Pakistan Finance Minister Muhammad Aurangzeb pledged greater cooperation with Beijing on the next phase of the China-Pakistan Economic Corridor (CPEC) to boost bilateral trade and investment. He also announced plans for Pakistan to issue yuan-denominated Panda Bonds as early as June to further integrate its capital markets with China's.
Biden announces aircraft carriers will be named for Clinton, BushFinance Minister Aurangzeb pledges more cooperation with Beijing on key economic strategy to boost bilateral trade, investments: Says Islamabad will try to achieve ‘single-B’ credit rating category: Enhancing CPEC 2.
Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, have gained traction as traders and countries seek to diversify from an over-reliance on the US dollar, while tapping into the world’s second-largest economy at attractive rates. Aurangzeb added that Pakistan would help to support the “internationalisation of the renminbi” and boost cooperation with the “second-largest and second-deepest capital market in the world”.
The International Monetary Fund and Pakistan also reached an agreement on a 37-month extended bailout loan of about $7 billion, with some of the country’s main debt holders, including China, agreeing to a one-year debt rollover last year.
CPEC Panda Bonds Belt And Road Initiative Pakistan Economy China-Pakistan Relations
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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