Pakistan to issue 'panda bonds' this year

Pakistan plans to issue yuan-denominated "panda bonds" this year, further integrating its capital markets with China's — a testament to the deepening cooperation between the two neighbors and China's key role in Pakistan's digital transformation, a senior Pakistani official said.

Speaking on Wednesday on the sidelines of the Boao Forum for Asia Annual Conference 2025 in Hainan province, Pakistan Minister for Finance and Revenue Muhammad Aurangzeb highlighted the growing bilateral collaboration across multiple sectors.

China's advances in technological innovation and connectivity and its steadfast commitment to opening-up serve as a counterbalance to unilateralism and protectionism, and "Pakistan and China are ironclad friends and strategic partners. We remain grateful to China for helping us in our journey of growth", Aurangzeb said.