Finance Minister Muhammad Aurangzeb has said that Pakistan has gained access to the world’s second-largest capital market through the planned issuance of Panda Bonds, calling it a major step forward in financial cooperation between Pakistan and China.
Speaking in an interview with Chinese television, the finance minister said the launch of Panda Bonds marked a new chapter in bilateral financial ties and provided Pakistan access to China’s domestic capital market for the first time.
He stated that the issuance reflects growing international confidence in Pakistan’s economic credibility and would further strengthen financial and investment relations between the two countries.
Aurangzeb said nearly one-quarter of trade between Pakistan and China is now being conducted in RMB and Chinese yuan, adding that the Panda Bond initiative would also support the international use of the Chinese currency.
The finance minister further said that the second phase of the China-Pakistan Economic Corridor is focused on business cooperation, industrial partnerships and investment opportunities, noting that the economic priorities of Pakistan and China are closely aligned.
He added that the government remains committed to economic reforms, fiscal discipline and investment promotion. According to him, ongoing reforms in taxation, the energy sector and state-owned enterprises are helping improve investor confidence.
Aurangzeb also said Pakistan has managed to maintain economic stability despite the challenging regional situation.
