Fauji Foundation, one of Pakistan’s largest and most diversified business conglomerates, has signed a Letter of Intent (LOI) with global cryptocurrency exchange Binance to explore commercial collaboration in blockchain, cryptocurrency, digital payments and Web3 technologies within Pakistan.
The development was confirmed by the Pakistan Crypto Council (PCC) in a statement issued on Monday. According to the council, the LOI was signed on December 12 at the Fauji Foundation headquarters in Rawalpindi.
Under the agreement, both organisations will assess opportunities to develop digital payment infrastructure, blockchain-based solutions and cryptocurrency-related services in Pakistan.
As part of the collaboration, Binance will provide technical expertise, advisory support, and market insights drawn from its global crypto industry experience. Fauji Foundation, in turn, will work with Binance on payment infrastructure solutions that utilise digital assets, the statement said.
The partnership also places strong emphasis on education and capacity building. Both parties will promote blockchain and cryptocurrency education through their academic and training institutions to equip Pakistani youth with relevant skills.
Binance global blockchain ecosystem and cryptocurrency exchange by trading volume and users, and Fauji Foundation have signed a Letter of Intent (LOI) in Islamabad to explore potential commercial collaboration on blockchain, cryptocurrency, payments, and Web 3.0 ecosystem within… pic.twitter.com/0WhAZboMIM
— Sanaullah Khan (@SanaullahDawn) December 15, 2025The initiative aims to foster a better understanding of blockchain, Web3, digital payments and responsible crypto usage, enabling learners to participate safely and productively in the evolving digital economy.
The LOI was signed by Brigadier (retd) Irfan Khan, Secretary of the Fauji Foundation Committee of Administration, and Richard Teng, Chief Executive Officer of Binance.
Senior officials present at the ceremony included Lt Gen (retd) Anwar Ali Hyder, Managing Director and CEO of Fauji Foundation; Changpeng Zhao, Adviser to the Pakistan Crypto Council; and Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).
Fauji Foundation’s expanding footprint
Founded in the 1950s with an initial endowment of Rs18 million, Fauji Foundation has grown into a major medical and commercial conglomerate, generating annual dividends exceeding Rs30 billion.
Its healthcare network spans more than 1,800 beds across 74 medical facilities, including 11 hospitals and 63 clinics. The foundation also operates 128 educational institutions, ranging from schools and vocational centres to universities and medical colleges.
Read: Pakistan Partners with Binance for $2B Asset Tokenisation & Exchange Licenses
Fauji Foundation’s endowment fund is invested across agriculture, infrastructure, food, energy, power and financial services, with most of its commercial entities listed on the Pakistan Stock Exchange.
The LOI follows a recent memorandum of understanding between Pakistan’s Finance Ministry and Binance Investments Co Ltd, which aims to explore tokenisation and blockchain-based distribution of sovereign and real-world assets, including government bonds and treasury bills.
