Finance Minister Muhammad Aurangzeb announced that Pakistan plans to issue Panda Bonds worth $300 million this year to tap into the Chinese market.
In an interview with Bloomberg, he highlighted China’s status as the second-largest bond market globally and emphasized the benefits for Chinese investors in accessing Panda bonds.
Initially, bonds worth $250 million to $300 million will be issued, with plans to enhance the volume of Panda bonds at a later stage. Minister Aurangzeb underscored the strength of Pakistan’s cash balances, enabling timely debt payments and steering the country towards economic stability.
Read also: IMF Reaches Staff-Level Agreement with Pakistan for $1.1 Billion
He expressed confidence that the debt payments would not exert pressure on the currency and voiced optimism about the stability of the Pakistani rupee. Aurangzeb also revealed Pakistan’s intention to pursue an IMF program lasting at least three years, expressing confidence in a better growth rate in the upcoming financial year.
BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…
Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…
Bangladesh and Pakistan have been working for wider and stronger bilateral ties between the countries.…
Bank Alfalah, one of Pakistan’s leading commercial banks, has introduced AlfaMall on WhatsApp, bringing a…
K-Electric (KE) has witnessed a positive industrial response to the Prime Minister’s Winter Demand Initiative,…
Karachi witnessed yet another devastating road accident as a speeding car struck a motorcycle on…
This website uses cookies.