Pakistan's Strategic Move into Cryptocurrency Under Bilal Bin Saqib's Leadership

Bilal Bin Saqib, a respected social entrepreneur, is leading Pakistan's ambitious foray into the cryptocurrency landscape. As CEO of the Pakistan Crypto Council (PCC) and Special Assistant to Prime Minister Shehbaz Sharif on blockchain and cryptocurrency, Saqib is spearheading efforts to integrate digital assets into the nation's financial framework.

Pakistan's Strategic Embrace of Cryptocurrency

Under Saqib's guidance, Pakistan is evolving from a cautious observer to an active participant in the global crypto arena. The government's strategy encompasses several key initiatives:

• Establishing a National Bitcoin Reserve: In May 2025, Saqib announced plans for a national bitcoin reserve, signaling a long-term commitment to digital assets. The government intends to hold bitcoin in a national wallet, without immediate plans for sale, drawing inspiration from similar strategies adopted by countries like the United States.
• Allocating Resources for Crypto Infrastructure: Pakistan intends to dedicate 2,000 megawatts of electricity to support bitcoin mining and artificial intelligence data centers, leveraging surplus power to stimulate technological advancement.
• Developing Regulatory Frameworks: Efforts are underway to formalize cryptocurrency regulations, aiming to attract foreign investment and provide clarity for all stakeholders. Saqib emphasizes the necessity of a pro-business legal framework to position Pakistan as a leader in blockchain-powered finance.

Saqib's Vision for Pakistan's Crypto Ecosystem

Saqib envisions a holistic approach to integrating cryptocurrency into Pakistan's economy:

• Legalization and Regulation: Acknowledging that a significant portion of the Pakistani population, estimated between 15 to 20 million, holds digital assets, Saqib advocates for legalizing cryptocurrency to unlock its economic potential and integrate transactions into the formal economy.
• Youth Empowerment: Recognizing that nearly 70% of the population is under 30, Saqib sees an opportunity to empower the youth through blockchain and Web3 innovation, fostering job creation and driving economic growth.
• International Collaboration: Pakistan is actively engaging with countries like the UAE, Nigeria, and Turkiye to learn from their regulatory models and develop a balanced, pro-growth tax structure designed to encourage foreign investment.

Positioning Pakistan in the Global Crypto Landscape

Saqib's initiatives are designed to establish Pakistan as a competitive player in the global cryptocurrency market:

• Cost-Effective Environment: Pakistan offers relatively low operating costs for crypto businesses, making it an appealing alternative to established hubs such as Dubai and Singapore.
• Regulatory Sandboxes: The creation of regulatory sandboxes will allow crypto startups to operate in a controlled environment, fostering innovation while ensuring compliance with regulations.
• Learning from Global Trends: Saqib stresses the importance of aligning with global trends, such as the recognition of cryptocurrency as a strategic asset by countries like the U.S., to avoid falling behind in the digital financial revolution.

Implications for the Broader Region

Pakistan's proactive stance on cryptocurrency, under Saqib's leadership, may influence neighboring countries. As Pakistan develops its regulatory frameworks and infrastructure, it sets a precedent that could encourage similar advancements across the region. The collaboration and competition between these nations may drive innovation and adoption across the region.

In conclusion, Bilal Bin Saqib's strategic vision and leadership are instrumental in transforming Pakistan's position on cryptocurrency. By embracing digital assets as strategic assets and cultivating an environment conducive to innovation, Pakistan aims to become a key player in the global crypto economy, potentially influencing the trajectory of digital finance in the region and beyond.