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Panda power: Pakistan to tap China debt market with first sale of yuan-priced notes
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12.05.2026

Panda power: Pakistan to tap China debt market with first sale of yuan-priced notes

Pakistan is poised to become the latest partner in a China-centred trading network, known as the Belt and Road Initiative, to sell “panda bonds”. Islamabad seeks to raise as much as US$250 million through its first-ever sale of the bonds – yuan-denominated debt instruments sold by foreign entities in mainland China’s onshore market – as early as this week. Finance Minister Muhammad Aurangzeb confirmed on Saturday that Islamabad was preparing to access Chinese capital markets with the sale – the...

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