Pakistan Plans $1 Billion Panda Bond Issuance in Three Phases
Islamabad — Pakistan is set to issue Panda Bonds totaling $1 billion over three phases between the current fiscal year and 2028, finance ministry sources confirmed.
In the first phase, Panda Bonds worth $250 million will be launched, while the remaining $750 million will be issued in the second and third phases. The full-scale $1 billion issuance marks an expansion from earlier plans, which had targeted only $250 million.
The Ministry of Finance is also looking to reduce the issuance of Treasury Bills with floating interest rates and shorter tenures, aiming to diversify the country’s borrowing instruments.
Progress on the Panda Bonds initiative is expected during Prime Minister Shehbaz Sharif’s upcoming visit to China, which will be accompanied by Finance Minister [name], officials said.
Economic projections indicate robust growth for Pakistan’s economy over the next three years. By 2028, the country’s GDP is expected to rise from Rs114 trillion to Rs163 trillion, reflecting an increase of Rs48 trillion.
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