Pakistan is set to issue a Panda Bond by June 2025, aiming to strengthen its position in China’s capital markets and raise approximately $200 million from Chinese investors, according to Finance Minister Muhammad Aurangzeb.
Speaking in an interview with Hong Kong’s TVB News Channel, Aurangzeb emphasized that the bond issuance is a vital component of Pakistan’s broader strategy to pivot towards export-led growth and achieve a sustainable balance of payments. He highlighted that the Panda Bond would allow Pakistan to diversify its funding sources and enhance financial collaboration with China.
Aurangzeb also highlighted the importance of the second phase of the China-Pakistan Economic Corridor (CPEC), which he said is expected to attract more Chinese businesses to Pakistan and open up new avenues for investment.
The finance minister extended an invitation to Hong Kong to play a role in Pakistan’s economic progress, encouraging trade delegations from the region to explore opportunities for collaboration in finance and commerce. He suggested that Hong Kong could act as a strategic platform for fostering joint ventures between Chinese and Pakistani enterprises.
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