Pakistan Taps Bilal Bin Saqib as Crypto Czar—Can He Turn Blockchain Buzz Into Real Policy?

Pakistan’s PM just handed the crypto keys to Bilal Bin Saqib—a move that screams ‘late to the party’ but might just salvage the country’s Web3 ambitions.

No roadmap, no regulatory framework—just a shiny new title. Classic government innovation: appoint first, figure it out later.

Will this be another bureaucratic black hole for blockchain, or can Saqib cut through the red tape? Place your bets—volatility guaranteed.

Saqib Appointed CZ as Strategic Advisor to PCC

Saqib has also invited Binance founder Changpeng Zhao (CZ) to act as a Strategic Advisor to the PCC, helping shape regulatory frameworks, education programs, and infrastructure development.

As Special Assistant, Saqib will be tasked with key responsibilities: drafting FATF-compliant crypto regulations, launching state-backed Bitcoin mining projects, and overseeing blockchain integration in governance, land records, and finance.

He will also supervise licensing of VIRTUAL asset service providers and advance investor protection measures in the Web3 space.

Pakistan’s crypto market is already sizable. Chainalysis ranked it among the top 10 globally in 2023, with nearly 40 million users and $300 billion in annual trading volume.

PM Shahbaz Sharif @CMShehbaz appointed Mr Bilal Bin Saqib @Bilalbinsaqib as Special Assistant to PM on Block chain and Crypto with the status of Minister of State… correct decision but late,,, pic.twitter.com/l3HS3dYsN8

The country also produces 40,000 IT graduates each year and ranks fourth globally in freelance work.

Saqib’s appointment comes as Pakistan looks to leverage its digital potential and youthful population, where over 60% are under 30.

With this appointment, Pakistan joins a select group of nations, among them the U.S., UAE, and El Salvador, that have elevated crypto and blockchain oversight to the ministerial level.

Pakistan Reserves 2,000 MW to Power Crypto Mining and AI Centers

On Sunday, Pakistan committed 2,000 megawatts of surplus electricity to fuel bitcoin mining and artificial intelligence centers, marking a bold step in its digital transformation agenda.

The initiative aims to attract foreign investment while positioning the country as a serious player in the tech economy.

In the first phase, the government will direct excess power to infrastructure supporting crypto mining and AI development.

Finance Minister Muhammad Aurangzeb said the project is expected to bring billions in capital inflows and create high-skilled jobs nationwide.

He also confirmed that foreign companies have already begun exploring partnership opportunities, with several delegations visiting in recent months.

Saqib had earlier proposed the idea of utilizing untapped energy reserves for crypto mining during the Council’s March 21 meeting, attended by key regulators and government officials.

The second phase of the plan involves integrating renewable energy into these operations, aligning with broader sustainability goals.