ISLAMABAD: Finance Minister Muhammad Aurangzeb chaired a review meeting in which he announced that Pakistan will issue its first Panda Bond in January 2026.
This is part of a planned program that could be worth up to $1 billion.
He said that approvals from multilateral partners have already been received. Final approval from Chinese regulators is expected in early January.
According to the Finance Ministry, the move aims to diversify funding sources and gain access to China’s onshore debt market. The initial bond will raise about $250 million. Further tranches will be issued after regulatory approvals are completed.
He said that the bond will be denominated in yuan and will be sold in China’s domestic market. This program is part of Pakistan’s broader debt management strategy. So that the economy can be stabilized under the IMF’s $7 billion program.
