Pakistan has received five bids from Chinese firms to assist in its debut issuance of Panda bonds, according to a Bloomberg report. Panda bonds are debt securities issued in China and denominated in Chinese yuan (RMB), aimed at accessing capital from Chinese investors.
The report states that by the proposal deadline, the government had received three offers from law firms and two from credit rating agencies. Additionally, two local firms expressed interest in serving as domestic legal counsels for the bond issuance.
The finance ministry is currently reviewing these proposals before making a final decision. Finance Minister Muhammad Aurangzeb, in March, announced plans to raise up to $300 million through Panda bonds this year, aiming to diversify funding sources and tap into the Chinese investment market. He noted that this approach should have been considered earlier.
Operation Ghazab-lil-Haq launched February 26-27 aimed at terrorists hiding in Afghanistan. Since its inception, terrorism…
Bryce James is drawing attention during the NCAA Tournament, not only for his connection to…
Iran's Revolutionary Guards announced missile and drone strikes on aluminum plants in Bahrain and UAE…
Iranian opposition leader Reza Pahlavi was warmly received at the Conservative Political Action Conference in…
National Disaster Management Authority (NDMA) issues rain, thunderstorm, snowfall alert The NDMA issued an alert…
Afghanistan's Foreign Minister, Amir Khan Muttaqi, stated that Afghanistan is keen to resolve all issues…
This website uses cookies.
