Govt launching Panda Bond in Chinese market: Aurangzeb
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said on Saturday that government was aiming to launch an inaugural Panda bond in the Chinese market to diversify its financing base.
He was talking to China’s Vice Minister of Finance, Liao Min during a meeting on the sidelines of World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings in Washington, according to press release issued by finance ministry.
He requested the Chinese side to raise the limits under the Currency Swap Agreement to CNY 40 billion.
Both sides emphasized the need for online payment settlements and integration of the two countries’ payment systems.
The finance minister said majority of Chinese companies was interested in expanding investments and increasing employment opportunities in Pakistan and assured that the government was committed to providing foolproof security to Chinese workers.
-
James Van Der Beek's Friends Helped Fund Ranch Purchase Before His Death At 48 -
King Charles ‘very Much’ Wants Andrew To Testify At US Congress -
Rosie O’Donnell Secretly Returned To US To Test Safety -
Meghan Markle, Prince Harry Spotted On Date Night On Valentine’s Day -
King Charles Butler Spills Valentine’s Day Dinner Blunders -
Brooklyn Beckham Hits Back At Gordon Ramsay With Subtle Move Over Remark On His Personal Life -
Meghan Markle Showcases Princess Lilibet Face On Valentine’s Day -
Harry Styles Opens Up About Isolation After One Direction Split -
Shamed Andrew Was ‘face To Face’ With Epstein Files, Mocked For Lying -
Kanye West Projected To Explode Music Charts With 'Bully' After He Apologized Over Antisemitism -
Leighton Meester Reflects On How Valentine’s Day Feels Like Now -
Sarah Ferguson ‘won’t Let Go Without A Fight’ After Royal Exile -
Adam Sandler Makes Brutal Confession: 'I Do Not Love Comedy First' -
'Harry Potter' Star Rupert Grint Shares Where He Stands Politically -
Drama Outside Nancy Guthrie's Home Unfolds Described As 'circus' -
Marco Rubio Sends Message Of Unity To Europe