5 Chinese firms bid to help Pakistan raise Panda bonds after credit rating upgrade and IMF loan.

5 Chinese firms have submitted bids to assist Pakistan in raising funds through Panda bonds as the country seeks to re-enter global capital markets. This follows a recent upgrade in Pakistan's credit rating and a $7bn loan agreement with the IMF. Pakistan aims to diversify its funding sources by targeting Chinese investors and is also implementing measures such as raising taxes and energy prices to increase revenue.

August 01, 2024
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