Meet Bilal bin Saqib, who is given responsibility to make Pakistan 'king' of bitcoin, his net worth is Rs ..
Pakistan took a big step last week and created their first government 'Strategic Bitcoin Reserve'. This means that Pakistan is now looking at Bitcoin cryptocurrency as an asset. Their aim is to attract investments from around the world. They want to show that they are serious about digital assets.
The announcement came when Prime Minister Shahbaz Sharif appointed 34-year-old Bilal Bin Saqib as his special assistant. Bilal Bin Saqib is the CEO of Pakistan Crypto Council (PCC) and has been given the status of a Minister of State. This means that the government is giving him a lot of importance in matters of crypto.
What does Bilal do?
Bilal bin Saqib is the co-founder of an organization named Tayaba. This organization works to solve the water problem in Pakistan. According to Forbes, their famous product is the 'H2O Wheel'. This is a wheel with which people can easily carry up to 40 liters of water. This helps women and children in rural areas a lot in fetching water. Tayaba has distributed more than 5500 wheels in Pakistan.
He is the founder of 'Web3 Pakistan'. It is Pakistan's first and largest blockchain community. He has helped organize major blockchain events such as ETHBarcelona. He has also given speeches at the World Economic Forum and NFT NYC.
Studied from London
Bilal Bin Saqib has a degree in innovation and entrepreneurship from the London School of Economics. He is also on the advisory board of Queen Mary University of London. Before joining blockchain in 2017, he worked as an international strategy consultant for 10 years. He mostly helped UK companies expand into Asia and Africa.
Featured in Forbes 30 Under 30
In the year 2023, Bilal was awarded the MBE (Member of the Order of the British Empire) by King Charles. He received this honor for doing relief work through the 'One Million Meals' initiative during COVID-19 in the UK. He has also been included in the Forbes 30 Under 30 list. This list is of those youth who have done good work in the society.
What will be Bilal's work?
Bilal Bin Saqib has been given many responsibilities. He has to create a framework for digital assets as per FATF rules. FATF is an organization that looks after whether money is being misused or not.
He has to start national bitcoin mining projects. Bitcoin mining means creating bitcoins . He has to incorporate blockchain technology in finance, land records and government work. He also has to license Virtual Asset Service Providers (VASPs). VASPs are companies that provide services related to crypto. He also has to promote the Web3 ecosystem. Web3 is a new form of internet in which blockchain technology is used.
What is the net worth?
Bilal, born in July 1990, has a good amount of wealth. Although not much is known about his wealth, according to media reports, his net worth is said to be $2.42 million (about Rs 20.68 crore). He is also the CEO of UK's best digital marketing agency BBS & Co.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
6 minutes ago
- The Hindu
Understanding Online Personal Loan and How Interest Rates Work
In today's fast-paced world, financial needs often come unannounced — from covering wedding expenses and medical emergencies to planning a long-awaited vacation. This is where an online personal loan steps in as a reliable and convenient solution. With just a few clicks, you can access funds directly into your bank account, without the hassle of lengthy paperwork or multiple branch visits. But before you apply, it's important to understand how a personal loan interest rate works. Knowing this will not only help you borrow smartly but also save money over the long run. Let's break it down in simple terms. What is an online personal loan An online personal loan is an unsecured loan that you can apply for through a digital platform, without pledging any collateral. Lenders like Bajaj Finance make the entire process quick and seamless — from application to approval and disbursal. You simply need to meet the eligibility criteria, submit a few basic documents online, and the funds can be credited to your account in just 24 hours*. This type of loan is flexible and can be used for almost any purpose, such as renovating your home, managing medical bills, funding higher education, or travelling. Why interest rates matter The personal loan interest rate plays a huge role in determining how much you'll pay back over time. Since personal loans are unsecured, lenders assess your eligibility based on factors like credit score, monthly income, employer profile, and repayment history. A lower interest rate means lower EMIs and overall repayment cost. On the other hand, a higher rate could strain your monthly budget. For example, if you borrow Rs. 5 lakh at an interest rate of 10% p.a., your EMI will be more affordable than if the same amount were borrowed at 18% p.a. Factors