Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch yuan-denominated bonds (panda bonds) this year to shore up its finances, a Bloomberg report confirmed.

The country is planning to raise $200 million to $250m from Chinese investors over the next six to nine months, the finance minister told Bloomberg in an interview.

Panda bonds are a type of debt security issued by foreign entities in the Chinese capital markets, and they are denominated in Chinese yuan (RMB).

In March last year, Aurangzeb had

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