Muhammad Aurangzeb says China is the second largest bond market in the world and Chinese investors can take advantage of Panda bonds.
Islamabad: Finance Minister Muhammad Aurangzeb has said Pakistan will issue Panda Bonds worth 300 million dollars this year to tap Chinese market.
In an interview with Bloomberg, he said China is the second largest bond market in the world and Chinese investors can take advantage of Panda bonds.
The Minister said initially bonds worth 250 million to 300 million dollars will be issued and volume of Panda bonds will be enhanced at a later stage.
He said government’s cash balances are strong enough that it is able to pay its debts on time. He said the country is heading in the right direction towards economic stability.
Muhammad Aurangzeb made it clear that the payments are unlikely to put pressure on the currency. He expressed the confidence that Pakistani rupee will hopefully remain stable
The Finance Minister said Pakistan will go for an IMF programme with at least three year duration. He expressed the confidence that growth rate will be better in the next financial year.
What 3,000 federal agents are doing in Minnesota
- 3 گھنٹے قبل
Trump’s war on the Federal Reserve heads to the Supreme Court next week
- 3 گھنٹے قبل
Why universal child care is closer than ever in New York
- 3 گھنٹے قبل
Fujifilm’s latest Instax Mini printer focuses on the details
- 5 گھنٹے قبل
Microsoft might have just leaked Forza Horizon 6’s release date
- 5 گھنٹے قبل
Mahmood Achakzai appointed Leader of Opposition in National Assembly
- 13 گھنٹے قبل
Falcons owner pledges $20M to Woods' charity
- 4 گھنٹے قبل
Xreal sues Viture over AR glasses patent
- 5 گھنٹے قبل
Fired Rockstar employees’ plea for interim pay denied
- 5 گھنٹے قبل
Five killed after two vehicles collide, catch fire in Balochistan's Washuk
- 13 گھنٹے قبل
England thrash Pakistan by 37 runs in Under-19 World Cup face-off
- 13 گھنٹے قبل
Rory: LIV not signing anyone who moves needle
- 4 گھنٹے قبل
