Pakistan hints at Panda Bonds this year

ISLAMABAD:

Finance Minister Senator Muhammad Aurangzeb on Wednesday hinted at the possibility of Pakistan issuing Panda Bonds in Yuan this year to access China’s vast and deep capital market.

In an interview with Chinese media outlets, including CGTN English and China Daily, the minister said, Pakistan has previously issued bonds in the US dollar and the euro, and now is the time to benefit from the Chinese capital market.

The issuance of Panda Bonds will connect Pakistan’s capital markets with China and reflect China’s important role in Pakistan’s digital transformation, he said.