Overview
- Pakistan’s Finance Ministry and the Pakistan Virtual Asset Regulatory Authority signed the agreement with SC Financial Technologies, described as an affiliated entity of World Liberty Financial.
- Under the MoU, SC Financial will coordinate with the State Bank of Pakistan to assess how the USD1 dollar‑pegged token could operate within a regulated payments framework for remittances and trade.
- Officials emphasized the exploratory scope of the deal, which focuses on technical feasibility, regulatory alignment and risk assessment rather than immediate deployment.
- The signing in Islamabad followed a visit by World Liberty CEO Zach Witkoff, with Prime Minister Shehbaz Sharif and senior leaders in attendance.
- The arrangement is among World Liberty’s first publicly disclosed sovereign engagements and comes as Pakistan advances virtual‑asset rules and a CBDC pilot to modernize payments amid large remittance inflows reported around $36–38 billion annually.