Islamabad: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced that Pakistan plans to issue Panda bonds by June 2025, aiming to raise approximately $200 million in investment from Chinese investors. Speaking in an interview with Hong Kong’s TVB News, he highlighted that the bonds are part of a broader strategy to access China’s capital markets and bolster Pakistan’s economic growth.
“We are optimistic about the prospects of Panda bonds and expect to raise around $200 million through this initiative,” Aurangzeb said. He emphasized that the move would strengthen economic ties with China and act as a catalyst for attracting further investment into Pakistan.
The minister outlined the government’s focus on shifting towards an export-led economic model, which he deemed essential for achieving long-term stability in the balance of payments.
Aurangzeb also highlighted the significance of the second phase of the China-Pakistan Economic Corridor (CPEC 2.0), a key component of China’s Belt and Road Initiative (BRI). He stated that this phase would bring more Chinese companies and investments to Pakistan, creating substantial opportunities for growth and development.
“The second phase of CPEC will deepen economic cooperation and accelerate development in Pakistan,” he noted.
In his diplomatic outreach, the finance minister invited Hong Kong to explore trade and financial opportunities in Pakistan. He suggested that Hong Kong could serve as a platform for joint ventures between Chinese and Pakistani companies, further strengthening financial and economic ties.
“We see immense potential for collaboration with Hong Kong in infrastructure, trade, and investment,” Aurangzeb remarked, adding that the government remains committed to enhancing financial cooperation with the region.
The Panda bonds, alongside CPEC 2.0 and increased collaboration with Hong Kong, are expected to reinforce Pakistan’s efforts to attract foreign investment and drive sustainable economic growth.
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