Three-year term on honorary basis with Minister of State status
Bilal bin Saqib Takes Charge as PVARA Chairman
Bilal bin Saqib, Minister of State for Crypto and Blockchain, has been appointed Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA) for a three-year term on an honorary basis, following a decision of the federal cabinet that takes effect immediately.
In compliance with bureaucratic regulations, he resigned from his role as Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto, a post he had held since May 2025 with Minister of State status. Under the Rules of Business 1973, a SAPM cannot simultaneously serve as chairman of a statutory regulatory authority.
Role and Responsibilities
Saqib’s new position carries the status equivalent to a Minister of State, but it is unpaid, as the appointment is on an honorary basis.
During his tenure as SAPM, Saqib has:
- Led Pakistan’s national blockchain strategy
- Overseen the establishment of PVARA
- Guided policy on crypto regulation, fintech development, and virtual asset frameworks
He will continue to play a central role in the country’s crypto developments, dispelling rumours circulating on WhatsApp about the potential closure of the crypto ministry.
Upcoming Engagements
Saqib is scheduled to speak at Binance Blockchain Week in Dubai on Wednesday, December 3, signaling continued engagement with global crypto and blockchain initiatives.
Officials confirm that Pakistan’s crypto and blockchain programs remain active and ongoing.
Strategic Implications for Pakistan’s Crypto Sector
The appointment of Bilal bin Saqib as PVARA chairman marks a significant step in institutionalising Pakistan’s regulatory framework for virtual assets. By separating his policy advisory role from statutory oversight, the government aims to:
- Ensure bureaucratic compliance while maintaining policy continuity
- Strengthen regulatory independence of PVARA
- Enhance Pakistan’s credibility in global crypto governance circles
This move comes at a time when crypto adoption, investment, and innovation are rapidly increasing in Pakistan. The clear delineation between policy formulation and regulatory enforcement could foster investor confidence and attract fintech collaborations, positioning Pakistan as a competitive player in the blockchain ecosystem.