AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Beijing: Finance Minister Muhammad Aurangzeb has said that Pakistan’s inaugural Panda Bond issuance marks a transformational step in the country’s financial landscape and opens a new chapter in Pakistan-China economic cooperation.
According to Radio Pakistan, in an interview with China Global Television Network (CGTN) following the official Panda Bond Issuance Ceremony in Beijing, the Finance Minister stated that the successful issuance reflects the growing confidence of Chinese institutions and global investors in Pakistan’s macroeconomic stability, reform agenda, and economic direction.
Muhammad Aurangzeb emphasized that the Panda Bond issuance is not only significant for Pakistan’s financing strategy but also contributes towards the internationalization of the Renminbi (RMB). He noted that nearly one-quarter of bilateral trade between Pakistan and China is already being settled in RMB and Chinese Yuan (CNY), highlighting the increasing financial integration and expanding economic partnership between the two countries.
The Finance Minister said the strategic priorities of Pakistan and China remain closely aligned in promoting connectivity, trade, investment, and sustainable economic growth.