Pakistan Plans $300 Million Panda Bond Sale to Tap Chinese Investors

Pakistan’s new finance minister, Muhammad Aurangzeb, has announced plans to sell as much as $300 million in Panda bonds this year. This move marks the first time Pakistan will issue yuan-denominated debt, aiming to diversify its funding sources and attract investors from the Chinese market. The sale of Panda bonds is expected to open up new opportunities for Pakistan in the global financial market and strengthen its economic ties with China.