Boao, China – March 25, 2025 — Federal Minister for Finance Muhammad Aurangzeb has revealed that Pakistan is considering issuing Panda Bonds in Chinese Yuan later this year, marking a strategic move to deepen financial integration with China. Speaking during his official visit to the Boao Forum for Asia Annual Conference 2025, Aurangzeb emphasized the opportunity to leverage China’s vast capital markets to strengthen Pakistan’s economic foundation.
Panda Bonds, which are Chinese renminbi-denominated bonds issued by non-Chinese entities in China, could serve as a bridge between the two nations’ financial sectors. “We have previously accessed global markets through bonds in US dollars and Euros. It’s now time to explore the Chinese capital market,” said the minister in an interview with CGTN English and China Daily.
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Calling China and Pakistan “iron brothers” and strategic allies, Aurangzeb highlighted the role Panda Bonds could play in advancing Pakistan’s digital and economic transformation. The issuance is also seen as a significant step in connecting the financial systems of both countries.
During his visit, Aurangzeb praised China’s progressive economic reforms and openness to foreign investments, noting their positive impact on global exports. He underscored Pakistan’s aspiration to become a hub for export-oriented manufacturing and services, particularly for Chinese enterprises seeking cost-effective and strategically located production bases.
Aurangzeb also recognized the pivotal role of the China-Pakistan Economic Corridor (CPEC) in enhancing infrastructure, connectivity, and trade capacity. He called for capitalizing on the financial potential of CPEC assets, encouraging Chinese industries to utilize the extensive road, rail, and port networks developed under the initiative.
In discussions on financial innovation, the finance minister expressed a keen interest in replicating China’s success in digital banking and financial inclusion. He stressed the importance of technology-driven cooperation in fintech, agriculture, drone applications, and other emerging sectors.
With regional trade, connectivity, and technological partnerships on the agenda, Pakistan’s potential Panda Bond issuance could be a landmark moment in China-Pakistan economic relations and a step forward in reshaping the regional financial landscape.
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