Pakistan has signed a memorandum of understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, aimed at strengthening digital payment frameworks and cross-border transaction infrastructure. The agreement reflects government efforts to integrate Pakistan more closely into global digital finance systems while fostering innovation in fintech and virtual asset services.
The MoU was formalized during a high-level meeting between Prime Minister Muhammad Shehbaz Sharif and a US delegation from World Liberty Financial, led by Chief Executive Officer Zachary Witkoff. Finance Minister Muhammad Aurangzeb signed the agreement on behalf of Pakistan, while Zachary Witkoff represented World Liberty Financial. The signing ceremony was attended by Chief of Defence Forces and Chief of the Army Staff Field Marshal Syed Asim Munir, Deputy Prime Minister Mohammad Ishaq Dar, SAPM Syed Tariq Fatemi, and Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib.
The framework outlined in the MoU focuses on structured dialogue and technical collaboration concerning emerging digital payment architectures. It covers cross-border settlements, foreign exchange processes, and secure transaction systems that can support broader international financial integration. Prime Minister Shehbaz Sharif highlighted the government’s commitment to expanding the digital economy, emphasizing the growth of digital payments as a critical factor in Pakistan’s overall economic development. He also noted that increasing global engagement demonstrates confidence in Pakistan’s regulatory approach to digital finance.
World Liberty Financial expressed its interest in contributing to secure and transparent digital payment systems, particularly for cross-border financial transactions. The company pointed to Pakistan’s evolving policy environment as favorable for digital innovation and investment in virtual asset infrastructure. The agreement aligns with the government’s ongoing initiatives to modernize the payments ecosystem, promote financial inclusion, and attract foreign investment in fintech. It is expected to support long-term growth in Pakistan’s digital financial sector and create pathways for enhanced global collaboration in financial technologies.
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