In a bold step towards advancing Pakistan’s digital economy, the Pakistan Crypto Council (PCC) has signed a landmark agreement with World Liberty Financial (WLF), a decentralised finance platform backed by U.S. President Donald Trump, to foster cryptocurrency innovation and accelerate blockchain integration across the country.
Trump and his associates currently hold a 60 per cent stake in WLF, which made its market debut last year. The U.S. President has pledged favourable regulation for the crypto industry, with his administration already easing enforcement on several major players in the sector.
According to a press release issued by Pakistan’s Ministry of Finance, a WLF delegation recently visited Islamabad and signed a letter of intent with the PCC. The delegation included Zachary Folkman, Chase Herro, and Zachary Witkoff—son of Trump’s special envoy, Steve Witkoff.
“[The] WLF … has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation, stablecoin adoption and decentralised finance integration across Pakistan,” the press release stated.
During their visit, the WLF team met with top Pakistani officials including the Prime Minister, Chief of Army Staff, Deputy Prime Minister, and Ministers for Information and Defence. These high-level discussions aimed to formalise the partnership and push Pakistan further toward global leadership in digital finance.
The statement added that the government is preparing to unveil comprehensive legal frameworks for cryptocurrency, aiming to position Pakistan as one of the world’s fastest-growing crypto markets.
The letter was officially signed during a meeting attended virtually by Finance Minister Muhammad Aurangzeb. Also present were PCC CEO Bilal Bin Saqib, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Governor of the State Bank of Pakistan.
“The scope of cooperation between [the] PCC and WLF outlines collaboration in key areas including: launching regulatory sandboxes for blockchain financial product testing; facilitating the responsible growth of DeFi (decentralised finance) protocols; exploring [the] tokenisation of real-world assets like real estate and commodities; expanding stablecoin applications for remittances and trade; and providing strategic advisory on blockchain infrastructure and global regulatory trends,” the statement said.
Finance Minister Aurangzeb noted, “Pakistan’s youth and technology sector are our greatest assets. Through partnerships like this, we are opening new doors for investment, innovation and global leadership in the blockchain economy.”
PCC CEO Saqib added, “This agreement is more than just a partnership, it’s a strategic move to empower our young population and integrate Pakistan into the future of global finance.”
WLF leaders, in turn, praised Pakistan’s potential, calling the country’s energy and vision a major draw for decentralised finance pioneers. “Pakistan’s energy, vision and talent made it one of the most exciting places in the world to build the future of decentralised finance,” they said.
The finance ministry highlighted Pakistan’s unique demographic advantage, noting that 64 per cent of its population is under the age of 30. This youth-driven economy, coupled with rapid mobile adoption and a flourishing freelance industry, makes the country ripe for blockchain-led transformation.
“The country ranks among the top in global crypto adoption, with an estimated $300 billion in annual crypto transactions and 25 million active crypto users,” the ministry said.
“With rising mobile penetration, a vibrant freelance economy, and strong government interest in blockchain, Pakistan’s youth are uniquely positioned to drive the next wave of Web3 innovation.”
Last month, Saqib reaffirmed Pakistan’s plans to legalise cryptocurrency, telling Bloomberg that the country aims to establish “a clear regulatory framework for governing digital-asset activities to boost the local ecosystem.”
