Special Assistant to the Prime Minister on Blockchain and Cryptocurrency, and CEO of the Pakistan Crypto Council, Bilal Bin Saqib, has announced Pakistan’s first government-led Strategic Bitcoin Reserve.
He shared this development after delivering a keynote at Bitcoin Vegas 2025 in Las Vegas. The audience included U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr.
Saqib, holding the status of a state minister, has been visiting the U.S. to attract investment in Pakistan’s crypto market.
In his speech, he said, “Pakistan is not defined by its history. Fueled by its young, sharpened by need, and guided by a new generation of tech statesmen, it is being resurrected as a forward-looking centre of digital innovation.”
He added, “I’m not just here as a minister. I am here as the voice of a generation: one that is digital, on-chain, and relentless.”
He announced the creation of a national bitcoin wallet that will store digital assets already in state custody. These assets will act as a sovereign reserve to reflect the state’s long-term support for decentralised finance. He clarified that the reserve is not for speculation or sale.
Energy Allocation and Global Investment Appeal
Saqib also thanked Donald Trump for promoting crypto adoption and supporting peace efforts between India and Pakistan. He revealed that 2,000 megawatts of surplus electricity have been allocated in the first phase to power AI data centres and bitcoin mining.
This move welcomes sovereign miners, tech companies, and renewable energy partners to collaborate in Pakistan. With over 40 million crypto wallets and a large freelancing workforce, Pakistan is now working to formalise its digital economy.
Saqib is leading the establishment of the Pakistan Digital Assets Authority (PDAA), a regulatory body that will help builders, protect investors, and shape a future-ready finance framework.
He said, “Both bitcoin and Pakistan have suffered from poor public relations. However, if you look beyond the news, you will find something else: vision, resilience, and talent.”
Calling on global developers, he urged, “If you are creating something actual—come build it in Pakistan. Come create wallets for the unbanked. take tokenise land. Come match your goal with our youngsters and our relentless enthusiasm.”
He presented a “blueprint for the future of emerging markets in Web3,” highlighting Pakistan’s readiness to lead through its youth and technology.
Regulatory Framework and Future Plans
In May, Prime Minister Shehbaz Sharif appointed Saqib as his special assistant with ministerial status. Earlier, on February 25, the Finance Ministry had announced plans to form a National Crypto Council.
Later, Saqib was named CEO of the Pakistan Crypto Council.
The Finance Division confirmed that Saqib will launch bitcoin mining projects, lead blockchain integration in governance, finance, and land records, and build a FATF-compliant digital assets framework.
He will also oversee the licensing and regulation of virtual asset service providers and support Web3 ecosystem growth.
Through this strategy, the government aims to attract foreign investment, create high-tech employment, and boost revenue by using surplus electricity for bitcoin mining and AI development.
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