Sunday, 19 January 2025, 10:12:58 pm


 
Analyst hails govt’s view on floating Panda Bond in Chinese market
January 19, 2025

Najeeb (Economist): I laud the government’s move to ponder over floating Panda Bond in Chinese financial and investment market. We can cap Chinese investment market by floating Yuan bond (Panda Bond) in China like we floated Euro bond in European bond market. It is a fine move to get good rate from Chinese financial and investment market. Pakistan’s rating by the international rating agencies will likely be very good till the time Pakistan is going to float Yuan bond in China. Till then Pakistan may organize roadshows along with other marketing tactics to market our bond. Under China Pakistan Economic Corridor (CPEC), Pakistan has gained immense foreign investment in infrastructure related projects. We have developed roads, highways, ports and power generating projects but we don’t have yet mass industrializations. I still recall several hours’ long power load shedding in the country before the launch of power projects under CPEC.  Currently the country stands at a strong position on economic front because almost all economic indicators show that our economy is moving towards positive direction. The country is doing good job on exports sector. However drivers for our strong economy will have to come from industry and exports. Chinese industrial transfer to Pakistan is also viable because of higher cost of production in China. There is immense potential of English speaking youth and we may get boost in our services sector by training this youth technically.