Pakistan has taken another step toward advancing its digital finance ecosystem, with the Ministry of Finance signing a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to collaborate on emerging digital payment architectures, including the potential use of the firm’s stablecoin, USD1, for cross-border transactions.
The MoU aims to establish structured dialogue and deepen technical cooperation on secure, compliant, and transparent digital payment infrastructure, as well as innovations in cross-border settlement and foreign exchange mechanisms.
A delegation led by Zachary Witkoff, Chief Executive Officer of SC Financial Technologies LLC, met senior Pakistani officials to discuss how countries worldwide are approaching regulatory frameworks and technological shifts in digital payments and settlement systems.
Officials said the engagement reflects Pakistan’s growing profile in global digital finance, with World Liberty Financial now undertaking its second round of high-level discussions in the country. Industry observers see the move as a sign that Pakistan is being considered as a potential early partner jurisdiction for testing new digital payment models, including the USD1 stablecoin.
Commenting on the development, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said Pakistan intends to remain proactive in shaping the future of finance.
“Pakistan recognises that the future of finance is being shaped today. Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest,” he said.
This latest engagement builds on a Letter of Intent signed in April between World Liberty Financial and the Pakistan Crypto Council, led by CEO Bilal Bin Saqib, which created a foundation for knowledge-sharing on emerging financial technologies.
It also comes in the wake of regulatory progress in Pakistan’s digital asset sector. On December 12, the Pakistan Virtual Asset Regulatory Authority issued No Objection Certificates (NOCs) to Binance and HTX, allowing both platforms to begin local incorporation. The NOCs were granted in under five months, a faster pace than in many other countries. As part of broader engagement, Binance Founder Changpeng Zhao and TRON Founder Justin Sun also visited Pakistan for meetings with key public and private sector stakeholders.
Pakistan is increasingly viewed as a high-potential frontier market for digital payments and financial innovation, driven by strong remittance inflows of over USD 38 billion annually, rapid growth in the digital economy, a large base of crypto users, and significant estimated digital asset trading volumes.
With rising international interest and a regulation-first approach, Pakistan is positioning itself as an important player in the global evolution of digital finance and cross-border payment systems.
work and fix on god damn paypal and normal digital platforms for Freelancer. no one asked for USD1 stablecoin or whatever. fazol kamon mea lagay howay, which no one asked for.
PayPal that’s owned by Peter thiel who considered you lowest bcz you’re not Christian enough for him
The country that shelved Iran pipeline that guarantees affordable oil for the people just issued crypto scams to take away people wealth.
And why is the military standing in the back ?
Keep crine JEWW boyy!
😂😂😭
0/10
Ever heard of sanctions?
Ever heard of China Russia India bangladesh etc ?
The democracy is no longer with us now we and our brkoved contry are completely under dictatorship
When you are reinventing the wheel. PayPal is a right platform.
You mean the platform created by Peter thiel who openly hates you. He even named the creators as PayPal mafia.
Just listen to him talk. He’s hated globally
Wow another low for jehangir. You went from a journalist to a joke. 😆
delegation led by Zachary Witkoff, you mean Steven witkoff son who btw was epstein neighbor.
And the guy who placed tariffs on pakistan.
Fun fact
Ex new york mayor Eric Adams issued crypto coin as well. Then cashed out when it lost 95 percent of its value.
Funny how that works.
More info
The Trump family receives 75% of net proceeds when World Liberty Financial and sells tokens, as well as gets a cut of stablecoin profits.
Our govt is basically giving our money to trump family. Who supports Israel
Wow no research done by jehangir at all.
Tears r louder on the 1
Keep crine jew🙏🏼😂
Prove it 😆
fake money from unknown company is good for pakistan? sad day
Seriously, they are Getting to rob Pakistan of it’s natural resources and pay them with fake money , this what happens when you have weak crooks in power.
The picture on the top says this all. There was no need for you to write the long article.
Army cheap is in the middle of crypto scam.. lol
While FIA laughing in the corner, who will block bank accounts for crypto currency trading 😀
I would like to request chief editor ProPakistan,encourage writers to give their on feedback on topics either than copy paste stuff.
The writer didn’t even do proper research to write the article.
He didn’t show who owns world liberty Financials (its trump family btw, so you can’t do anything if something goes wrong tomorrow).
He didn’t mention that Zachary witkoff is son of Steve witkoff, current representative of Israel in middle east appointed by Trump. He’s a well known Israel advocate.
Also didn’t mention how govt of pakistan shall deal with issues when the crypto exchange is owned by us president family.
This initiative to explore the USD1 stablecoin for cross-border payments shows Pakistan’s growing focus on modern and efficient digital financial solutions. For career insights, visit top companies in Pakistan: https://www.jobz.pk/top-companies-in-pakistan/
This is how corrupt practices are promoted by current regime by engaging state with a private entity owned by a dubious character. Unfortunately the Lust for power majes the current regime blind in protecting state sovereignity
Yes