Signs MoU with Pakistan for Digital Payments Innovation
Islamabad : A delegation of World Liberty Financial USA led by Zachary Witkoff, Chief Executive Officer called on Prime Minister Muhammad Shehbaz Sharif.
Deputy Prime Minister Mohammad Ishaq Dar, Chief of Defence Forces and Chief of the Army Staff Field Marshal Syed Asim Munir, Minister for Finance Muhamamd Aurangzeb, SAPM Syed Tariq Fatemi and Chairman Pakistan Virtual Assets Regulatory Authority Bilal Bin Saqib also attended the meeting.
Welcoming the delegation, the Prime Minister shared his vision for digital Pakistan aimed at increased connectivity, access, transparency and openness for the citizens. He said the rapidly growing pace of digital payments and financial innovation are essential parts of Pakistan’s rapidly expanding digital economy.
The Prime Minister appreciated the growing international interest in Pakistan’s digital financial markets and noted with deep sense of satisfaction that Pakistan is fast becoming part of global digital finance.
Zachary Witkoff showed keen interest to engage with Pakistan for a secure and transparent digital payment infrastructure, including innovations in cross-border settlement and foreign exchange processes. He lauded Pakistan’s policy framework which is helping to position the country as a leading contender in the global digital finance landscape. He expressed keen desire to further deepen engagement with Pakistan to explore next-generation digital payment and cross-border finance innovations.
Prime Minister Muhammad Shehbaz Sharif and CDF/COAS Syed Asim Munir later witnessed signing of MoU between the Government of Pakistan and SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to enable structured dialogue and technical understanding around emerging digital payment architectures for cross border transactions. Minister for Finance Muhammad Aurangzeb and CEO World Liberty Financial Mr. Zachary Witkoff signed the MoU on behalf of the respective sides.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
