Karachi: Pakistan is preparing to launch a Panda Bond by June, aiming to strengthen its foothold in China’s capital markets, Finance Minister Muhammad Aurangzeb announced. The initiative is expected to raise approximately $200 million from Chinese investors, marking a significant move in the country’s economic strategy.

According to a statement by Ministry of Information and Broadcasting, the finance minister shared these plans during an interview with Hong Kong’s TVB News Channel. Aurangzeb explained that the bond issuance is part of a broader strategy to transition Pakistan’s economy towards export-driven growth, emphasizing the importance of achieving sustainability in the nation’s balance of payments.

Aurangzeb further highlighted the pivotal role of the second phase of the China-Pakistan Economic Corridor (CPEC). He asserted that this phase would attract more Chinese companies and facilitate increased investment opportunities.

The finance minister extended an invitation to Hong Kong, encouraging delegations to explore trade and financial prospects in Pakistan. He suggested that Hong Kong could act as a strategic hub for joint ventures between Chinese and Pakistani enterprises, fostering closer economic ties.