The final is also a repeat of the famous 1992 50-over World Cup final on the same ground, which Pakistan won by 22 runs.
In that tournament Pakistan only won one of their first five games before mounting a remarkable turnaround, urged by their captain Imran Khan's instruction to "fight like cornered tigers".
Coincidentally, Pakistan met New Zealand in the semi-final 30 years ago, the same opponent they swept aside on Wednesday in the last four.
Former batter Ramiz Raja, who was one of the 1992 playing squad and is now chair of the Pakistan Cricket Board, spoke to the players about the win.
"He was just reliving some of those stories around the '92 World Cup," said former Australia opener Matthew Hayden, who is part of the Pakistan coaching staff.
"These boys, inevitably their careers will be but a blink and they'll be looking back on this tournament regardless of the result, saying we were in a final and hopefully a winning final.
"And they'll tell these stories around campfires in their villages, in media conferences and it will be an important chapter of Pakistan cricket - as the '92 campaign was."
Both Pakistan and England are aiming to win their second T20 world titles.
ICC Men's T20 World Cup final: Pakistan v EnglandVenue:
Melbourne Cricket Ground