The Government of Pakistan has appointed Bilal Bin Saqib MBE as the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, reinforcing the country’s commitment to technological innovation, digital transformation, and financial security. This move aims to ensure the development of a robust regulatory framework for cryptocurrency and blockchain technologies, aligning with global best practices.
Who is Bilal Bin Saqib?
Recognized by Forbes 30 Under 30, Bilal Bin Saqib is a Web3 investor, strategic advisor, and blockchain thought leader. His contributions have been acknowledged by King Charles III, the late Queen Elizabeth II, and the Mayor of London.
In 2023, Saqib was awarded the MBE (Member of the British Empire) for his contributions to the UK’s National Health Service (NHS). He is also a recipient of the 1632nd Points of Light Award, granted by the British Prime Minister to honor impactful changemakers.
Role & Responsibilities as Chief Advisor
In his new role, Bilal Bin Saqib will:
- Advise the Finance Ministry on integrating cryptocurrency and blockchain technologies into Pakistan’s financial ecosystem.
- Develop a regulatory framework for digital assets to ensure financial security and mitigate risks.
- Explore artificial intelligence (AI) applications in government operations to enhance efficiency and optimize decision-making.
- Support Pakistan’s ambition to become a regional leader in the digital economy.
Government’s Perspective on the Appointment
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, welcomed Bilal Bin Saqib’s appointment, emphasizing:
“His expertise and vision will be crucial in shaping Pakistan’s stance on emerging technologies while ensuring a secure and transparent financial system. We are confident that his leadership will drive innovation and sustainable growth in Pakistan’s crypto sector.”
Saqib’s Vision for Pakistan’s Digital Future
Commenting on his appointment, Bilal Bin Saqib stated:
“Cryptocurrency and blockchain technology hold immense potential for Pakistan, especially for the youth, who are at the forefront of our nation’s digital future. With the right strategies and regulatory measures, we can empower young innovators, boost economic growth, and establish Pakistan as a leader in the crypto and blockchain space.”
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A Step Towards Digital and Financial Innovation
Saqib’s appointment is a significant milestone in Pakistan’s digital transformation journey, ensuring that the country is well-prepared to navigate regulatory, economic, and security challenges associated with cryptocurrency adoption.
This move marks a bold step toward financial modernization, positioning Pakistan as a competitive player in the global digital economy.
