The Government of Pakistan and World Liberty Financial USA signed a memorandum of understanding (MoU) to modernize digital payment systems.
The MoU focuses on next-generation digital payments and cross-border financial innovations. It aims to create structured dialogue and technical understanding for emerging financial technologies.
Prime Minister Shehbaz Sharif and Chief of Defence Forces Field Marshal Syed Asim Munir witnessed the signing. Finance Minister Muhammad Aurangzeb and World Liberty CEO Zachary Witkoff signed the agreement.
The collaboration with World Liberty will explore innovations in cross-border settlements and foreign exchange processes. The goal is to provide a secure, transparent, and efficient digital payment infrastructure.
World Liberty expressed interest in supporting Pakistan’s digital economy through dollar-linked stablecoins and other virtual asset technologies. These projects aim to reduce cash usage and improve remittance services.
The MoU signing included senior officials such as Deputy Prime Minister Mohammad Ishaq Dar, SAPM Syed Tariq Fatemi, and Chairman of Pakistan Virtual Assets Regulatory Authority Bilal Bin Saqib.
Zachary Witkoff, leading the World Liberty delegation, praised Pakistan’s policy framework. He said it positions the country as a strong contender in global digital finance.
PM Shehbaz Sharif highlighted the importance of digital payments in Pakistan’s economy. He emphasized connectivity, transparency, and accessibility for citizens.
He also noted growing international interest in Pakistan’s digital financial markets. According to the prime minister, these partnerships strengthen Pakistan’s role in the global digital economy.
World Liberty Financial is known for its role in the crypto market. The company supported significant transactions, including foreign investments in digital assets.
For example, World Liberty stable coins were used by MGX, and Abu Dhabi investment company, to acquire a $2 billion stake in Binance last year.
The collaboration with Pakistan reflects World Liberty’s strategy to expand into emerging digital finance markets.
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Pakistan is preparing for digital currency projects to streamline remittances and reduce reliance on cash. The central bank plans to launch a pilot digital currency and finalize legislation to regulate virtual assets.
The partnership with World Liberty aligns with these efforts, offering technology and expertise to develop safe and efficient payment systems.
The MoU with World Liberty marks a major step in modernizing Pakistan’s financial infrastructure. The focus on digital payments, cross-border finance, and virtual assets can enhance transparency and efficiency. This collaboration signals Pakistan’s growing role in the global digital economy.
