Pakistan, March 26 -- Pakistan is preparing to issue its first-ever Panda Bond in the Chinese market this year, according to Finance Minister Muhammad Aurangzeb. The bond, aimed at raising capital from Chinese investors, marks a significant step for Pakistan in accessing China's vast capital market.
In an interview with China Global Television Network (CGTN), Aurangzeb expressed his enthusiasm for tapping into China's capital market, the second-largest and deepest in the world. He noted that Pakistan has previously issued bonds in US dollars and euros but had not yet entered the Chinese market.
The government plans to raise $200 million from Chinese investors through the Panda Bond. Aurangzeb also highlighted sectors like agriculture, art...