Pakistan signs pact with Trump-linked crypto firm to explore digital payments

Finance Minister of Pakistan, Muhammad Aurangzeb (front-right) signing an MoU with a representative of the World Liberty Financial in Islamabad on January 14, 2026. (@PakistanVARA/X)
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Updated 14 January 2026
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Pakistan signs pact with Trump-linked crypto firm to explore digital payments

  • Pakistan agrees to explore use of dollar-linked stablecoin under regulatory framework
  • Government seeks faster remittances and tighter oversight of digital finance

ISLAMABAD: Pakistan on Wednesday signed a memorandum of understanding (MoU) with a company affiliated with World Liberty Financial, the main crypto venture linked to the family of US President Donald Trump, to explore the use of a dollar-linked stablecoin for cross-border payments, according to an official statement.

The MoU, signed through Pakistan’s finance ministry with SC Financial Technologies LLC, provides a framework for technical discussions on digital payment systems, including the potential use of World Liberty Financial’s USD1 stablecoin for international transactions, a statement circulated by the Pakistan Virtual Asset Regulatory Authority (PVARA) said. USD1 is a digital token designed to maintain a one-to-one value with the US dollar issued by World Liberty Financial, a crypto firm linked to the Trump family’s business network. Unlike volatile cryptocurrencies, stablecoins are intended to be backed by dollar assets and are increasingly being examined by governments as potential tools for faster cross-border payments. Pakistani officials said the MoU does not authorize adoption but creates a framework to study such technologies under regulatory oversight.

The deal represents one of the first publicly announced tie-ups between World Liberty Financial and a sovereign state, as governments begin to examine the role of stablecoins in regulated payment systems.

World Liberty has fueled a sharp rise in income for the Trump family business, the Trump Organization, including from foreign entities, according to a Reuters report.

“Pakistan recognizes that the future of finance is being shaped today,” Finance Minister Muhammad Aurangzeb said, according to the statement. “Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models and ensuring that innovation, where explored, is aligned with regulation, stability and national interest.”

The MoU signing comes amid warming ties between Pakistan and the United States.

World Liberty Financial’s engagement with Pakistan follows earlier contacts between the company and Pakistani institutions, including a letter of intent signed in April with the Pakistan Crypto Council to facilitate knowledge-sharing on emerging financial technologies.

Separately, Pakistan’s military said a delegation from World Liberty Financial USA, led by its chief executive Zachary Witkoff, also met on Wednesday with Asim Munir, the country’s army chief and chief of defense staff.

According to a statement from the military’s media wing, the meeting discussed Pakistan’s economic landscape, investor confidence and the potential for fintech-driven financial inclusion and cross-border digital finance. Munir reaffirmed Pakistan’s commitment to economic stability and to providing an environment conducive to responsible private-sector investment, the statement said.

Pakistan has stepped up efforts to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.

The country also wants to improve cross-border payments, including remittances, a key source of foreign exchange, with the central bank saying it is preparing a pilot for a digital currency and finalizing legislation to regulate virtual assets.


Pakistan opposition to hold protest today over jailed ex-PM Khan’s deteriorating eye condition

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Pakistan opposition to hold protest today over jailed ex-PM Khan’s deteriorating eye condition

  • A court-appointed lawyer this week visited Imran Khan at prison and recommended independent ophthalmology review of his right eye
  • Information Minister Attaullah Tarar said Khan party’s narrative has ‘fallen flat on its face’ after ex-PM voiced ‘satisfaction’ with facilities

ISLAMABAD: Pakistan’s opposition alliance has announced a sit-in outside the Parliament House in Islamabad today, Friday, over jailed former prime minister Imran Khan’s deteriorating eye condition, following a rare prison visit by a Supreme Court-appointed lawyer this week.

Barrister Salman Safdar, who was appointed ‘amicus curiae,’ or friend of the court, visited Khan at Rawalpindi’s Adiala jail on Feb. 10 and filed a detailed report on his living conditions and health, which was made public on Thursday.

The report stated that in view of the seriousness of Khan’s ocular condition, “it is imperative that the seriousness of the condition be independently ascertained without delay.” There was no immediate response from prison authorities on the findings.

The Tehreek-e-Tahafuz-e-Ayin-e-Pakistan opposition alliance late Thursday demanded that Khan be transferred to Al-Shifa Hospital and announced a sit-in outside parliament until the former prime minister is allowed treatment in the presence of his personal physicians.

“The sit-in will be held tomorrow,” Mahmood Khan Achakzai, the head of the opposition alliance, told reporters in Islamabad, adding that they will peacefully lay down all demands at the sit-in. “If, God forbids, something happens, then the government will be responsible for that.”

Khan, 73, has been in custody since August 2023 in connection with multiple cases that he and his party describe as politically motivated. The government denies the allegation.

Concerns about Khan’s health have resurfaced in recent weeks after authorities confirmed he had been briefly taken from prison to a hospital in Islamabad for an eye procedure. The government said at the time his condition was stable, while Khan’s family and his Pakistan Tehreek-e-Insaf (PTI) political party complained they had not been informed in advance and alleged he was being denied timely and independent medical access.

The issue was then taken up by the Supreme Court earlier this week, which tasked Safdar, who has represented Khan in the past, with visiting the ex-premier and submitting a written report.

According to a medical condition report from the Pakistan Institute of Medical Sciences (PIMS), dated Feb. 6, 2026 and referenced in Safdar’s court filing, Khan was diagnosed with “right central retinal vein occlusion” after reporting reduced vision in his right eye.

The report states that he underwent anti-VEGF intravitreal injection treatment at PIMS and was discharged with follow-up advice.

However, in his interaction with Safdar, Khan said he had experienced “rapid and substantial loss of vision over the preceding three months” and claimed his complaints had not been addressed promptly while in custody. He further stated that despite treatment, he had been left with “only 15 percent vision in his right eye.”

Safdar’s report notes that the former premier appeared “visibly perturbed and deeply distressed by the loss of vision and the absence of timely and specialized medical intervention.” The amicus also recommended that the Supreme Court consider directing involvement of Khan’s personal physicians or other specialists of his choice, warning that “any further delay poses a serious risk to the Petitioner’s well-being.”

Beyond medical concerns, the report addressed Khan’s confinement conditions, noting that he expressed “satisfaction regarding his safety and security within the cell-block,” as well as contentment with basic amenities and food provisions.

Responding to the report, Information Minister Attaullah Tarar rejected claims of mistreatment, saying the “narrative being propagated to international media” by Khan’s family had “fallen flat on its face.”

He said the prison report on Khan’s daily routine and diet had removed any ambiguity and maintained that all facilities were available to the former premier, who he said enjoyed privileges “more than any other prisoner.” His X post did not address the allegations on Khan’s health issues.