Pakistan is planning to secure additional funding from China’s financial markets after the successful launch of its first yuan-denominated panda bond, according to Finance Minister Muhammad Aurangzeb.
The country’s debut panda bond attracted strong investor interest and was reportedly oversubscribed by more than five times, highlighting growing confidence among investors.
Through the issuance, Pakistan raised approximately $258 million, making it one of the country’s lowest-cost foreign currency borrowing transactions to date.
Speaking in an interview, Finance Minister Muhammad Aurangzeb said the government considers the panda bond initiative part of a long-term financing strategy rather than a one-time transaction.
He stated that the overall panda bond program is valued at around $1 billion, with plans for additional renminbi-denominated bond issuances in the future.
Pakistan has gradually returned to international financial markets following the economic challenges faced in 2023, when the country experienced severe financial pressure and concerns over default risks.
Earlier this year, Pakistan also secured $500 million through a private placement deal, marking its first international market borrowing in four years.
The government continues to implement economic reforms under programs supported by the International Monetary Fund (IMF) to improve fiscal stability, strengthen economic management, and restore investor confidence.
