Pakistan eyes Hong Kong for joint ventures and stock listings

Aurangzeb urges Hong Kong to reconsider its travel advisory for Pakistan, which has been in effect since 2014
An undated image with Hong Kong (left) and Pakistan (right) flag. — Canva
An undated image with Hong Kong (left) and Pakistan (right) flag. — Canva 

Pakistan is exploring new opportunities to enhance its economy by forming joint ventures and listing its companies on the Hong Kong Stock Exchange (HKEX).

This was revealed by finance minister Muhammad Aurangzeb in an interview with the South China Morning Post during the Asian Financial Forum in Hong Kong.

Aurangzeb noted that Pakistani companies could use Hong Kong’s position as a global financial hub to attract international investors. The finance minister described the potential primary and secondary listings of Pakistani firms on HKEX as a “win-win,” enhancing investment flows between Pakistan and Hong Kong.

Hong Kong and Pakistan collaboration opportunities

Aurangzeb highlighted the importance of stronger ties between the two regions. He expressed hope for a visit by a Hong Kong delegation to Pakistan to explore collaboration opportunities. He added that Hong Kong could further strengthen its role as a financial hub by engaging with Pakistani businesses.

The finance minister also discussed Pakistan’s recent economic revival. He referred to the country’s successful efforts to avoid default in 2023 through last-minute loans and a long-term bailout from the International Monetary Fund (IMF).

Pakistan’s call for reassessment of travel warnings

Aurangzeb urged Hong Kong to reconsider its travel advisory for Pakistan, which has been in effect since 2014. He noted that Pakistan is hosting international conferences and welcoming high-profile visitors, including Indonesia’s president with an investment delegation, indicating improved conditions.