Pakistan is set to enter the Chinese financial market for the first time with the planned issuance of its debut Panda Bond this year, as revealed by Finance Minister Muhammad Aurangzeb.
In an interview with China Global Television Network (CGTN), the finance minister highlighted the importance of accessing the vast Chinese capital market, which he described as the second-largest and most robust in the world. He mentioned that while Pakistan has previously issued bonds in US dollars and euros, the country had yet to explore the Chinese market. He expressed optimism that the bond issuance would occur within this year.
Aurangzeb also spoke about Pakistan’s sectors with high potential for Chinese investment, including agriculture, artificial intelligence, and technology. These areas, he noted, offer great opportunities for cooperation and technical support from China.
The minister praised China’s advancements in green projects and sustainability efforts, considering them a global benchmark. He stated that Pakistan aims to learn from China’s experience in these fields, particularly under the Belt and Road Initiative (BRI), which has already led to significant Chinese investments in Pakistan’s infrastructure and energy sectors.
Aurangzeb also discussed Pakistan’s efforts to revitalise its agriculture sector, positioning it as a key driver of economic growth. He referenced Prime Minister Shehbaz Sharif’s recent visit to China, where he toured agricultural universities and observed vertical farming techniques in Shaanxi Province. The minister shared plans to send around 1,000 Pakistani students and agricultural specialists to China for training and technology transfer under Chinese supervision.
Aurangzeb reiterated the long-standing and strategic partnership between Pakistan and China, emphasising the continuous support and cooperation provided by China, which has played a crucial role in Pakistan’s development efforts.
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