NextStep Solutions

A controversial crypto agreement is now in the spotlight, and not just in Pakistan. The signing of a deal between World Liberty Financial and the Pakistan Crypto Council has triggered strategic alarm bells in India, particularly due to its timing after the Pahalgam incident and the high-profile names involved.

What’s at stake is more than blockchain innovation. The involvement of Pakistani Army Chief Asim Munir and a delegation linked to Donald Trump’s inner circle—including Steve Witkoff’s son—raises deep geopolitical questions.

The agreement outlines ambitions to tokenize assets, launch stablecoins, and build a DeFi-focused sandbox in Pakistan. While the official aim is financial inclusion and digital growth, critics point to the deeper implications of military influence and foreign political ties in economic decisions.

General Munir reportedly played a central role, facilitating a closed-door meeting with Prime Minister Shehbaz Sharif and the US delegates. This intersection of military authority and foreign crypto interests has stirred suspicion across the border in India.

No statement yet from Trump’s camp or the US State Department. But in Delhi, analysts are already labeling the deal as a strategic maneuver wrapped in financial packaging.

This isn’t just about crypto anymore. It’s about who controls the infrastructure of future economies—and how closely that power is tied to national defense and international alliances.

USD/PKR update 3rd November 2023.Current Interbank Closing Rs.283.64.Reference to our last post dated 17th October 2023.

Be cautious in USD/PKR there may be a sharp fall in Dollar price as we have reached to our target area of Rs. 284.

As we have IMF delegation for discussion and it is expected that Pakistan will successfully receive the 2nd Tranche of SBA.

In worst case scenario PKR may get the hit towards Rs.288 however chances are very less.

Our target price for USD/ PKR intact at Rs. 270-265-260 in the coming weeks.

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NextStep Solutions