The Karachi Stock Exchange, Asia’s second-best performing market last year, will set up branches in New York, London and Dubai in the next four years to tap demand from expatriate Pakistani and overseas investors, reports Bloomberg.com.

“There are a large number of expatriate Pakistanis who want to have links with this market and are rich enough to do so,” Maudood Ahmad Lodhi, managing director of the Karachi exchange, said in an interview on June 23.

Pakistan is wooing investment to fuel a $118 billion economy that Prime Minister Shaukat Aziz predicts will expand at an annual pace of as much as 8 percent over the next five years.

I wonder when Karachi will take a pop at the London Stock Exchange?