affecting personal loan interest rate Credit score - Your credit score reflects how responsible you are with credit. A score above 685 usually gets you a better deal. Income and employment stability - Lenders prefer borrowers with a steady income source. Higher earnings often mean a lower rate of interest. Existing debt - If you already have multiple loans, lenders may see you as high-risk, which could increase your interest rate. Loan amount and tenure - The amount you borrow, and the repayment tenure also influence the interest rate. Shorter tenures may come with slightly lower interest rates, though your EMIs might be higher. Lender's policy - Each lender has its own set of terms and conditions, with interest rates tailored to suit different customer profiles. Why choose Bajaj Finance for an online personal loan? Bajaj Finance makes borrowing hassle-free by offering high-value loans with simple eligibility requirements and an easy online application process. Here's why you should choose a Bajaj Finserv Personal Loan: Quick approval and disbursal – Get funds credited to your account in just 24 hours*. Transparent process – No hidden charges, with complete clarity on interest rates and fees. Flexible repayment – Choose a tenure of up to 96 months to keep your EMIs comfortable. Pre-approved offers – Existing customers may receive instant pre-approved deals, reducing paperwork. Digital convenience – Apply online from the comfort of your home. Tips to get the best deal Maintain a good credit score – Pay your bills and EMIs on time. Compare rates – Always check and compare interest rates before finalising a lender. Borrow only what you need – A smaller loan amount reduces your repayment burden. Opt for a comfortable tenure – Balance between EMI affordability and overall interest outgo. An online personal loan can be a lifesaver in times of need, provided you understand how the personal loan interest rate impacts your repayment journey. With Bajaj Finance, you not only enjoy digital convenience but also get access to competitive interest rates and flexible repayment options. Whether it's managing urgent expenses or fulfilling a long-term dream, borrowing smartly ensures that your financial health stays on track while you meet your goals with ease. *Terms and conditions apply 'This article is part of sponsored content programme.'
Economic Times
8 minutes ago
- Economic Times
First 'Made in India' semiconductor chip likely by December: MoS Jitin Prasada
ANI First packaged chip expected to be out by December 2025: MoS Electronics & IT Jitin Prasada The first-ever 'Made in India' semiconductor chips is expected to roll out of the assembly lines by the end of 2025, Jitin Prasada, Minister of State for Electronics and Information Technology, said. "The first packaged chip is expected to be out by December, 2025," the Minister said in response to a questionnaire from ANI, besides underlining the status of India's nascent yet progressing semiconductor ecosystem. The government has laid a pathway towards an India that will build chips for the world, aligned across the supply chain, from assembly/testing to design, and manufacturing to exports, the minister said. The government has approved the Semicon India programme with a total outlay of Rs 76,000 crore for the development of the semiconductor and display manufacturing ecosystem in the country It provides fiscal support of 50% of the project cost on pari-passu basis for setting up of Silicon Complementary Metal-Oxide-Semiconductor (CMOS) based Semiconductor Fabs in India, fiscal support of 50% of project cost on pari-passu basis for setting up of Display Fabs; fiscal support of 50% of the capital expenditure on pari-passu basis for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including Micro-Electro-Mechanical Systems) Fab/ Discrete Semiconductor Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / Outsourced Semiconductor Assembly and Test (OSAT) facilities, the minister outlined. As on date, the government has approved 10 semiconductor manufacturing projects with a cumulative investment of more than Rs 1.60 lakh crore in 6 states - Gujarat, Assam, Uttar Pradesh, Punjab, Odisha, and Andhra Pradesh."The approved projects are under various phases of implementation and are expected to start commercial production in 1-5 year time frame," he said in his response, without getting into specifics of each project. These projects, according to the minister, are expected to generate more than 29,000 direct jobs, depending on the maturity of factory automation. Further, to strengthen semiconductor manufacturing, and creating a semiconductor ecosystem in the country, the government has entered into Memorandum of Understanding (MoU) with the US, European Union, Japan and Singapore. Semiconductor manufacturing is a very complex and a Technology intensive sector which requires specialised skilled manpower. To address this, a new