Islamabad, Pakistan – The Government of Pakistan has taken a significant step toward modernizing its cross-border payment systems by signing a memorandum of understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial. The agreement explores the use of dollar-linked stablecoins for faster, more efficient international transactions.
The signing ceremony was witnessed by Prime Minister Muhammad Shehbaz Sharif, Field Marshal Syed Asim Munir, Chief of Army Staff and Chairman Joint Chiefs of Staff Committee, and Lieutenant General Muhammad Asim Malik, Director General of Inter-Services Intelligence and Pakistan’s National Security Adviser.
On behalf of the respective sides, Finance Minister Muhammad Aurangzeb and Mr. Zachary Witkoff, CEO of World Liberty Financial, signed the MoU. The agreement will focus on developing digital payment architectures to facilitate cross-border transactions, aiming to increase efficiency, transparency, and accessibility for international trade and financial operations.
Pakistan Embraces Digital Innovation in Finance
This initiative reflects Pakistan’s commitment to adopting modern financial technologies. By exploring stablecoin-based payment solutions, the country seeks to simplify international transactions, reduce costs, and position itself as a forward-looking financial hub in the region.
Prime Minister Muhammad Shehbaz Sharif emphasized that the government is committed to supporting technological innovation and fostering a dynamic and secure financial ecosystem that benefits both businesses and consumers.
Strengthening Global Financial Partnerships
The collaboration with World Liberty Financial highlights Pakistan’s focus on strategic international partnerships. Experts say this MoU could pave the way for enhanced trade efficiency, secure digital payments, and greater integration with global financial systems.
Officials added that the initiative is part of a broader digital transformation agenda, reflecting Pakistan’s vision for economic growth and technological leadership in the region.
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