In an effort to reshape its financial future, Pakistan has appointed Changpeng Zhao (CZ) as an advisor for the newly formed Pakistan Crypto Council (PCC). CZ, the founder of Binance, will join the PCC as the country is trying to find ways to ease its economic strain. As Pakistan tackles a major stock market crash, the inclusion of CZ as an advisor to the Pakistan Crypto Council is a beacon of hope for the country’s economy.

Sign up on Binance to trade Bitcoin and 350+ cryptocurrencies right away. Take advantage of our exclusive offer and stand a chance to win up to $1,000 in rewards. Don't miss out!

Pakistan’s Economy Takes a Major Hit

The Pakistan Stock Exchange (PSX) witnessed a downturn, with the KSE-100 Index dropping by 3,882 points on April 7. Due to this severe downturn, trading had to be stopped temporarily. Major sectors such as banking, industry, and energy dealt with losses that shook investors’ confidence. Pakistan Petroleum Limited Oil (PPL) and Gas Development Company (OGDC) were among the firms that were hit the hardest by this downturn.

In response to this strain, the Pakistani government is turning to the digital economy, blockchain, and cryptocurrencies to help revive the country’s economy. The creation of the Pakistan Crypto Council in March 2025 indicates a strong turning point in the policy.

Changpeng Zhao (CZ) Appointed as Advisor to PCC

CZ’s inclusion as an advisor is a strategic step to help accelerate and legitimize crypto adoption. Although Changpeng Zhao (CZ) stepped down as CEO of Binance in 2023, his influence on the global crypto landscape remains the same. To share his enthusiasm about the new project, CZ posted on his social media, “Honored to help Pakistan adopt crypto!”

Bilal Bin Saqib, CEO of the Pakistan Crypto Council, said, “Pakistan is opening its doors to the future of finance. And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.”

The PCC hopes to help Pakistan emerge as a leading hub for crypto innovation in South Asia. With CZ on board to guide them, the council’s aim is to create regulatory frameworks that align with global standards set by the Financial Action Task Force (FATF).

The Financial Action Task Force (FATF) is a global organization that sets international standards to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system 

Final Takeaways!

As Pakistan navigates domestic financial stress and global trade instability heightened by U.S. tariffs, the PCC’s efforts to embrace crypto and blockchain can be a turning point they are praying for. Whether this will attract foreign investment and stabilize the economy is to be seen, but the leadership of a global influencer like CZ is a signal that Pakistan intends to take the best step forward to succeed in this venture.