Business Desk 
Dec 31, 2025
Pakistan is set to launch the country’s very first Panda Bond issuances, a yuan-denominated bond offering in the Chinese market, as part of overall efforts to ensure the diversity of external borrowing.
This was disclosed by the Pakistani Financing Minister Senator Muhammad Aurangzeb during a CGTN exclusive interview conducted on Tuesday.
"The Panda Bond Pakistan issuance represents a new chapter in bilateral economic cooperation," declared the finance minister. "China has always been Pakistan’s largest trading partner. Pakistan and China’s trade has reached close to $17 billion in the first eight months," he continued.
Aurangzeb said that the level of cooperation between the two countries has evolved from working on projects related to infrastructure to becoming market-driven initiatives.
He said that the China-Pakistan Economic Corridor (CPEC) project is now in its second phase, which emphasises the monetisation of existing infrastructure instead of building roads, seaports, or power generation capacity.
Aurangzeb highlighted future fields where there can be collaboration, saying agriculture, mining, artificial intelligence, and the digital economy are areas that attract Chinese investors.
The finance minister also said that more focus is being placed on human resource development and technology transfer.
