The government of Pakistan appointed Bilal bin Saqib as advisor to the finance minister on the Pakistan Crypto Council. The announcement was made on Wednesday by the Finance Division.
The decision has been made as a move to fulfill the government’s commitment to technological advancement, economic digitization, and financial security.
“Bilal Bin Saqib will lend his extensive 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,” the statement read.
Bilal, an investor in the Web3 sector, has represented Pakistan on several global platforms, including NFT NYC, the World Economic Forum, ETH Barcelona, and Token 2049. He is a recognized global thought leader in blockchain and has been instrumental in advancing projects related to tokenizing real-world assets, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), artificial intelligence, and institutional blockchain applications.
Bilal has played a crucial role in fostering awareness and growth in blockchain technology in Pakistan. His services have earned him a place in the Forbes ’30 under 30′ list, and he has received recognition from King Charles III, the late Queen Elizabeth II, and the Mayor of London.
In 2023, Bilal was awarded the MBE (Member of British Empire) for his contribution to the United Kingdom’s National Health Service. He also received the 1632nd Points of Light Award from the British Prime Minister for his efforts in social change.
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Finance Minister Senator Muhammad Aurangzeb appreciated his appointment. “Mr. Saqib’s appointment reinforces our commitment to emerging technologies and a secure, transparent financial system. His leadership will be pivotal in developing a sound regulatory framework that nurtures innovation and sustainable growth in Pakistan’s crypto sector,” said the minister.
Reflecting on Pakistan’s digital future, Bilal shared his vision for the country’s crypto ecosystem: “With nearly 70% of Pakistan’s population under 30, we have a young, tech-savvy generation ready to innovate in the digital space. By adopting a progressive approach to crypto and blockchain, we can attract foreign investment, create jobs, and empower our youth to drive Pakistan’s economic future.”
He further added, “In 2021, Pakistan ranked third in global crypto adoption, and we remain among the top 10 countries today. With the right policies and determination, we can solidify Pakistan’s position on the global crypto map, unlocking vast economic opportunities.”