In a historic first, Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council, Bilal Bin Saqib, met with El Salvador's President Nayib Bukele in San Salvador, marking the first official interaction between a Pakistani government representative and the Salvadoran Head of State.
According to a press release issued by the finance ministry, the meeting focused entirely on Bitcoin and digital asset collaboration. Analysts described the event as the beginning of a new chapter in "Biplomacy" — a term combining Bitcoin and diplomacy — reflecting the rising influence of decentralised technologies in global relations.
Saqib and President Bukele discussed El Salvador's groundbreaking experience as the first nation to adopt Bitcoin as legal tender. They explored how Pakistan might benefit from El Salvador's insights to shape its own digital asset frameworks. Key discussion points included Bitcoin education, sovereign digital reserves, and regulatory innovation.
A major outcome of the meeting was the signing of a Letter of Intent (LOI) between the Bitcoin Office of El Salvador and the Pakistan Crypto Council. Saqib, in his role as CEO of the council, signed the LOI, establishing a formal platform for cooperation on Bitcoin-focused initiatives.
The agreement paves the way for collaboration on public sector adoption, blockchain-driven financial inclusion, and policy development tailored to emerging economies.
"El Salvador's bold Bitcoin experiment has inspired governments around the world. This visit marks the beginning of a strategic relationship rooted in innovation, inclusion, and shared learning," said Minister Bilal Bin Saqib.
President Bukele praised Pakistan's proactive approach to digital assets and reaffirmed El Salvador's commitment to supporting developing nations exploring Bitcoin as a tool for financial sovereignty.
The high-level interaction coincides with Pakistan's broader efforts to structure its digital asset ecosystem. Recent initiatives include the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA) and the announcement of the country's Strategic Bitcoin Reserve earlier this year.
As global momentum around Bitcoin accelerates, the meeting between Bilal Bin Saqib and President Bukele is being hailed as a significant step in tech-driven diplomacy. The engagement signals Pakistan's emerging role as a key stakeholder in the future of global crypto innovation.
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