Pakistan Kyrgyzstan Ink Crypto Blockchain Partnership to Boost Digital Finance

Pakistan and Kyrgyzstan have agreed to strengthen cooperation in cryptocurrency and blockchain technology, aiming to foster innovation in digital finance and expand their economic integration. The collaboration was discussed during a high-level virtual meeting between Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, and Farkhat Aminov, Director of Kyrgyzstan’s National Investment Agency [1]. Both sides emphasized the need for knowledge sharing, regulatory alignment, and joint development of blockchain-based financial systems.

Bilal Bin Saqib praised Kyrgyzstan’s progress in digital assets innovation and expressed Pakistan’s interest in developing a joint regulatory framework with the Central Asian nation. He also proposed a Memorandum of Understanding (MoU) to formalize their partnership in the crypto space. This aligns with Pakistan’s broader strategy of integrating blockchain technology into its financial infrastructure. Recently, the country established the Pakistan Crypto Council, a regulatory body tasked with overseeing and promoting blockchain innovation. The council was formed following the appointment of Bin Saqib as special adviser to Finance Minister Muhammad Aurangzeb, and he now serves as the council’s CEO, with the finance minister as chairman [1].

The development marks Pakistan’s latest effort to expand its influence in Central Asia. During the 5th session of the Pakistan-Kyrgyzstan Inter-Governmental Commission (IGC) on Trade, Economic, Scientific, and Technical Cooperation in Islamabad, the two countries signed several protocols and MoUs to boost economic and technical collaboration. The Press Information Department (PID) reported that bilateral trade has already reached $100 million, with both sides setting a target to further increase trade volume. The discussions also covered the revival of the Pakistan-Kyrgyz Joint Business Council, as well as plans to organize business forums, trade fairs, and B2B exchanges to diversify trade and investment [1].

Both governments emphasized the importance of enhancing regional connectivity through logistics and transportation. The agreement includes deeper cooperation in postal services, cargo and rail transport, and civil aviation. Additionally, Pakistan and Kyrgyzstan agreed to collaborate on Islamic banking and financial instruments, including training programs through Pakistan’s National Institute of Banking and Finance [1].

The cooperation is part of Pakistan’s larger strategy to position itself as a key transit hub and economic bridge between Central Asia and the global market. In recent months, the country has intensified engagement with other Central Asian nations through investment talks, diplomatic visits, and infrastructure projects. By aligning regulatory frameworks and promoting digital finance, Pakistan aims to leverage its strategic location to support the development of a secure, transparent, and future-ready digital economy across the region [1].

Source: [1] Pakistan forms ties with Kyrgyzstan to collaborate on crypto and blockchain innovation (https://coinmarketcap.com/community/articles/688e1ae21795975034e4ca83/)