pakistanicrypto

#pakistanicrypto Pakistan has signed an important agreement to explore the launch of a US dollar-pegged stablecoin in partnership with a Trump-linked crypto firm, marking a significant step toward digital finance innovation. The move reflects Pakistan’s growing interest in blockchain technology and regulated digital assets to strengthen its financial system.
According to officials, the proposed stablecoin would be backed by the US dollar, aiming to reduce volatility commonly associated with cryptocurrencies like Bitcoin. This initiative could help improve cross-border payments, remittances, and trade settlements, especially for overseas Pakistanis who send billions of dollars home each year.
The partnership is also seen as an effort to modernize Pakistan’s financial infrastructure while maintaining regulatory oversight. By exploring a regulated stablecoin model, Pakistan hopes to balance innovation with financial stability, transparency, and compliance with global standards. However, experts stress that strong regulations, clear legal frameworks, and central bank involvement will be critical for the project’s success.
If implemented effectively, the dollar-pegged stablecoin could support financial inclusion, reduce transaction costs, and position Pakistan as an emerging player in the global crypto and blockchain ecosystem. Still, policymakers remain cautious, emphasizing that exploration does not yet mean full adoption.

🧾 What Happened
Pakistan’s government signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliate of World Liberty Financial (WLFI), to explore the use of a USD-pegged stablecoin (called USD1) for cross-border payments and remittances.
📌 Key Points of the Agreement
1. Focus on Stablecoin Integration:
The MoU sets a framework for technical dialogue with Pakistan’s Ministry of Finance and the Pakistan Virtual Asset Regulatory Authority (PVARA) about using WLFI’s USD1 stablecoin in digital payments systems and cross-border remittances.
2. Collaboration with Central Bank:
Under the agreement, WLFI/SF Financial will work with Pakistan’s central bank and financial regulators to see how this stablecoin could be integrated into regulated digital payments infrastructure, alongside planned digital currency pilots.
3. Strategic, Not Binding:
The MoU is exploratory, meaning it doesn’t immediately change laws or create a payment product — instead it lays the groundwork for assessing feasibility, compliance, risk management, and rastructure requirements
4. High-Level Engagement:
The signing was attended by Finance Minister Muhammad Aurangzeb, Prime Minister Shehbaz Sharif, military leadership, and WLFI executives, highlighting its political and economic visibility. Discussions also covered foreign exchange processes and digital finance innovation.
🌍 Why It Matters
🔹 Remittances ($36B+):
Pakistan receives over $36 billion in remittances annually, a crucial foreign exchange source. Improving cross-border payment efficiency is a priority for the economy, especially where traditional remittances are slow and costly.
🔹 Growing Digital Economy:
With a large freelance and tech-savvy population and rising use of digital financial services, there’s strong interest in modernizing payment systems and lowering costs for global transactions. While not official policy yet, exploring stablecoins could support faster remittances and financial inclusion.
🔹 Regulatory Development:
Pakistan’s regulators are drafting digital asset laws and piloting central bank digital currency (CBDC) efforts, so this engagement with WLFI helps them understand how emerging digital money products might fit into regulated frameworks
🧠 What the Stablecoin USD1 Is
USD1 is a dollar-pegged digital currency (stablecoin) associated with World Liberty Financial. Stablecoins aim to stay equal in value to a fiat currency like the USD, making them useful for cross-border payments by reducing volatility compared to typical cryptocurrencies#Pakistani_Bitcoin #pakistanicrypto #WFLI

ISLAMABAD:
Rana Mashhood Ahmad Khan, Chairman of the Prime Minister's Youth Programme (PMYP), announced that Pakistan will exit the International Monetary Fund (IMF) programme by June next year.
Addressing a diaspora gathering in London on Saturday, he said Pakistan was steadily moving towards economic self-reliance and would no longer require IMF support by mid-2026.
He added that the country's recent economic direction had restored confidence among investors and overseas Pakistanis. Referring to past economic challenges, Mashhood said IMF-linked policies imposed after 2018 had slowed growth, but the current government had placed the economy back on the path of recovery.
The PMYP chairman highlighted the sharp rise in workers' remittances as a sign of renewed confidence, noting that overseas Pakistanis sent billions of dollars home in 2025, providing a significant boost to the country's economy. The London statement echoed his earlier remarks in August 2025, when he had said Pakistan was "on the path to progress and would soon exit the IMF programme," stressing that fiscal discipline and structural reforms were beginning to deliver tangible results. Mashhood said a sustained focus on exports, productivity and youth-led entrepreneurship would help build foreign exchange reserves and finally end Pakistan's long-standing dependence on IMF bailout programmes.
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The Government of Pakistan has issued a policy directive for the upcoming auction of radio frequency spectrum aimed at enhancing next-generation mobile services. This directive, which follows the country’s broader digital transformation strategy, outlines the auction process for key frequency bands, including 700 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2600 MHz, and 3500 MHz.
In a bid to meet the growing demand for high-speed mobile broadband services, which have surged alongside a rising number of broadband subscribers, the Pakistan Telecommunication Authority (PTA) is tasked with managing the auction. According to the policy directive, the PTA will auction a total of 15 MHz paired spectrum in the 700 MHz band and 50 MHz of unpaired spectrum across the 2300 MHz, 2600 MHz, and 3500 MHz bands.
The base price for 1 MHz of paired spectrum in the 700 MHz band is set at USD 6.5 million, while the price for 1 MHz of paired spectrum in the 2100 MHz band is set at $14 million. Other base prices include USD 1 million for 1 MHz unpaired spectrum in the 2300 MHz band, $1.25 million for the 2600 MHz band, and $0.65 million for the 3500 MHz band.
The auction will follow a process aimed at ensuring transparency, with both existing and new cellular mobile operators eligible to participate. Furthermore, the PTA will establish an information memorandum detailing eligibility criteria, auction procedures, and the technology requirements for participants. This auction is designed to be technology-neutral, supporting the roll-out of advanced mobile technologies like 5G.
Technology-neutral means that the spectrum being auctioned is not restricted to just 5G technology, but can be used for any future mobile technology as well, such as 4G, 5G, or even 6G in the future, as long as the technology complies with Pakistan's regulatory framework and international communications standards.
A moratorium of one year will be granted to auction winners, during which no payment will be due. Payment terms after this period will include both upfront payment options and a deferred payment structure, with interest based on the Karachi Interbank Offered Rate.
Measures outlined in the directive include promoting local manufacturing of smartphones and improving infrastructure to facilitate faster 5G adoption.
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Decentralized networks are redefining how value, data, and trust move across the internet. Unlike traditional centralized systems—where control sits with governments, banks, or corporations—decentralized networks distribute power across thousands of independent nodes. No single authority can shut them down, censor transactions, or alter records unilaterally.
At the core of decentralization is blockchain technology. Transactions are verified through consensus mechanisms, ensuring transparency, security, and immutability. This structure reduces reliance on intermediaries, lowers costs, and minimizes systemic risk caused by single points of failure.
Decentralized networks also enable permissionless innovation. Anyone can build, transact, or participate without approval, unlocking global financial access through #DeFi, #NFTs, #DAOs, and #Web3 applications. In regions facing currency instability or capital controls, decentralized systems offer an alternative financial layer beyond political influence.
As global uncertainty rises, decentralized networks are no longer just a tech experiment—they are becoming critical infrastructure for a more open, resilient, and trust-minimized digital economy.
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