Overview
- Finance Minister Muhammad Aurangzeb said Pakistan will issue a renminbi-denominated sovereign bond for Chinese domestic investors.
- Authorities aim to complete the offering before the Feb. 17 Lunar New Year, with the Finance Division indicating a launch as early as January.
- The initiative is designed to broaden external financing, complement eurobond and sukuk borrowing, and reduce exposure to U.S. dollar debt.
- Officials link the plan to CPEC Phase‑II priorities, with potential proceeds directed to agriculture, minerals, artificial intelligence and the digital economy.
- Pakistan Observer reported bids from five Chinese firms for a proposed $300 million tranche, a development not yet confirmed by officials.