PVARA Chairman Bilal Bin Saqib explores tokenised markets, fintech regulation and technology partnerships during Hong Kong meetings.
Pakistan is expanding its engagement with Hong Kong in digital finance, tokenised capital markets and emerging technologies as the country works to establish a secure and internationally connected virtual-asset sector.
Minister of State and Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib held several high-level meetings during his visit to Hong Kong, focusing on regulatory innovation, financial technology and practical opportunities for cooperation.
Saqib met Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority, Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, and Duncan Chiu, a member of Hong Kong’s Legislative Council representing the technology and innovation constituency.
Discussions with the Hong Kong Monetary Authority covered financial regulation, tokenised capital markets, digital bonds, settlement infrastructure and technology-driven supervision. Pakistan is particularly interested in Hong Kong’s experience as it considers using tokenisation for government securities, sukuk and other real-world financial assets.
The meeting with Hong Kong’s Financial Services and the Treasury Bureau focused on strengthening institutional cooperation, exchanging knowledge and creating connections between financial institutions in Hong Kong and emerging opportunities in Pakistan.
Both sides also considered practical initiatives, including technical exchanges, institutional roundtables and the development of specific tokenisation use cases. The approach aims to move cooperation beyond policy discussions toward projects that could generate measurable economic benefits.
Saqib’s meeting with Duncan Chiu also examined legislation supporting innovation, competitive fintech and Web3 ecosystems. Artificial intelligence, cybersecurity and other frontier technologies were discussed as potential areas for future collaboration.
Hong Kong could also provide a strategic link between Pakistani technology companies and investors, technology firms and industrial partners across Hong Kong and the Greater Bay Area.
Saqib highlighted Hong Kong’s ability to combine regulation, financial infrastructure and government support to integrate emerging technologies into mainstream finance. He said Pakistan’s next priority was to convert its virtual-asset regulatory framework into economic opportunities by attracting credible companies, mobilising capital and developing real-world applications.
The Hong Kong engagement is part of PVARA’s broader international outreach. Pakistan aims to build regulatory relationships and establish practical partnerships that can support a transparent, secure and globally connected digital-asset ecosystem.