Bilal Bin Saqib has been officially appointed as the chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA). The appointment was approved by Prime Minister Shehbaz Sharif and comes with the status equivalent to a minister of state.
According to official sources, Bilal Bin Saqib will now hold the PVARA chairman position for a three-year term. This role will involve overseeing the regulation of virtual assets and cryptocurrencies across Pakistan, aiming to strengthen governance in the growing digital finance sector.
The prime minister also accepted Bilal Bin Saqib’s resignation from his previous role as CEO of the Crypto Council. His new appointment underscores the government’s focus on professionalizing and regulating the crypto and blockchain industry in the country.
Before this appointment, Bilal Bin Saqib served as Special Assistant to the Prime Minister on Blockchain and Cryptocurrency. In that capacity, he was actively involved in shaping policies, advising on digital asset regulations, and promoting fintech innovations. His expertise in the field makes him a key figure in Pakistan’s push towards a structured virtual asset ecosystem.
Officials noted that under his leadership, PVARA is expected to implement stricter compliance measures and provide guidance to cryptocurrency exchanges, investors, and other stakeholders. The authority will play a central role in ensuring transparency and accountability in the digital asset sector.
The government emphasized that the appointment of Bilal Bin Saqib reflects its commitment to advancing the virtual asset framework while protecting investors and maintaining financial stability. Analysts view this move as a step toward greater clarity and regulation in Pakistan’s digital economy.
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As PVARA begins its new phase under Saqib’s leadership, the focus will likely remain on creating a secure, transparent, and innovative environment for blockchain and cryptocurrency activities in the country. This appointment signals a significant milestone in Pakistan’s approach to digital financial governance.
