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KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb has said that Pakistan would launch Panda bonds during FY 2025-26.
The finance minister who is on a trip to Washington to attend the spring meetings organized by the IMF and World Bank – came during a meeting with Chinese Finance Minister, Lan Fo’an, in Washington DC.
Last month, Aurangzeb told Bloomberg that Pakistan seeks to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time this year
Panda bonds are yuan-denominated instruments sold in China by offshore issuers, including companies, multilateral agencies, and governments.
During the meeting, Aurangzeb informed his Chinese counterpart that Pakistan was entering into a larger and extended program with the International Monetary Fund (IMF) and looked forward to the support of China.