustainable growth in Pakistan’s crypto sector,” he said in a statement.
“Cryptocurrency and blockchain technology hold immense potential for Pakistan, particularly for the youth, who are the driving force behind our nation’s digital future,” said Saqib. “With the right strategies and regulatory framework, we can empower our country’s youth, foster economic growth, and establish Pakistan as a leader in the space,” he added.
Saqib’s appointment reflects Pakistan’s efforts to become a regional leader in the cryptocurrency space and ensure that the country is prepared to handle the regulatory, economic, and security challenges posed by this emerging sector.