Pakistan, March 27 -- Federal Minister for Finance, Senator Muhammad Aurangzeb on Wednesday hinted at the strong possibility of Pakistan issuing Panda Bonds in Yuan this year to access China's vast and deep capital market.
In an interview with Chinese media outlets, including CGTN English and China Daily, the minister said, Pakistan has previously issued bonds in US dollars and Euros, and now is the time to benefit from the Chinese capital market.
The issuance of Panda Bonds will connect Pakistan's capital markets with China and reflect China's important role in Pakistan's digital transformation, he said and thanked China for its consistent support, referring to Pakistan and China as "iron brothers" and strategic partners.
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