Pakistan has officially established the National Crypto Council to oversee and incorporate blockchain technology and digital assets into the nation's financial system. This development follows the recent appointment of Bilal bin Saqib as the Chief Advisor to the Finance Minister, tasked with managing digital assets. In light of global changes, Indian officials are currently re-evaluating the country's crypto stance. The Pakistan Crypto Council (PCC) will regulate and promote blockchain and cryptocurrency innovations within Pakistan’s economic framework. A statement from the Finance Division issued on Friday (March 14, 2025) characterized the council's formation as a pivotal advancement in the country's endeavor to embrace digital finance, positioning it as a significant player in the global transition towards blockchain technology. Finance Minister Muhammad Aurangzeb will lead the council, which will include key figures such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Law Secretary, and the Federal IT Secretary on its initial board. This diverse leadership structure is designed to ensure a balanced approach to regulatory oversight, financial stability, legal frameworks, and technological progress. According to The Express Tribune, Aurangzeb highlighted Pakistan’s ambition to take a leadership role in the digital finance sector during the launch. “The establishment of the Pakistan Crypto Council marks a significant move towards embracing innovation while ensuring the creation of a regulatory framework that safeguards investors and the financial system, ” he remarked. He also underscored the nation’s dedication to nurturing a responsible and forward-thinking crypto ecosystem for economic development.

Bilal bin Saqib emphasized the council’s importance, noting its focus goes beyond regulation to foster an environment where blockchain and digital finance can flourish. The PCC's key priorities will include creating clear regulatory guidelines to promote cryptocurrency adoption, collaborating with international crypto and blockchain organizations to implement best practices, and encouraging responsible innovation.