ISLAMABAD
Minister of State for Crypto & Blockchain and CEO of the Pakistan Crypto Council (PCC), Bilal Bin Saqib, emphasized on Friday the importance of Pakistan’s youth stepping up as leaders in the digital economy, leveraging robust government support and cutting-edge crypto platforms to build lasting economic empowerment.
Bin Saqib, speaking exclusively to a private news channel, encouraged youth to lead Pakistan’s digital economy growth through crypto adoption and strong government backing, adding, crypto could be a game-changing force for Pakistan’s economic future. He highlighted the critical role of blockchain technology in shaping a secure financial future amid the global move towards digital currencies.
Minister Bilal Bin Saqib explained that digital currency, often called “digital gold,” eliminates the need for third parties in online transactions and value exchange, adding, this innovation can transform the way business is conducted, making it more secure and efficient. He urged Pakistan’s youth to embrace this technology and use it effectively to secure their financial future, highlighting the significant opportunity crypto presents in building a modern economy.
He emphasized that crypto currency platforms have the potential to empower Pakistanis between 18 and 40 years old by enabling them to generate sustainable income from the comfort of their homes. “This is the future automated systems and digital technologies will transact value using crypto. I returned from the US with a mission to mentor young Pakistanis in the realm of virtual finance,” he explained.
Responding to skepticism about digital currencies, Bilal drew a parallel with the early days of social media. “Just as platforms like WhatsApp and Instagram were once doubted, crypto is now facing similar skepticism. However, countries like the U.S. and India have already made significant investments in this space, he said, adding, Pakistan, with its talented youth and growing tech ecosystem, is perfectly positioned to embrace and lead in the crypto revolution.
Highlighting global success stories, he noted, “In Bhutan, crypto now contributes 38% of GDP and Ethiopia earned Rs2 billion from the sector last year.” With such momentum worldwide, Pakistan is well-placed to unlock significant economic benefits through crypto innovation. Bilal highlighted that Pakistan’s true strength lies in its talented youth, who can drive economic growth and innovation through blockchain technology beyond its natural resources.
To another query, he said the Pakistan Virtual Access Regulatory Authority (PVARA) oversees a transparent, cheat-free crypto framework linked with the State Bank and IT ministries, marking a clear shift toward digital finance.
The government, led by the Prime Minister is committed to empowering youth to be creators, not just consumers in this digital economy,” Bilal concluded, appreciating the strong policy support driving Pakistan’s tech and crypto advancements.
