Pakistan rapidly integrating into global digital finance: PM

Islamabad: Prime Minister Shehbaz Sharif says rapidly growing pace of digital payments and financial innovation are essential parts of Pakistan's rapidly expanding digital economy.

He was talking to a delegation of World Liberty Financial USA led by its Chief Executive Officer Zachary Witkoff in Islamabad today.

Welcoming the delegation, the Prime Minister shared his vision for digital Pakistan aimed at increased connectivity, access, transparency and openness for the citizens.

He 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.

Later, a Memorandum of Understanding between the Government of Pakistan and SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, was signed 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 Zachary Witkoff signed the MoU on behalf of the respective sides.

Among others, Prime Minister Shehbaz Sharif and Chief of Defence Forces and Chief of Army Staff Field Marshal Syed Asim Munir witnessed signing of the MoU.