Pakistan, May 16 -- Finance Minister Muhammad Aurangzeb on Friday termed the successful issuance of Pakistan's first-ever Panda Bond as a historic milestone in the country's economic and financial engagement with China and the international capital markets.

Addressing the ceremony in Beijing, which marked Pakistan's inaugural Panda Bond issuance, Aurangzeb stated: "We celebrate a real landmark for Pakistan, the successful debut issuance of Pakistan's Panda Bond in China."

Pakistan completed its inaugural Panda Bond issuance in China's onshore capital market on Thursday, marking the country's first-ever entry into the world's second-largest and deepest capital market.

The finance minister said that the achievement marks "a beginning of ...