Pakistan Crypto Council (PCC) CEO Bilal Bin Saqib has resigned as special assistant to the prime minister on blockchain and cryptocurrency, it emerged on Tuesday.
He continues to serve as Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA).
A Cabinet Division notification, signed on October 13, said Prime Minister Shehbaz Sharif accepted Saqib’s resignation from the post with effect from August 21.
He was appointed to the position on May 26, with the status of minister of state.
Saqib was appointed president of PVARA with the status of minister of state on a pro bono basis for three years on August 1.
PVARA is an autonomous federal body governed by a multi-stakeholder board that includes the governor of the State Bank of Pakistan, the chairman of the Pakistan Securities and Exchange Commission and the chairman of the Federal Board of Revenue. Its mandate is to curb illicit finance, protect consumers and unlock opportunities in fintech, remittances and tokenized assets, while fostering Sharia-compliant innovation through regulatory sandboxes.
According to ForbesSaqib, who is part of its ’30 under 30′ list, is the co-founder of Tayaba, which the publication describes as “a social enterprise that aims to provide solutions to the water crisis in Pakistan.”
He also received his MBE in 2023 for his contributions to the UK National Health Service, the statement added.
An MBE, which stands for “Member of the Most Excellent Order of the British Empire”, is awarded for outstanding achievement or service to the community that has had a significant long-term impact.
