{"id":489939,"date":"2025-07-17T00:01:08","date_gmt":"2025-07-16T23:01:08","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=489939"},"modified":"2025-07-17T00:16:18","modified_gmt":"2025-07-16T23:16:18","slug":"el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets\/","title":{"rendered":"El Salvador, Pakistan inaugurate diplomatic relations to collaborate on digital assets"},"content":{"rendered":"

Pakistan and El Salvador have formalized diplomatic relations for the first time, anchoring the partnership on crypto collaboration and digital asset development, according to a July 16 announcement.<\/p>\n

The presser followed a meeting in San Salvador between Bilal Bin Saqib, special assistant to Pakistan\u2019s prime minister on crypto and blockchain, and El Salvador\u2019s President Nayib Bukele<\/a>.<\/p>\n

Saqib also heads the Pakistan Crypto Council, which has played a key role in shaping the country\u2019s emerging digital asset strategy.<\/p>\n

According to a statement from Pakistan\u2019s ministerial office, the two nations agreed to share expertise and build cooperation on blockchain policy.<\/p>\n

This marks a significant step for Pakistan as it embraces crypto technology despite constraints under its loan program with the International Monetary Fund.<\/p>\n

The South Asian country is currently operating under a $7 billion IMF facility that runs until 2027. While the country seeks to remain compliant with its obligations, the government is simultaneously advancing a broad crypto agenda.<\/p>\n

That includes setting aside 2,000 megawatts of power for Bitcoin mining<\/a>, planning a national Bitcoin (BTC<\/a>) reserve, and launching the Pakistan Digital Assets Authority in May to oversee crypto regulation.<\/p>\n

Saqib\u2019s visit also builds on a letter of intent signed earlier this year between the Pakistan Crypto Council and World Liberty Financial<\/a>, a firm linked to the Trump<\/a> family, aiming to accelerate blockchain adoption across the country.<\/p>\n

El Salvador, which adopted Bitcoin as legal tender in 2021, has emerged as a global pioneer in crypto policy under Bukele\u2019s leadership. To date, the country has accumulated over 6,000 Bitcoins<\/a>, and its crypto treasury is estimated at over $700 million.<\/p>\n

Despite international scrutiny, particularly from the IMF<\/a>, El Salvador has continued to promote digital assets as part of its national strategy, an approach that now appears to be influencing Pakistan\u2019s evolving financial policy.<\/p>\n

Crypto remains popular in Pakistan despite regulatory uncertainty. Estimates suggest that between 20 million to 40 million Pakistanis either hold some form of digital currency or have interacted with digital assets for their financial needs.<\/p>\n

As the country faces growing fiscal pressures and seeks new avenues for innovation and growth, its partnership with El Salvador may signal a strategic pivot toward a blockchain-driven economic future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan and El Salvador have formalized diplomatic relations for the first time, anchoring the partnership on crypto collaboration and digital asset development, according to a July 16 announcement. The presser followed a meeting in San Salvador between Bilal Bin Saqib, special assistant to Pakistan\u2019s prime minister on crypto and blockchain, and El Salvador\u2019s President Nayib […]<\/p>\n","protected":false},"author":1250,"featured_media":489949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,77968,77644],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nEl Salvador, Pakistan inaugurate diplomatic relations to collaborate on digital assets<\/title>\n<meta name=\"description\" content=\"Pakistan and El Salvador establish first-ever diplomatic ties, driven by innovative blockchain ambitions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador, Pakistan inaugurate diplomatic relations to collaborate on digital assets\" \/>\n<meta property=\"og:description\" content=\"Pakistan and El Salvador establish first-ever diplomatic ties, driven by innovative blockchain ambitions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-16T23:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T23:16:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/pakistan-elsalvador-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Assad Jafri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Assad Jafri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/el-salvador-pakistan-inaugurate-diplomatic-relations-to-collaborate-on-digital-assets\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#person\",\"name\":\"Assad Jafri\",\"url\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"caption\":\"Assad Jafri\"},\"jobTitle\":\"Former Editor & Reporter\",\"description\":\"AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. 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