Pakistan has approached tapping the El Salvador Bitcoin Playbook. In San Salvador this week, Bilarbinsakib, CEO of Pakistan Crypto Council and special assistant to Pakistan’s Prime Minister of Crypto and Blockchain, met with El Salvador Naib Bukere.
They signed an intent to share know-how on the use of Bitcoin in the public sector, blockchain-driven financial inclusion and market policy design.
Pakistan signs framework with El Salvador
According to the report, the agreement establishes formal ties between the Bitcoin office in El Salvador and the Pakistan Crypto Council. The aim is to advise Islamabad while formalizing regulations regarding the adoption of cryptocurrency.
Pakistan is already subject to the $7 billion IMF loan program in 2027. Now I want to learn from the mistakes Bukel made when legalizing Crypto as fiat currency in September 2021.
We met one of the most extraordinary visionary leaders of our time, the president of El Salvador. @nambleshakes
Not only does he talk about technology, but he also challenges it from AI and robotics to Bitcoin.
He is a leader from the future, and when did he see the future… pic.twitter.com/qps6vvntxv
– Bill Bin Sube Mbe (@bilalbins) July 16, 2025
The IMF is about stopping mining plans
According to an IMF statement, the fund has rejected Pakistan’s bid to provide subsidies to energy-intensive industries, including Bitcoin miners.
That plan would have tapped up to 2,000 megawatts of seasonal power surplus to operate mining rigs and AI data centers.
The IMF warned that a special pricing scheme would risk distorting Pakistan’s energy market and damaging the fiscal balance. If Islamabad moves forward without an IMF buy-in, it could cause new delays in loan payments.
Bitcoin Reserve and Strategic Consultations
The Pakistani delegation also held a virtual meeting with Michael Saylor. Michael Saylor’s corporate strategy holds more than $62 billion in crypto reserves. Saylor shared insights into managing a large BTC portfolio and using digital assets as an institutional financial tool.
Pakistan wants to learn how to build its own “strategic Bitcoin Reserve” without exposing public finances to wild price fluctuations.
According to Bitcointreasuries.net, El Salvador is above 6,240 btc, valued at around $740 million. Bukele’s team has purchased over 3,000 BTC since rolling out the Bitcoin Act, even as critics pointed out market volatility and operational hurdles.
Next Steps in Islamabad
Sakib praised Bukere as “one of the most extraordinary foresightful leaders of our time,” and pointed out that belief is more important than a deep pocket when he bets on the country’s reputation in digital currency.
Based on the report, Pakistan plans to send its technical team to El Salvador later this year. They study Bukel’s tax framework for Bitcoin profits, the setup of the country’s Bitcoin trust, and pilot projects that tap blockchain for government payments.
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