3 min read
ISLAMABAD: The government has appointed Bilal Bin Saqib as the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, reaffirming the country’s commitment to embracing technological advancements. This move aims to ensure sound policies that support the national economy, digital transformation, and a secure, transparent financial system.
Bilal Bin Saqib, a Web3 investor, strategic advisor, and thought leader in the blockchain space, has been recognized by Forbes in their 30 Under 30 list. He has also been acknowledged by King Charles III, the late Queen Elizabeth II, and the Mayor of London for his contributions to the community. Saqib received the 1632nd Points of Light Award from the British Prime Minister for his impact as a change-maker and was honored with an MBE (Member of the British Empire) in 2023 for his services to the National Health Service in the UK. Notably, he is also the brother of Pakistani actor Momin Saqib, further highlighting the family’s diverse contributions to various fields.
As the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, Saqib will leverage his expertise to help integrate cryptocurrency and blockchain technologies into Pakistan’s financial ecosystem. His role includes ensuring the development of a strong regulatory framework for digital assets in line with global best practices. Additionally, he will advise the Finance Ministry on utilizing artificial intelligence (AI) to enhance government efficiency, optimize decision-making, and drive innovation in public sector operations.
Saqib’s appointment represents a major step in Pakistan’s strategy to embrace the potential of digital currencies. His expertise is expected to ensure financial security, mitigate risks, and assess the impact of cryptocurrencies on Pakistan’s economy effectively.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb welcomed Saqib’s appointment, highlighting the crucial role of his expertise and innovative vision in shaping 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.
Commenting on his appointment, Saqib stated, “Cryptocurrency and blockchain technology hold immense potential for Pakistan, particularly for the youth, who are the driving force behind our nation’s digital future. 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.”
Saqib’s new role is a significant step in Pakistan’s efforts to become a regional leader in the cryptocurrency space. It highlights the government’s focus on preparing the country to address the regulatory, economic, and security challenges posed by this emerging sector.
