Islamabad: Finance Minister Muhammad Aurangzeb has announced that Pakistan is set to launch a Panda Bond by June this year, aiming to enhance the country’s presence in China’s capital markets. In a recent interview with Hong Kong’s TVB News Channel, Aurangzeb outlined the nation’s plan to raise approximately two hundred million US dollars from Chinese investors through this bond issuance.

According to Radio Pakistan, the Finance Minister emphasized that the introduction of the Panda Bond is a part of a comprehensive strategy to pivot Pakistan’s economy towards export-driven growth. This move is expected to contribute to the sustainability of the country’s balance of payments. Aurangzeb also underscored the significance of the second phase of the China-Pakistan Economic Corridor (CPEC), which he believes will attract more Chinese companies and open avenues for increased investments.

Aurangzeb extended an invitation to Hong Kong, encouraging them to send delegations to Pakistan to explore trade and financial opportunities. He expressed the view that Hong Kong could serve as a strategic hub for joint ventures between Chinese and Pakistani companies, further strengthening economic ties between the regions.