Finance Minister Muhammad Aurangzeb announced on Thursday that Pakistan is aiming to raise up to $1 billion through international bonds in the upcoming fiscal year FY25.
According to Reuters, Aurangzeb stated that Pakistan plans to raise around $300 million through the Chinese markets. He mentioned, “Our initial target is to access the Chinese panda bond market, with our first bond expected to raise the equivalent of $250-300 million in yuan.”
The minister highlighted that the Ministry of Finance’s strategy involves expanding into European and other markets as the country’s investment ratings improve.
In March, Aurangzeb expressed Pakistan’s interest in attracting Chinese investors by issuing approximately $300 million in Panda bonds. He emphasized that issuing debt denominated in yuan would aid in diversifying funding sources and engaging with investors in a new market.
