Reforms have increased investor confidence. Finance Minister

Federal Finance Minister Muhammad Aurangzeb has termed the issuance of the Panda Bond a major economic success for Pakistan and said that this initiative has further strengthened Pakistan’s economic reputation at the global level.

In an interview with Chinese TV, he said that Panda Bond marks the beginning of a new era in financial cooperation between Pakistan and China. According to him, Pakistan has gained access to China’s local capital market for the first time, which is a very important development for the country’s economy.

Muhammad Aurangzeb said that the issuance of a Panda Bond shows that global investors are trusting Pakistan’s economy and government policies. He said that this development will further strengthen financial ties between Pakistan and China.

He said that the use of Chinese currencies RMB and yuan in trade cooperation between Pakistan and China is increasing rapidly. According to the finance minister, a quarter of trade between the two countries is being done in RMB and yuan, while the Panda Bond will play an important role in the global acceptance of the RMB.

The federal minister said that under CPEC Phase II, the focus is now being given to industrial development, business partnership and investment promotion. According to him, Pakistan and China are natural partners in the economic sector.

Muhammad Aurangzeb said that the government is rapidly implementing the economic reform agenda in the country. He said that tax reforms, improvement of the energy sector and reform of government institutions are improving the economy, and investor confidence is being restored.

He said that despite the current regional situation, Pakistan has maintained economic stability, which reflects the success of government policies.

According to experts, the issuance of a Panda Bond is a positive signal for Pakistan in the global financial markets. They say that this step will open the prospects for more foreign investment in the future.

According to analysts, access to China’s local capital market will provide Pakistan with new sources of financial resources, which could boost economic growth.