Pakistan, May 15 -- Finance Minister Muhammad Aurangzeb has described Pakistan's first-ever Panda Bond issuance in China as a major milestone in economic and financial cooperation with Beijing. The debut marks Pakistan's entry into China's onshore capital market, one of the world's largest and most liquid financial systems.

The issuance, valued at CNY 1.75 billion, was oversubscribed, reflecting strong investor demand and confidence in Pakistan's economic outlook. Officials said the programme was part of a broader CNY 7.2 billion bond framework developed after two years of planning and coordination with Chinese regulators and financial institutions.

Read more: Pakistan issues first Panda Bond in China's onshore capital market

Aurangzeb...