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BANGKOK: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with H.E. Lan Fo\u2019an, Minister of Finance of the People\u2019s Republic of China, on the sidelines of the World Bank Group\u2013IMF Annual Meetings 2026 in Bangkok, Thailand. The meeting focused on strengthening bilateral financial cooperation, expanding access to international capital markets, and advancing regional economic collaboration.<\/strong><\/p>\n During the meeting, the two ministers reviewed Pakistan\u2019s successful inaugural Panda Bond issuance, including regulatory support, credit enhancement from the Asian Infrastructure Investment Bank (AIIB), a competitive 2.5% coupon, and strong investor demand.<\/p>\n Senator Muhammad Aurangzeb reiterated Pakistan\u2019s intention to establish a sustained presence in the Chinese capital market as a repeat sovereign issuer. Discussions also covered Pakistan\u2019s return to the Eurobond market after four years and plans for further Panda Bond issuances under the approved RMB 7.2 billion programme, with continued AIIB support.<\/p>\n Both Ministers discussed Pakistan\u2019s chairmanship of the Shanghai Cooperation Organisation (SCO), including preparations for the forthcoming summit and the preceding SCO Finance Ministers\u2019 Meeting in Islamabad. H.E. Lan Fo\u2019an expressed his intention to attend the ministerial meeting in Islamabad.<\/p>\n The two sides also exchanged views on the proposed establishment of the SCO Development Bank as an important initiative for regional financial cooperation. The Chinese side sought Pakistan\u2019s active participation in ongoing consultations and support for building consensus on the proposed institution. Senator Muhammad Aurangzeb reaffirmed Pakistan\u2019s commitment to advancing the establishment of the bank.<\/p>\n The meeting also covered bilateral infrastructure cooperation, with the Chinese Finance Minister referring to progress towards consensus on proposed changes to the route of a China\u2013Pakistan highway project.<\/p>\n Senator Muhammad Aurangzeb highlighted Pakistan\u2019s progress towards macroeconomic stability and expressed appreciation for China\u2019s longstanding support, particularly during challenging economic circumstances. The Chinese Finance Minister welcomed Pakistan\u2019s improving economic position and renewed access to global financial markets.<\/p>\n<\/div>\n