Islamabad: Pakistan has announced plans to launch a Panda Bond by June, as part of its strategy to enhance the country’s presence in China’s capital markets. The initiative aims to raise approximately $200 million from Chinese investors.

According to a statement by Ministry of Information and Broadcasting, Finance Minister Muhammad Aurangzeb detailed the plan during an interview with Hong Kong’s TVB News Channel. The Minister highlighted that the issuance of the Panda Bond is a component of a broader strategy to transition Pakistan’s economy towards export-driven growth and to achieve sustainability in the country’s balance of payments.

Aurangzeb also underscored the significance of the second phase of the China-Pakistan Economic Corridor (CPEC). He noted that this phase is expected to attract more Chinese companies and open avenues for increased investments, further strengthening economic ties between the two nations.

Additionally, the Finance Minister extended an invitation to Hong Kong to send delegations to Pakistan to explore trade and financial opportunities. He suggested that Hong Kong could act as a strategic hub for joint ventures between Chinese and Pakistani companies, potentially facilitating enhanced collaboration and investment.