ISLAMABAD: In a significant move towards digital innovation, Pakistan and Kyrgyzstan have agreed to strengthen cooperation in the fields of cryptocurrency and blockchain technology, according to an official report by Radio Pakistan on Saturday.
The understanding was reached during a high-level video conference between Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, and Farkhat Iminov, Director of Kyrgyzstan’s National Investment Agency.
Minister Saqib highlighted Kyrgyzstan’s strategic importance in shaping innovation and regulatory frameworks for digital assets. He stressed that closer collaboration with regional partners like Kyrgyzstan is essential for Pakistan’s evolving crypto and blockchain ecosystem.
📊 Building the Future of Digital Finance
The agreement comes at a time when Pakistan is accelerating efforts to build a regulated environment for virtual assets. Earlier this year, the government announced the formation of the Pakistan Virtual Assets Regulatory Authority (PVARA) and unveiled the country’s first-ever Strategic Bitcoin Reserve.
These initiatives aim to establish Pakistan as a regional leader in Web3 and digital finance, positioning the country to attract international investment and tech partnerships.
🤝 Global Dialogue Gaining Momentum
The announcement follows a flurry of high-level international engagements by Minister Saqib. In recent weeks, he met with Robert Bo Hines, Executive Director of President Trump’s Council on Digital Assets, to explore global cooperation on crypto policy and share Pakistan’s Web3 ambitions.
In June, during a visit to the United States, Saqib held discussions with top U.S. lawmakers including Senators Cynthia Lummis, Tim Sheehy, and Rick Scott, as well as New York City Mayor Eric Adams.
🌍 Learning from Global Pioneers
Last month, Saqib also visited El Salvador, the first country to adopt Bitcoin as legal tender. He met with President Nayib Bukele, marking the first-ever official interaction between a Pakistani minister and the Salvadoran head of state. The two sides discussed El Salvador’s crypto experience and explored ways for Pakistan to integrate similar strategies into its own digital asset framework.
This growing series of engagements reflects Pakistan’s rising ambition to become a regional hub for blockchain innovation, financial inclusion, and decentralized technologies.
