Pakistan Launches Panda Bond Roadshow in Beijing

Non-Deal Roadshow Highlights Economic Reforms and Investment Opportunities

Pakistan has launched a non-deal investor roadshow in Beijing, China, from July 7 to 11, 2025, aimed at promoting its first-ever Panda Bond issuance.

According to economic advisor Khurram Shehzad, the roadshow focuses on presenting Pakistan’s macroeconomic outlook, ongoing debt restructuring efforts, and the structure of the upcoming Panda Bond.

Led by the Ministry of Finance, the initiative is designed to engage with Chinese investors and financial institutions ahead of the formal bond issuance expected later this year. Technical meetings are being held with underwriters, credit rating agencies, legal advisors, and potential guarantors.

Finance Minister Muhammad Aurangzeb earlier stated that the bond will be denominated in Chinese yuan and is expected to raise between $200 million and $300 million. Development partners like the Asian Infrastructure Investment Bank (AIIB) may also provide credit guarantees to support the issuance.

The Panda Bond is a key element of Pakistan’s broader financial strategy to diversify funding sources and reduce reliance on US dollar-denominated borrowing. It also supports the country’s goal to improve its credit rating to single ‘B’ and deepen ties with China’s capital markets.

Aurangzeb also encouraged China’s private sector and export-oriented industries to consider relocating production units to Pakistan, supporting its vision to become a regional export hub.

This aligns with Phase Two of the China-Pakistan Economic Corridor (CPEC), which focuses on developing special economic zones, agriculture, and information technology.

The government is also enhancing security measures to protect foreign investors and companies operating in the country, reflecting a stronger commitment to creating a secure and investment-friendly environment.