Islamabad, Mar 28, 2025: Federal Finance Minister Muhammad Aurangzeb has suggested that Pakistan may issue Panda Bonds in Chinese Yuan this year to tap into China’s extensive and liquid financial markets, according to APP.
During an interview with Chinese media outlets, including CGTN English and China Daily, Aurangzeb stated that while Pakistan has previously floated bonds in US dollars and Euros, it is now strategically positioning itself to benefit from China’s robust capital market.
The introduction of Panda Bonds is expected to enhance Pakistan’s financial connectivity with China and further underscore Beijing’s pivotal role in Pakistan’s ongoing digital transformation.
Expressing gratitude for China’s unwavering support, the minister referred to the enduring partnership between the two nations as one of “iron brotherhood” and mutual strategic interests.
His visit to China aligns with his participation in the Boao Forum for Asia Annual Conference 2025.
Aurangzeb commended China’s economic liberalization and market accessibility, noting the crucial contributions of multinational corporations to its export-driven economy.
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He emphasized Pakistan’s vision of evolving into a regional hub for foreign direct investment, particularly from China, by facilitating export-driven businesses and industries.
The minister also lauded the advancements in transportation networks, including highways, ports, and logistics infrastructure under the China-Pakistan Economic Corridor (CPEC).
He underscored the necessity of capitalizing on these developments to optimize economic benefits and encourage Chinese enterprises to leverage Pakistan’s strategic location and cost-effective labor force.
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Highlighting the importance of regional trade, Aurangzeb reiterated Pakistan’s commitment to strengthening economic ties and developing integrated road and rail corridors with neighboring countries.
He further pointed out that China’s manufacturing and export sectors stand to gain significantly from Pakistan’s well-developed infrastructure and competitive workforce.
In addition, the finance minister explored China’s banking sector and its remarkable strides in digital transformation.
He emphasized that Pakistan could derive valuable insights from China’s financial inclusion strategies, particularly in adopting cutting-edge digital financial services.
Aurangzeb also underscored the potential for collaboration between the two nations in diverse sectors such as financial technology, agriculture, and drone technology, reinforcing the significance of bilateral cooperation in driving innovation and economic growth.
