Bilal Bin Saqib Appointed Chief Advisor to Finance Minister on Pakistan Crypto Council
- Abeera Marium Siddiqui
- March 5, 2025
- 5:17 pm
- 107
- Business
Pakistan Crypto Council is taking a big step forward. The government has appointed Bilal Bin Saqib as the Chief Advisor to the Finance Minister. This decision highlights Pakistan’s commitment to blockchain technology and digital asset regulation.
Strengthening Crypto Regulations in Pakistan
The Ministry of Finance confirmed Saqib’s appointment in an official statement. As a Web3 investor and strategic advisor, he will help shape the country’s cryptocurrency policies. His role includes developing a strong regulatory framework that aligns with global standards.
Finance Minister Muhammad Aurangzeb praised Saqib’s expertise. He said the government is focused on a secure and transparent financial system. Saqib’s insights will help Pakistan embrace digital assets while ensuring financial security.
Who is Bilal Bin Saqib?
Bilal Bin Saqib is a well-known name in blockchain and technology. He was featured in Forbes’ 30 Under 30 list and has received many international awards. In 2023, he earned an MBE (Member of the British Empire) for his work with the UK’s National Health Service (NHS).
King Charles III, the late Queen Elizabeth II, and the Mayor of London have also recognized his efforts. His deep knowledge of Web3 and digital finance makes him an ideal choice for this advisory role.
Key Responsibilities of the Chief Advisor
As the Chief Advisor to the Finance Minister on Pakistan Crypto Council, Saqib will focus on:
- Developing clear regulations for cryptocurrency.
- Ensuring financial security and reducing risks.
- Studying the impact of digital currencies on Pakistan’s economy.
- Advising on artificial intelligence (AI) in financial policies.
- Promoting blockchain innovation for economic growth.
Pakistan’s Vision for Digital Assets
The government wants to make Pakistan a leader in the digital asset space. The Finance Minister has announced plans for a National Crypto Council. This council will include government officials, regulators, and industry experts.
A recent high-level meeting focused on global cryptocurrency regulations. Experts and foreign delegates discussed financial security, FATF (Financial Action Task Force) compliance, and economic stability.
Balancing Innovation and Regulation
Pakistan has over 20 million digital asset users. But the industry faces challenges like high transaction fees and unclear regulations. The government plans to fix these issues by creating a safe and transparent investment environment.
The Finance Minister has asked experts to draft a digital asset framework. The goal is to ensure security, prevent financial crimes, and encourage responsible investment. Pakistan aims to support innovation while maintaining strong regulatory oversight.
