The Government of Pakistan on Wednesday signed a Memorandum of Understanding (MoU) with a US-based financial technology entity to explore advanced digital payment systems for cross-border transactions, a move witnessed by the country’s top civil and military leadership.

The agreement was formalised between the state and SC Financial Technologies LLC, an affiliated organisation of World Liberty Financial. Minister for Finance Muhammad Aurangzeb and World Liberty Financial Chief Executive Officer Zachary Witkoff signed the MoU on behalf of their respective sides.

The signing ceremony was attended by Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Syed Asim Munir.

Earlier, the Prime Minister met with a delegation from World Liberty Financial, where he stated that the rapidly growing pace of digital payments and financial innovation are essential components of Pakistan”s expanding digital economy. He welcomed the delegation and shared his vision for a “digital Pakistan” aimed at increasing connectivity, access, transparency, and openness for its citizens.

Mr Sharif expressed satisfaction that Pakistan is fast becoming part of the global digital finance landscape and appreciated the growing international interest in the nation”s digital financial markets.

Mr Witkoff conveyed a keen interest in engaging with Pakistan to develop a secure and transparent digital payment infrastructure, including innovations in cross-border settlement and foreign exchange processes. He commended Pakistan”s policy framework, noting it is helping to position the country as a leading contender in the global digital finance arena.

The US executive also expressed a strong desire to deepen engagement with Pakistan to explore next-generation digital payment and cross-border finance innovations. The MoU aims to enable a structured dialogue and technical understanding concerning these emerging digital payment architectures.