- Pakistan previously issued bonds in US dollars, euros, said finmin.
- He refers to Pakistan, China as “Iron Brothers”, strategic partners.
- Islamabad can learn from Beijing experiences, underlines Aurangzeb.
The Federal Minister of Finance The Senator Muhammad Aurangzeb alluded to the potential Panda bond issue in Chinese Yuan by Pakistan this year, aimed at exploiting the large Chinese capital market.
The Minister of Finance’s remarks took place during his interviews with Chinese media, in particular English CGTN And Daily China.
Pakistan previously issued bonds in US dollars and euros. It is now time to benefit from the Chinese capital markets, Aurangzeb told the media.
The Panda bond issue will connect the capital markets from Pakistan to China and reflect Beijing’s important role in Islamabad’s digital transformation, he said
He thanked China for his constant support, referring to Pakistan and China as “Iron Brothers” and strategic partners.
The Minister visits China to participate in the Boao forum for the annual conference in Asia 2025.
He praised China’s efforts to open his economy and markets, highlighting the important role of foreign companies and businesses in China exports.
In addition, Aurangzeb underlined Pakistan’s desire to become a center for the transfer of facilities and services oriented towards the export of foreign companies, in particular Chinese.
He congratulated the construction of communication infrastructure, roads and ports in Pakistan as part of the Chinese-Pakistani Economic Corridor (CPEC) project.
Aurangzeb underlined the need to promote the financial advantages of the infrastructure built in Pakistan and to allow Chinese industries to benefit from this infrastructure.
He reiterated Pakistan’s commitment to strengthen regional trade and road and rail links with neighboring countries.
The Chinese export sector and companies can benefit from the existing infrastructure in Pakistan and low-cost labor.
Aurangzeb has also studied Chinese banks and their digital transformation, stressing that Pakistan can learn from China’s experiences, in particular in improving financial inclusion through digital solutions.
The Minister of Finance also stressed the importance of bilateral cooperation in areas such as financial technology, agriculture, drone technology and other key sectors.