The government of Pakistan has decided to launch _______ Bonds to raise loans from Chinese Capital Markets?

For the first time in the country’s history, Pakistan on Thursday approved launching of Panda Bond in Chinese-denominated Yuan currency with possible transaction size equivalent to $500 million in two different tranches in order to finance its yawning trade deficit with Beijing. $300 million for Pakistan’s struggling economy. Pakistan’s trade deficit with China stood at around 12 billion dollars per annum and Islamabad is asking for Asean level tariff reduction on its exportable items. China has recently granted market access during the premier’s visit, helping Islamabad to boost its exports to China.