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Pakistan plans to issue panda bonds in China to raise funds, aiming for economic stabilization.
Pakistan's Finance Minister Muhammad Aurangzeb announced plans to issue yuan-denominated bonds, or panda bonds, to raise $200-250 million from Chinese investors.
This move aims to tap into China's capital markets and support economic stabilization and growth targets set by the IMF as part of a $7 billion aid package.
Pakistan's tax-to-GDP ratio increased to 10.8% in December, and the country aims to reach 13.5% to ensure a sustainable fiscal situation.
Recent economic indicators show positive changes, including increased foreign exchange reserves and remittances.
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Pakistán planea emitir bonos panda en China para recaudar fondos, con miras a la estabilización económica.