LAS VEGAS – Pakistan Crypto Council CEO and Special Assistant to PM on blockchain and crypto, Bilal Bin Saqib, has revealed that Pakistan is going to establish a “government-led” strategic Bitcoin reserves as the South Asian country has announced plenty of measures of to promote digital currency.
He announced it while addressing the Bitcoin 2025 conference in Las Vegas, Nevada, on Wednesday.
“This wallet, the national bitcoin wallet, is not for speculation or hype,” Bilal Bin Saqib announced. “We will be holding these Bitcoins and we will never, ever sell them.”
He also informed the participants that Pakistan has planned to set aside 2,000 megawatts of electricity to mine Bitcoin and power AI data centers.
He further said that the plan to set up Bitcoin reserve was inspired from the US. “We want to thank the United States of America again, for we are getting inspired from them,” Bin Saqib added.
Earlier this week, Bin Saqib was appointed as the special assistant to the Prime Minister on Blockchain and Crypto with the status of minister of state.
According to an official notification issued by the Prime Minister’s Office on May 26, 2025, the appointment has been made under Rule 4(6) of the Rules of Business, 1973, and takes immediate effect.
The Cabinet Division has been directed to take further necessary action in accordance with the notification.
The move reflects the government’s growing focus on digital innovation and its aim to harness the potential of blockchain technology and cryptocurrencies to modernize the country’s financial and technological infrastructure.
In March this year, the federal government appointed Bilal Bin Saqib as chief advisor to Finance Minister Muhammad Aurangzeb on Crypto Council in a major step to regularize cryptocurrency and blockchain technology in Pakistan.
The government had also issued a notification stating that he has been appointed with immediate effect and until further orders. It added that Saqib, who was also named in Forbes 30 under 30 list, will not receive any salary, perks or privileges.
