ISLAMABAD
\nIn a significant step towards leveraging emerging financial technologies to strengthen Pakistan\u2019s capital markets and enhance global investor access, the Ministry of Finance, Government of Pakistan, today signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world\u2019s leading blockchain and digital asset technology companies.
\nThe MoU was signed at the Finance Division, Islamabad, by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Mr. Richard Teng, Co-CEO of Binance, in the presence of Mr. Changpeng Zhao (CZ), CEO of Binance.
\nThe MoU establishes a framework for exploring potential collaboration on the tokenisation and blockchain-based distribution of Pakistan\u2019s real-world and sovereign assets, including government bonds, treasury bills, commodity reserves and other federally owned assets. Subject to applicable laws, policies and regulatory approvals, the initiative may involve assets of up to USD 2 billion, with the objective of enhancing liquidity, transparency and international market accessibility.
\nUnder the proposed arrangement, Binance and\/or its affiliates may provide technical expertise, advisory support, training and capacity building to enable Pakistan to assess modern, compliant blockchain infrastructure.The collaboration aims to explore secure and transparent digital platforms that could facilitate broader participation by international investors, while fully respecting Pakistan\u2019s regulatory framework and sovereign control.
\nSpeaking on the occasion, Senator Muhammad Aurangzeb described the MoU as a strong signal of Pakistan\u2019s reform trajectory. \u201cThis is a very strong message\u2013not only for Pakistan, but for the entire world. What we have signed today reflects a long-term partnership. From where we started to moving towards operationalisation, this progress could not have happened without active guidance and leadership.
\nThe next step for us is execution, and we are fully committed to delivering results with speed and quality,\u201d he said, while also acknowledging the vision and support of the country\u2019s top leadership. Mr. Changpeng Zhao (CZ) termed the MoU a landmark development for Pakistan\u2019s future.
\n\u201cThis is a great signal for the global blockchain industry and for Pakistan. It has a very big impact on the country\u2019s future and its technology-driven generation. This is the beginning \u2026 now we can move towards full deployment and execution. We are honoured to work with Pakistan\u2019s leadership and are confident this collaboration will deliver positive and lasting outcomes for the economy,\u201d he remarked.
\nThe MoU is non-binding and reflects an expression of intent by both parties to explore feasibility. Definitive agreements, if any, will be negotiated within six months, subject to all legal, regulatory and policy approvals. Any future arrangement will be governed by the laws of Pakistan and will not constitute exclusivity or a procurement commitment.
\nThis collaboration underscores Pakistan\u2019s commitment to responsible financial innovation, strong governance and compliance, and marks an important milestone in aligning the country\u2019s financial ecosystem with evolving global best practices. President Asf Ali Zardari approves polls date; election commission to issue detailed schedule in due course. \u2014 DNA<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD In a significant step towards leveraging emerging financial technologies to strengthen Pakistan\u2019s capital markets and enhance global investor access, the Ministry of Finance, Government of Pakistan, today signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world\u2019s leading blockchain and digital asset technology companies. The MoU was signed at …<\/p>\n","protected":false},"author":4,"featured_media":90952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-90939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=90939"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90939\/revisions"}],"predecessor-version":[{"id":90954,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90939\/revisions\/90954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/90952"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=90939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=90939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=90939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}