curriculum was introduced by the All India Council for Technical Education (AICTE) for VLSI Design and Technology, Integrated Circuit (IC) government is also shaping skilled manpower in the semiconductor design sector and providing EDA tools to design semiconductor chips, the minister said.A 'Design Linked Incentive (DLI) Scheme' was also approved as part of the Semicon India Programme with an overall outlay of Rs 1000 Crore to nurture the entrepreneurship ecosystem by way of encouraging and supporting the design and deep tech start-ups involved in the semiconductor design ecosystem in the country."So far, 72 design companies (including start-ups and MSMEs) have been approved for semiconductor chip design infrastructure support under the DLI Scheme. Out of these, 23 companies have also been approved for P-DLI for developing semiconductor chip/ SoCs for applications in sectors such as automotive, mobility, computing, communications companies are developing semiconductor IP cores, chips, SoCs, and systems to serve the Indian market as an import substitute and for export to international markets," the minister noted. In another query regarding the progress made by the government on the AI mission front, the minister shared a status note, outlining the advances made in this emerging technology. In March 2024, the Government of India approved the IndiaAI Mission to build a precise and cohesive strategy for the AI ecosystem, catalysing AI innovation through strategic programs and partnerships across the public and private sectors. The IndiaAI Mission comprises 7 pillars: IndiaAI Compute, IndiaAI Application Development Initiative, AIKosha, The IndiaAI Foundation Models, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe and Trusted Minister further apprised that India is also set to host the upcoming Artificial Intelligence (Al) Impact Summit in February 2026, focusing on the impact of AI on People, Planet, and Progress and is the fourth in a series of global AI summits. Focus group consultations with civil society, industry, startups, academia, and international organisations have been completed, along with a round of public consultation that concluded on June 30th. A call for proposals from organizations worldwide has been launched to host affiliated pre-summit events from August 11, 2025, to January 31, 2026, the minister further said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Swiggy, Tencent backer Prosus gets Rajinikanth fan to script India AI play India's F&O boom puts spotlight on retail protection through education Can new shipping laws bury the ghost of British legacy? As big fat Indian wedding slims to budget, Manyavar loses lustre Stock Radar: Bajaj Auto showing signs of reversal after falling over 30% from highs; medium term should 'buy the dip' F&O Radar | Deploy Bull Call Ladder in JSW Steel stock to benefit from bullish outlook Time for risk-takers to come out of hibernation? 5 mid-cap stocks from different sectors with an upside potential of up to 27% Buy, Sell or Hold: Motilal Oswal initiates coverage on JSW Cement; Emkay Global sees over 30% upside in Gravita India
Economic Times
8 minutes ago
- Economic Times
Parliament passes bill to set up IIM in Guwahati
The Rajya Sabha approved a bill to establish an Indian Institute of Management (IIM) in Guwahati. The Union government will provide Rs 550 crore for the project. The Lok Sabha already passed the bill. Union Education Minister Dharmendra Pradhan said this will be the 22nd IIM in the country. It will be the 9th IIM under the Narendra Modi government. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Rajya Sabha on Wednesday passed a bill to set up an Indian Institute of Management (IIM) in Guwahati with the Union government providing a capital support of Rs 550 bill was passed by the Lok Sabha on Opposition staged a walkout after the Indian Institutes of Management (Amendment) Bill, 2025 was introduced in the Rajya to the discussion on the bill, Union Education Minister Dharmendra Pradhan said this will be the 9th IIM to be established under the Narendra Modi-led government in the last 10 years."The 22nd IIM in the country will be set up in Guwahati at an investment of Rs 555 crore," the minister expressed gratitude to Assam Chief Minister Himanta Biswa Sarma for his efforts to seek approval for the establishment of an IIM in the state."I am happy today (with) the way Northeast is emerging. Our Prime Minister Narendra Modi is solidly behind the Northeast... IIM Guwahati will certainly create a bigger scenario for entire Northeast, especially Assam and Guwahati," Pradhan Indian Institutes of Management (Amendment) Bill, 2025, which was passed amid din in the Lower House on Tuesday, will help set up the second IIM in the Northeast after establishment of an IIM in Guwahati as an institution of national importance is one of the projects under the special development package provided to Assam.
