Pakistan’s Virtual Assets Regulatory Authority said Pakistan and Hong Kong are exploring closer cooperation across financial services, digital assets, and tokenized capital markets. The statement came after Bilal Bin Saqib, minister of state and chairman of PVARA, met with Christopher Hui, Hong Kong’s secretary for financial services and the treasury. Their talks covered digital bond issuance, regulatory innovation, and the role tokenization could play in making capital formation and financial market operations more efficient. PVARA added that Hong Kong’s experience could offer a reference point for Pakistan as it works to build what it described as a next-generation financial system. The update was published by PVARA in a social media post.
Pakistan’s Virtual Assets Regulatory Authority (PVARA) said Pakistan and Hong Kong are exploring deeper cooperation at the intersection of financial services, digital assets, and tokenized capital markets.
Bilal Bin Saqib, minister of state and chairman of PVARA, met with Christopher Hui, Hong Kong’s secretary for financial services and the treasury. The two sides discussed digital bond issuance, regulatory innovation, and how tokenization could support more efficient capital formation and financial market operations.
PVARA said Hong Kong’s experience could serve as a reference for Pakistan in building a next-generation financial system.
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