Pakistan is exploring cooperation with Hong Kong officials regarding fintech, AI, and the experience of tokenized bonds.
1 report, 1 independent
Updated Aug 1
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What happened
Pakistan is exploring cooperation with Hong Kong officials regarding fintech, AI, and the experience of tokenized bonds.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Pakistan
sovereign state in South Asia
Related events
- Pakistan is struggling to achieve trade advantages, lagging behind the expansion models of successful economies like Vietnam and the Philippines, while facing currency undervaluation issues.
- Increased financial exposure is needed to support Pakistan's IMF program, which requires assurances from various international partners, including Saudi Arabia and the UAE.
- High-level talks confirm the IMF program is underway, focusing on macroeconomic performance and expanding economic cooperation between Pakistan and the US.
- Pakistan is seeking to diversify its financing options by purchasing a stake in the New Development Bank and seeking BRICS membership to reduce dependence on the IMF.
- A government body led by the finance ministry is discussing Pakistan's economic outlook while seeking a further sovereign credit rating upgrade with S&P Global Ratings.