Can Panda bonds solve Pakistan's economic woes?

Quick Summary:

Pakistan received five bids from Chinese firms to help raise funds via Panda bonds, marking a significant step in returning to global capital markets.

This move aims to diversify funding sources and reduce reliance on Western financial markets.

Fitch’s upgraded credit rating and an IMF loan deal bolstered Pakistan's credibility, encouraging further fundraising efforts globally.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaHong KongPakistan

Topics: Funding Panda bonds Economic woes Fitch Investors Credit rating agencies Finance ministry IMF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 22:51:18 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 894 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21918019

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 18 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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