Islamabad: Pakistan plans to issue yuan-denominated panda bonds by June, according to the country’s Finance Minister Muhammad Aurangzeb. The move aims to deepen Pakistan’s capital market integration with China and attract significant investments from Chinese investors. The government anticipates raising between $200 million to $250 million through this initiative.

According to a statement by Ministry of Information and Broadcasting, Aurangzeb highlighted the critical need for Pakistan to diversify its funding sources. The issuance of panda bonds is a strategic step in this direction, as it seeks to tap into the robust Chinese financial market.

In an interview with the South China Morning Post, Aurangzeb emphasized the importance of broadening financial cooperation with Beijing. He also reiterated Pakistan’s commitment to advancing the next phase of the China-Pakistan Economic Corridor (CPEC), a major development project aimed at enhancing regional connectivity and economic collaboration.

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