RAWALPINDI: Field Marshal Syed Asim Munir, Pakistan’s Chief of Army Staff and Chief of Defence Forces met with a delegation from World Liberty Financial USA led by CEO Zachary Witkoff, highlighting growing international interest in Pakistan’s fintech sector.
The discussions centred on the country’s evolving economic landscape, financial inclusion, and cross-border digital finance opportunities, according to the military’s media wing. Witkoff praised Pakistan’s potential and lauded efforts by its leadership to adopt advanced technologies to unlock the nation’s economic capacity, the Inter Services Public Relations said in a statement.
Field Marshal Asim Munir emphasised Pakistan’s commitment to economic stability, investor confidence, and a regulatory environment conducive to responsible private sector participation in national development.
The meeting reflects rising global confidence in Pakistan as a viable hub for fintech and digital finance. World Liberty Financial, a prominent US-based fintech firm, has been exploring partnerships that integrate innovative financial tools with national economic frameworks.
Pakistan to partner with affiliate of World Liberty Financial on dollar-linked stablecoin
Stablecoin MoU
Earlier, Pakistan signed a memorandum of understanding with SC Financial Technologies, an affiliate of World Liberty, to explore using its USD1 stablecoin for cross-border payments. The agreement aims to enable dialogue and technical collaboration around emerging digital payment architectures.
The MoU represents one of the first publicly announced partnerships between World Liberty, a crypto finance platform launched in September 2024, and a sovereign state. Pakistan’s Ministry of Finance and the Pakistan Virtual Asset Regulatory Authority (VARA) will work with SC Financial Technologies to integrate the stablecoin into regulated digital payment systems alongside Pakistan’s own digital currency infrastructure.
World Liberty expands
Zach Witkoff, also CEO of SC Financial Technologies, met with senior Pakistani stakeholders, including Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar, to discuss innovation in cross-border payments, foreign exchange, and digital financial infrastructure. Finance Minister Muhammad Aurangzeb highlighted the government’s commitment to engaging global players while ensuring alignment with regulation, stability, and national interest.
Stablecoins, digital tokens pegged to the dollar, have grown significantly in recent years. Under US federal guidance, these digital assets are increasingly explored for their potential in payment systems and remittances, a key foreign exchange source for Pakistan.
