Pakistan is set to debut in China’s capital market by issuing a $250 million Panda bond by the end of January 2026, Finance Minister Muhammad Aurangzeb announced. The bond, issued in China and denominated in Renminbi, aims to access sustainable and climate-resilient financing.
Speaking at the World Economic Forum in Davos, Aurangzeb said the green Panda bond reflects Pakistan’s commitment to fiscal discipline, productive debt use, and export-led development while strengthening climate resilience.
The minister highlighted Pakistan’s progress in reducing debt-to-GDP ratio from 75% to 70%, achieving a primary surplus, and financing major projects like a $3.6 billion copper mining deal expected to contribute $2.8 billion annually to exports by 2028.
Related stories:
Pakistan Issues Panda Bond to Strengthen China Ties
Pakistan requests ADB credit guarantee for Panda bond issuance
