Pakistan's Finance Minister Aurangzeb pledges increased cooperation with Beijing on CPEC 2.0, aiming to lift bilateral trade and investment. He also plans to issue yuan-denominated Panda Bonds as early as June to bolster Pakistan's capital markets and support China's push for yuan internationalization.
Finance 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 China-Pakistan Relations Economic Cooperation Yuan Internationalization
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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