Pakistan has signed a memorandum of understanding with SC Financial Technologies LLC, an affiliate of World Liberty Financial, to advance cooperation on emerging digital payment architectures for cross-border transactions.
The agreement was signed in Islamabad by Pakistan’s Minister for Finance, Muhammad Aurangzeb, and World Liberty Financial Chief Executive Officer Zachary Witkoff. The signing ceremony was witnessed by Prime Minister Muhammad Shehbaz Sharif and Chief of the Army Staff Field Marshal Syed Asim Munir, following a meeting with a high-level delegation from the U.S.-based firm.
The delegation, led by Witkoff, met with the Prime Minister to discuss the development of a secure and transparent digital payments infrastructure. The meeting was attended by Deputy Prime Minister Mohammad Ishaq Dar, Special Assistant to the Prime Minister Syed Tariq Fatemi, and Chairman of the Pakistan Virtual Assets Regulatory Authority Bilal Bin Saqib.
Sharif outlined his vision for a “digital Pakistan,” focused on increasing connectivity, access, transparency, and openness for citizens. He said the rapid growth of digital payments and financial innovation is central to Pakistan’s expanding digital economy and welcomed growing international interest in the country’s digital finance ecosystem.
Witkoff said World Liberty Financial is keen to engage with Pakistan on innovations in cross-border settlement and foreign exchange processes. He praised Pakistan’s policy framework, describing it as a strong foundation for positioning the country in the global digital finance landscape, and expressed interest in deeper collaboration on next-generation payment systems.
The MoU establishes a structured framework for technical dialogue and cooperation on the digital payment architectures required to support secure, efficient cross-border transactions.
