Pakistan has taken a major step towards adopting digital finance by launching its first government backed Strategic Bitcoin Reserve. The announcement was made by Bilal Bin Saqib, the Chief Executive of the Pakistan Crypto Council (PCC) and Special Assistant to the Prime Minister on Crypto and Blockchain with the status of a minister of state. Bilal Saqib made the announcement during a keynote speech at the Bitcoin Vegas 2025 event in Las Vegas which was attended by high profile guests including U.S. Vice President JD Vance, Eric Trump and Donald Trump Jr.
Bilal Saqib said that Pakistan is no longer defined by its past but is now moving forward as a center of digital innovation driven by its young population and a new generation of tech-savvy leaders. He introduced the concept of a national bitcoin wallet which will hold digital assets that are already in state custody. These assets will not be used for speculation or trading but will serve as a sovereign reserve.
Bilal Saqib also appreciated U.S. President Donald Trump for his role in promoting peace between India and Pakistan and for encouraging the use of cryptocurrencies. He further announced that the Pakistani government has allocated 2,000 megawatts of surplus electricity in the first phase to support bitcoin mining and artificial intelligence (AI) data centers.
Pakistan already has more than 40 million crypto wallets and one of the largest freelance economies in the world.
He encouraged global crypto developers and investors to come to Pakistan, build solutions for the unbanked, digitize land records and grow their projects with the help of Pakistan skilled youth. Bilal Saqib presented a clear vision for future of Pakistan in the Web3 space and called it a country full of opportunity and talent.
Also read this: COAS Asim Munir Meets Pakistan Crypto Council Chief to Discuss Digital Future
