In a historic move that signals Pakistan’s dramatic entry into the global digital economy, Bilal Bin Saqib—newly appointed Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto and CEO of the Pakistan Crypto Council (PCC)—unveiled the country’s first-ever government-backed Bitcoin reserve.
The announcement was made at Bitcoin Vegas 2025, a prestigious international conference attended by key global figures, including U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr.
“This is more than a policy shift—it’s a redefinition of our national identity,” Bilal declared in his keynote speech. “I’m not just a minister; I’m the voice of a new Pakistan—one that is online, on-chain, and unapologetically future-facing.”
Bilal’s passionate address emphasized Pakistan’s deep integration with the crypto revolution. With over 40 million crypto wallets and one of the largest freelancer populations globally, Pakistan is well-positioned to lead in the decentralized finance movement. A major highlight was the introduction of a national Bitcoin wallet, housing digital assets already in state custody. This sovereign reserve, Bilal explained, is not meant for trading or speculation but symbolizes the state’s long-term trust in Bitcoin and the future of crypto assets.
Further demonstrating Pakistan’s strategic commitment, the SAPM revealed that the government has allocated 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and artificial intelligence data centers under Phase 1 of a national tech initiative. This decision not only supports blockchain infrastructure but also turns previously underutilized energy resources into engines of economic growth.
“This is just the beginning,” said Bilal. “With over 100 million unbanked citizens, we see crypto as a bridge to financial inclusion. We want to give our people the tools to save, invest, and transcend their current limitations.”
To regulate this fast-evolving sector, the government has also formed the Pakistan Digital Assets Authority (PDAA), a regulatory body that will oversee the nation’s crypto and blockchain ecosystem, ensuring transparency, innovation, and investor protection.
“Pakistan and Bitcoin have both faced criticism,” Bilal remarked. “But behind the noise lies a story of resilience, potential, and an untapped future.”
He ended by inviting global innovators: “If you’re building the future, build it in Pakistan—with our youth, with our energy, and with our belief in crypto.”