Bilal Bin Saqib Named Chief Advisor to Pakistan Crypto Council
Pakistan has appointed Bilal Bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council. This move signals the country’s commitment to establishing a regulated framework for digital assets.
The Finance Division announced the appointment on Wednesday, emphasizing Pakistan’s dedication to technological advancement, economic digitalization, 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 Bin Saqib, Forbes 30 Under 30 innovator.
Saqib, a Forbes-recognized entrepreneur and Web3 investor, is well-respected in the blockchain space. His new role comes as Pakistan considers adopting digital currency amid evolving global regulations. The finance ministry also stated that Saqib’s expertise will extend to artificial intelligence (AI) applications in governance to improve efficiency, decision-making, and public-sector innovation.
According to the statement, Saqib’s appointment is a significant step in Pakistan’s efforts to mitigate risks, ensure financial security, and assess the broader impact of cryptocurrencies on the national 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 an effective regulatory framework, fostering innovation and sustainable growth in Pakistan’s crypto sector,” the ministry said.
Who is Bilal Bin Saqib?
Based in London, Bilal Bin Saqib has a history of digital innovation and social impact. He has received recognition from King Charles III, the late Queen Elizabeth II, and the Mayor of London. His work spans blockchain technology, crypto investments, and social entrepreneurship.
In 2023, Saqib was awarded an MBE (Member of the British Empire) for his humanitarian work during the COVID-19 pandemic. He led the One Million Meals initiative, providing more than 100,000 meals to NHS staff and vulnerable populations throughout the UK.
Saqib holds a Master’s in Social Innovation and Entrepreneurship from the London School of Economics (LSE). He’s also a recipient of the 1632nd Points of Light Award, presented by the British Prime Minister to individuals who make outstanding contributions to their communities.
Beyond fintech, Saqib co-founded Tayaba, a social enterprise addressing Pakistan’s water crisis. This enterprise introduced the H2O Wheel, an innovative water transportation device intended to ease the burden on rural communities.
Pakistan’s Crypto Roadmap
Pakistan has been developing its cryptocurrency landscape, with the government signaling its intent to formalize digital asset regulations. The appointment of a dedicated crypto advisor is seen as a strategic move to align Pakistan’s policies with global financial trends.
In his first remarks after the appointment, Saqib highlighted the transformative potential of cryptocurrency in Pakistan, particularly for the younger generation. “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 stated.
The finance ministry views this appointment as a crucial milestone in Pakistan’s digital transformation, ensuring that the country is prepared to handle the regulatory, economic, and security challenges presented by this fast-evolving sector.
