Hajra Naz
The Government of Pakistan has appointed Bilal Bin Saqib MBE as the Chief Advisor to the Finance Minister on the Pakistan Crypto Council. His appointment signals Pakistan’s continued efforts in adopting policy reforms that foster economic growth and technological advancements within the country’s structure whilst maintaining digital transformation and financial security.
Who is Bilal Bin Saqib?
Bilal Bin Saqib is a known Web3 investor and strategic advisor and has made remarkable contributions in blockchain as a thought leader. He is recognized in the Forbes 30 Under 30. His works within community development and technology earned him recognition, such as His Majesty King Charles III, Elizabeth II and the Royal Mayor of London.
Saqib was given an MBE in 2023 for his efforts to the UK National Health Service (NHS). He also received the 1632nd Point of Light Awards by the British Prime Minister for being a changemaker and was recognized with ‘the award for greatest impact’.
Role as Chief Advisor on Crypto Council
As Chief Advisor to the Finance Minister on the Pakistan Crypto Council, Saqib will play a vital part in coordinating cryptocurrency and blockchain advancements into Pakistan’s financial framework. His center will be on creating a solid administrative system for advanced resources that adjusts with the worldwide best practices.
Additionally, he will advise the Finance Ministry on leveraging artificial intelligence (AI) to move forward government proficiency, optimize decision-making, and drive advancement in open division operations.
Pakistan’s Move Toward Crypto Adoption
Saqib’s appointment is a major step in Pakistan’s digital finance advancement, guaranteeing monetary security, moderating risks, and surveying the effect of cryptocurrencies on the national economy.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, invited his appointment, emphasizing its noteworthiness in shaping Pakistan’s position in the digital economy.
“Mr. Saqib’s appointment underscores our commitment to embracing developing advances whereas guaranteeing a secure and straightforward financial framework. His administration will direct the improvement of a sound and viable administrative system, cultivating development and feasible development in Pakistan’s crypto sector.”
Saqib’s Vision for Crypto in Pakistan
Sharing his considerations on the appointment, Saqib highlighted the openings cryptocurrency and blockchain innovation offer, especially for Pakistan’s youth.
“Cryptocurrency and blockchain hold immense potential for Pakistan, particularly for the youth who are the driving constrain behind our advanced future. With the right procedures and directions, we can enable them, drive financial development, and position Pakistan as a pioneer in this space.”
A Step Toward Becoming a Crypto Leader
In Pakistan’s quest to lead the region in cryptocurrencies, this appointment represents a significant turning point. The country looks to investigate the administrative, financial, and security issues raised by the changing digital banking ecosystem with Saqib’s experience.
