Pakistan is positioning itself at the forefront of the global cryptocurrency and digital finance movement, Federal Minister for Information and Broadcasting Attaullah Tarar announced on Sunday.
Speaking at a landmark signing ceremony between the Pakistan Crypto Council and World Liberty Financial, Tarar expressed optimism about the country’s growing momentum in the digital economy. He attributed this rise to Pakistan’s youthful population, dynamic economy, and increasing trust from international financial organizations.
The partnership, formalized through an agreement signed by Chase Hero, founder of World Liberty Financial, and Bilal Bin Saeed, CEO of the Pakistan Crypto Council, is set to bolster the advancement of cryptocurrency initiatives and blockchain technology within Pakistan. The event also saw the attendance of Zack Witkoff, co-chairman of World Liberty Financial.
“Pakistan’s youth have immense potential, which can be harnessed to create new employment opportunities,” Tarar stated. He further underscored ongoing governmental efforts aimed at the digitization of remittance systems, emphasizing the benefits it would bring both to the economy and citizens.
Highlighting a pivotal shift towards regulation, Tarar noted that the establishment of the Pakistan Crypto Council marked a crucial step towards formalizing a regulatory structure for the crypto sector. He commended World Liberty Financial for its notable contributions to decentralized finance protocols and stable coin regulations.
Tarar stressed that the newly signed agreement would play a critical role in stabilizing Pakistan’s regulatory environment surrounding cryptocurrencies. He expressed confidence that it would unlock vast opportunities for the country’s youth to engage fully in the digital finance sector.
With approximately 60% of Pakistan’s population under the age of 30, the minister pointed to a vibrant demographic ready to power a new digital economy. He applauded the nation’s rapid progress in crypto adoption and projected that this new partnership would further accelerate Pakistan’s integration into the global digital landscape.
Bilal Bin Saeed, who also serves as an advisor to the finance minister, addressed the gathering, emphasizing the importance of international collaboration. He remarked that strategic alliances such as this would play a vital role in embedding Pakistan firmly into the evolving world of modern financial technologies.
“This partnership with World Liberty Financial will significantly contribute to implementing modern financial technologies in Pakistan,” Saeed noted.
As Pakistan embraces this transformative era, stakeholders remain hopeful that the fusion of youthful energy, international cooperation, and forward-thinking policies will firmly establish the country as a leader in the global digital economy.
