Pakistan, May 16 -- Pakistan Finance Minister Muhammad Aurangzeb on Saturday called the country's inaugural Panda Bond issuance a "transformational step" for the economy. He said the move opens access to China's deep capital markets and strengthens financial cooperation with Beijing. The development is seen as important for Pakistan's external financing strategy and investor confidence.

Aurangzeb said the successful issuance reflects growing trust from Chinese institutions and global investors in Pakistan's macroeconomic stability. He added that reforms and policy direction are improving the country's economic outlook. Moreover, he said Pakistan is steadily restoring credibility in international financial markets.

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