Pakistan to enter Chinese capital market as war inflation bites

Pakistan has reiterated plans to issue a yuan-denominated “Panda bond” as it seeks to shore up its economy. This move comes amid inflationary and geopolitical pressures triggered by Trump’s war on Iran. The longer-term strategy is to reduce Pakistan’s reliance on the dollar. Meanwhile, Pakistan aims to raise funds through Chinese capital markets. These plans, […] By The Canary