Pakistan Wins Award for Panda Bond, Plans More China Debt Issues

Pakistan secured the Pioneer Sustainable Sovereign Panda Bond Issuer Award for its CNY1.75 billion ($258 million) bond, which saw 5x+ demand at 2.5% for 3 years. Finance Minister Muhammad Aurangzeb confirmed plans for further debt issues in China, citing the bond's success in diversifying financing and strengthening Pakistan-China financial ties. This positive economic development could contribute to a more stable USD/PKR exchange rate, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com