ISLAMABAD: In a game-changing development for Pakistan-China economic cooperation, Pakistan has announced it will issue Panda Bonds worth $1 billion in the Chinese market, ARY News reported citing Finance Ministry officials.
The bond program will be executed in three phases between the current fiscal year and 2028. The first tranche of $250 million will be launched this year, while the remaining $750 million will be rolled out in the second and third phases.
Earlier, the plan was limited to $250 million, but the full $1 billion Panda Bonds issuance has now been revived.
At the same time, the Finance Ministry is preparing to scale back Treasury Bills with floating interest rates and short tenures, aiming to diversify Pakistan’s borrowing instruments.
Progress on the Panda Bonds plan is expected during Prime Minister Shehbaz Sharif’s upcoming visit to China, where he will be joined by the Finance Minister.
Looking ahead, Pakistan’s economic outlook appears positive. By 2028, the country’s GDP is projected to grow from Rs114 trillion to Rs163 trillion, reflecting a PKR 48 trillion surge.
