Pakistan to tap China for $300 million debut Panda bonds

Pakistan to tap China for 0 million debut Panda bonds

Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year. Selling yuan-denominated debt will allow Pakistan to diversify its funding sources and reach investors in a new market, Muhammad Aurangzeb, said in an interview Friday at his … Read more

Ex-JP Morgan banker Muhammad Aurangzeb becomes Pakistan’s new finance minister

Ex-JP Morgan banker Muhammad Aurangzeb becomes Pakistan’s new finance minister

Pakistan’s newly elected Prime Minister Shehbaz Sharif picked a former banker from JPMorgan Chase & Co. as finance minister to help bolster the cash-strapped economy after a contentious election.Muhammad Aurangzeb, 59, was appointed to the position, the Finance Ministry confirmed in a post on X. He earlier stepped down as chief executive officer of Pakistan’s … Read more