Pakistan establishes Crypto Council under FinMin Aurangzeb
Business
Bilal Saqib has been named CEO of council
ISLAMABD (Dunya News) – The federal government has officially established the Pakistan Crypto Council under the leadership of Finance Minister Muhammad Aurangzeb.
According to the Ministry of Finance, the council aims to develop effective policies, promote innovations, and establish a secure financial system.
Bilal Bin Saqib, the chief adviser to the finance minister on the Pakistan Crypto Council, has been appointed its CEO.
Bilal Saqib will leverage his expertise in block chain technology, investment strategies and digital innovations to lead this initiative.
The council’s board includes the State Bank of Pakistan (SBP) governor, the chairman of Securities and Exchange Commission of Pakistan (SECP), and the federal secretaries of law and finance.
The council will provide regulatory recommendations for crypto adoption, establish global partnerships, and promote responsible financial innovation.
ADVISER'S APPOINTMENT
The government, a few days ago, appointed Bilal Bin Saqib MBE as the chief adviser to the finance minister on Pakistan Crypto Council to reaffirm Pakistan’s commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
According to press release issued by the finance ministry, Saqib, recognised by Forbes, is a Web3 investor, strategic adviser, and thought leader in the blockchain space.
Saqib was included by Forbes in their 30 under 30 list and has been acknowledged by King Charles III, the late Queen Elizabeth II, and the Mayor of London for his efforts for the community.
He was also the recipient of the 1,632nd Points of Light Award, awarded by the British Prime Minister to recognize change makers in the country. He received his MBE (Member of the British Empire) in 2023 for contributions to the National Health Service in the UK.
