Bilal bin Saqib appointed as FinMin’s chief adviser on Pakistan Crypto Council

ISLAMABAD: The federal government has appointed Bilal bin Saqib as the chief adviser to the finance minister on the newly formed Pakistan Crypto Council, a move aimed at steering the country’s digital finance strategy.

The announcement comes after the Finance Ministry, on February 25, revealed plans to explore the creation of a National Crypto Council to incorporate digital currencies in line with global trends. A recent meeting between Finance Minister Muhammad Aurangzeb and foreign delegates, including advisers to former U.S. President Donald Trump, focused on digital assets and future developments in the space.

In a press release issued by the Finance Division on Wednesday, Saqib’s appointment is described as a reaffirmation of Pakistan’s commitment to technological progress. The ministry highlighted the significance of this move in advancing economic growth, digital transformation, and ensuring a secure, transparent financial system.

Bilal bin Saqib, a prominent figure in the Web3 and blockchain space, has been recognised globally, notably being featured in Forbes’ ‘30 under 30’ list for his work in tackling Pakistan’s water crisis through his social enterprise, Tayaba. His contributions also earned him an MBE (Member of the Most Excellent Order of the British Empire) in 2023 for his service to the UK’s National Health Service.

In his new role, Saqib will be instrumental in advising the finance ministry on integrating cryptocurrency and blockchain technologies into Pakistan’s financial ecosystem. His responsibilities will include developing a regulatory framework for digital assets that aligns with global standards. He will also explore the use of artificial intelligence (AI) to enhance government efficiency and foster public sector innovation.

Finance Minister Aurangzeb expressed confidence in Saqib’s leadership, stating that his expertise would drive innovation and sustainable growth in Pakistan’s crypto sector. Saqib, in response, emphasised the potential of blockchain technology to empower Pakistan’s youth and stimulate economic growth.

The Finance Division hailed this appointment as a pivotal moment in Pakistan’s journey to becoming a regional leader in cryptocurrency adoption.

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