From Rupees to Bitcoin: Pakistan, El Salvador Unite

In a move that stirred excitement across the global crypto landscape, Pakistan has entered the realm of “Biplomacy”—a fusion of Bitcoin and diplomacy. During a summit in San Salvador, Pakistan’s State Minister for Crypto and Blockchain, Bilal Bin Saqib MBE, met with President Nayib Bukele of El Salvador to ink a groundbreaking agreement centered on digital asset cooperation. This pact signals Pakistan’s pivot toward embracing Bitcoin as El Salvador did when it made it legal tender.

With El Salvador’s Bitcoin holdings now exceeding $760 million, Pakistan has signed a Letter of Intent (LoI) to collaborate on crypto adoption, blockchain integration, and financial inclusion. Back home, Pakistan is forming the Pakistan Virtual Assets Regulatory Authority (PVARA) and laying groundwork for a national Bitcoin reserve. The bilateral partnership represents a forward-thinking bond built on innovation, inclusion, and the pursuit of monetary independence.