In an interview with Hong Kong’s TVB News Channel, Muhammad Aurangzeb stated that Pakistan intends to raise approximately two hundred million US dollars from Chinese investors through the issuance of the Panda Bond.

It is expected to be worth approximately $200 million to $250 million.

Aurangzeb noted that eluding tapping into the world’s second-largest capital market thus far had “been a missed opportunity on our part,” adding that we are eager to do so within this calendar year.

Stressing the importance of diversifying Pakistan’s funding sources, the finance minister has expressed optimism about securing a spot in “B” rating zone in due course by introducing reforms in line with the IMF’s conditions.

The minister mentioned that an equity listing for Service Long March, a Pakistani-Chinese joint venture that manufactures tires for trucks and buses, is forthcoming in Hong Kong.

“These joint ventures are looking to raise equity funds, and Hong Kong is undoubtedly a prime choice for them in international markets,” he stated, highlighting future opportunities for both primary and secondary listings by Pakistani companies in Hong Kong.

Aurangzeb also underscored the significance of BRI’s flagship project, China-Pakistan Economic Corridor (CPEC) during the interview.

In response to a question regarding how the IMF’s conditions might affect the planned projects, the finance minister dismissed such concerns.