Islamabad, March 5, 2025 – In a strategic move to formalize its stance on digital assets, Pakistan has appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council.
This decision reflects the government’s commitment to embracing the future of finance by integrating cryptocurrency into the national economy while ensuring regulatory stability.
A statement issued by the Finance Division on Wednesday emphasized that Pakistan is dedicated to advancing technological innovation while maintaining a secure and transparent financial system. The appointment of Saqib aligns with the country’s broader efforts to develop a structured regulatory approach to cryptocurrency and blockchain adoption.
Bilal bin Saqib, a distinguished Web3 investor and strategic advisor, has been recognized by Forbes for his contributions to the blockchain industry. He is also a recipient of the 1632nd Points of Light Award, an honor conferred by the British Prime Minister to acknowledge individuals driving impactful change. In 2023, Saqib was awarded an MBE (Member of the British Empire) for his contributions to the UK’s National Health Service.
As Pakistan evaluates cryptocurrency regulations amid growing concerns and opportunities, Saqib’s role as Chief Advisor to the Pakistan Crypto Council is expected to be instrumental. His extensive expertise will aid the country’s efforts to seamlessly integrate cryptocurrency and blockchain technology into the financial ecosystem while ensuring that the development of a regulatory framework adheres to global best practices.
“Beyond cryptocurrency, Saqib will also advise the finance ministry on leveraging artificial intelligence (AI) to optimize governance, enhance decision-making processes, and drive innovation in public-sector operations,” the Finance Division stated.
The ministry emphasized that Saqib’s appointment represents a significant milestone in Pakistan’s commitment to harnessing the transformative potential of crypto assets. His insights will be crucial in mitigating risks, ensuring financial security, and assessing the long-term economic impact of digital currencies in Pakistan.
Finance Minister Muhammad Aurangzeb hailed the appointment, stating, “Saqib’s leadership reinforces our vision of integrating emerging technologies into the financial system while ensuring regulatory safeguards. We are confident that his expertise will help shape a forward-thinking and balanced approach to cryptocurrency regulation, fostering innovation and sustainable growth in Pakistan’s crypto sector.”
Expressing his enthusiasm, Saqib remarked, “Cryptocurrency and blockchain present tremendous opportunities for Pakistan, especially for the younger generation, who are at the forefront of the digital revolution. With well-defined policies and a sound regulatory framework, we can empower our youth, drive economic expansion, and position Pakistan as a leading player in the crypto space.”
The Finance Ministry affirmed that Saqib’s appointment is a crucial step in Pakistan’s ambition to become a regional leader in cryptocurrency adoption. His advisory role will be pivotal in helping the country navigate the economic, regulatory, and security challenges posed by the evolving digital asset landscape.