Pakistan and El Salvador Forge Historic Crypto-Centric Partnership
In a groundbreaking move, Pakistan and El Salvador have entered into a bilateral agreement centered.
Around cryptocurrency—a first-of-its-kind international partnership with crypto at its core.
According to a recent Bloomberg report, Pakistan’s Head of Crypto Council and Special Assistant to.
The Prime Minister on Crypto and Blockchain, Bilal bin Saqib, met with El Salvador’s President Nayib Bukele in South America to finalize the initiative.
The core goal: mutual knowledge-sharing on Bitcoin adoption, blockchain policy, and national crypto strategy.
While El Salvador has been a global crypto pioneer—famously adopting Bitcoin as legal tender in 2021 and amassing over 6,238 BTC (worth roughly $745 million at current prices)—Pakistan is just beginning its digital asset journey. The South Asian nation is now planning to establish its own strategic Bitcoin reserve under a government-led initiative.
However, Pakistan faces a tougher regulatory climate. Earlier this month, the International Monetary Fund (IMF) rejected its proposal to subsidize electricity for BTC mining.
This is despite Pakistan’s plans to allocate 2,000 megawatts of additional power for crypto mining purposes.
The IMF, currently overseeing a $7 billion loan agreement with Pakistan (valid until 2027), remains staunchly opposed to crypto-related governance.
By contrast, El Salvador continues to invest in Bitcoin, even while under an IMF agreement of its own.
President Bukele’s administration remains committed to growing its BTC holdings, undeterred by external pressure.
With this new partnership, Pakistan aims to leverage El Salvador’s hard-won expertise in navigating crypto on a national level.
From Bitcoin accumulation strategies to mining advancements, the alliance marks a bold step forward for Pakistan as it explores crypto-backed economic development.
