ISLAMABAD: Pakistan will issue Panda bonds by June 2025, and is expected to raise approximately $200 million from Chinese investors, Finance Minister Muhammad Aurangzeb said.
Aurangzeb has said that such bonds form part of Pakistan’s overall strategy to source investment from one of the world’s largest economies, China. For him, the bonds will assist in firming up Pakistan’s economy and improving its balance of payments.
“We are optimistic about the prospects of Panda bonds and hope to raise around $200 million through this issue,” he said. Aurangzeb believes the bonds will not only deepen economic ties with China but also act as a catalyst for more investments into Pakistan.
The finance minister emphasized the importance of shifting Pakistan’s economic focus toward export-led growth, which he believes is vital for long-term financial stability.
He also talked about the second phase of the China-Pakistan Economic Corridor (CPEC), through which more Chinese companies and investments will be brought to Pakistan, creating new opportunities for economic growth.
As part of economic diplomacy, Aurangzeb invited the government of Hong Kong to motivate the business communities to host delegations to Pakistan, through which all possible avenues for trade and investments may be discussed. He felt that Hong Kong could provide an excellent launching pad for joint ventures between Chinese and Pakistani companies, increasing cooperation in the economy.
We are going to strengthen our economic relations with Hong Kong, which is tremendous ground for cooperation in sectors ranging from infrastructure and trade to investment, he summed up.
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Pakistan issued the Panda bonds on its behalf indicating its aim towards the strengthening of ties with the economics of China with investment attraction, as well part. of the larger strategy that it aims for stable. economy growth that would bring much international capital flows.
