ISLAMABAD: As the concept of currency rapidly shifts from traditional banking to digital systems, economies worldwide are exploring crypto-based models — and Pakistan may not be far behind. According to Bilal Bin Saqib, CEO of the country’s Digital Cryptocurrency Council, the nation’s youth can play a vital role in building a secure and modern financial system through blockchain technology.
“The idea of digital currency — often called digital gold — removes the need for third parties in online business or value exchange. It’s time for Pakistan’s youth to use it effectively for their financial future,” Bilal said in an interview with HUM News on Thursday.
He added that cryptocurrency platforms can empower Pakistanis aged 18 to 40, helping them create sustainable income streams from home. “This is the future — robots and digital systems will exchange value through crypto. I came back from the US to guide young Pakistanis in virtual finance,” he explained.
Responding to skepticism about digital currencies, Bilal compared it to the early days of social media. “People once doubted platforms like WhatsApp and Instagram. Now, crypto faces the same suspicion — but countries like the U.S. and India have already invested heavily in developing it. If they can, why not Pakistan?” he questioned.
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He further revealed that Pakistan has recently signed agreements with the US administration to strengthen its crypto infrastructure. Citing examples, he said, “In Bhutan, 38 per cent of GDP now comes from crypto-related activity, while Ethiopia earned Rs2 billion from the sector last year.”
Highlighting Pakistan’s potential, Bilal noted that true economic growth depends on both natural and human resources. “Pakistan has minerals, but its real strength lies in its talented youth who can build and innovate with blockchain,” he emphasized.
The Pakistan Virtual Access Regulatory Authority (PVARA) is reportedly overseeing the national crypto framework. Bilal said the system is now “fully transparent, cheat-free, and linked to the State Bank of Pakistan and IT ministries,” reflecting a structured policy shift toward digital finance.
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“The government encourages young people to be creators, not just consumers, in this digital economy,” Bilal concluded.