Pakistan has announced plans to issue Panda Bonds by June 2025 as part of its strategy to manage external debt and enhance its credit rating. This initiative is seen as a significant step toward improving the country’s economic stability and attracting foreign investment.
Finance Minister Muhammad Aurangzeb shared these plans in an interview, emphasizing the importance of Chinese investment in supporting Pakistan’s financial recovery. The government aims to raise $200–250 million through these bonds, which will be marketed to Chinese investors. Talks are also underway with the Asian Infrastructure Investment Bank (AIIB) to secure guarantees for the bond issuance.
The finance minister expressed optimism about upgrading Pakistan’s credit rating to a single B in the coming months, a move that would enhance the country’s credibility in the global financial market.
He also discussed Pakistan’s plans to strengthen ties with China in the next phase of the China-Pakistan Economic Corridor (CPEC). The government is encouraging Chinese private companies and export industries to explore investment opportunities in Pakistan, positioning the country as a promising export hub for major Chinese businesses.
Aurangzeb assured that security measures for Chinese companies operating in Pakistan will be improved, ensuring a safe and conducive environment for business operations. He underlined the vital role of China’s partnership in helping Pakistan navigate its current economic challenges.
“China’s investment and collaboration are crucial for our economic growth. We are committed to fostering a stronger relationship with Chinese businesses and creating new opportunities for mutual benefit,” he said.
The introduction of Panda Bonds marks a proactive step in Pakistan’s efforts to stabilize its economy, improve its financial standing, and build stronger international partnerships.
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