China Praises Pakistan On Economic Recovery And Financial Market Retur

China Praises Pakistan On Economic Recovery And Financial Market Return

Chinese and Pakistani finance ministers met in Bangkok to discuss Panda Bonds, regional development, and ongoing financial cooperation.

NationPulse Desk

Oct 15, 2026 · 7:42 PM 2 min read

Key takeaways

Chinese Finance Minister Lan Fo'an and Pakistani Finance Minister Muhammad Aurangzeb met in Bangkok, Thailand during the World Bank Group and IMF Annual Meetings 2026.

China welcomed Pakistan's improving economic position and renewed access to international financial markets.

Pakistan's first Panda Bond issuance attracted strong investor demand with a 2.5 percent coupon rate and Asian Infrastructure Investment Bank credit enhancement.

Both ministers discussed plans for further Panda Bond issuances under an approved RMB 7.2 billion program.

Lan Fo'an expressed his intention to attend the upcoming SCO finance ministers meeting in Islamabad.

China expressed satisfaction over Pakistan recovering its economic standing and regaining entry into global financial markets, as officials from both nations met to explore broader monetary collaboration, future Panda Bond sales, and area development projects.

Chinese Finance Minister Lan Fo'an held talks with his Pakistani counterpart Muhammad Aurangzeb during the World Bank Group and IMF Annual Meetings 2026 located in Bangkok, Thailand.

In the course of their discussion, Aurangzeb pointed out Pakistan advancing toward macroeconomic balance and expressed gratitude to Beijing for consistent assistance through hard financial times.

Both officials evaluated Pakistan's initial Panda Bond offering, which drew heavy buyer interest and featured a favorable coupon rate of 2.5 percent.

Credit enhancement for this debt issuance was supplied by the Asian Infrastructure Investment Bank.

Aurangzeb stated that Islamabad plans to stay a regular participant in Chinese capital markets. The conversation addressed upcoming Panda Bond sales within the approved RMB 7.2 billion framework alongside ongoing Asian Infrastructure Investment Bank backing, together with Pakistan coming back to the Eurobond sector following a four-year gap.

Area monetary collaboration through the Shanghai Cooperation Organisation was another topic of discussion. Islamabad is getting ready to organize the upcoming Shanghai Cooperation Organisation summit along with the preceding Shanghai Cooperation Organisation finance ministers gathering.

Lan Fo'an stated his plan to be present at the ministerial gathering.

The two officials talked about setting up a Shanghai Cooperation Organisation Development Bank to aid local financial teamwork.

Beijing requested Islamabad to take an active part in talks and consensus building for the planned organization. Aurangzeb confirmed Islamabad's backing to push the project forward.

Talks also touched on infrastructure partnership, with Lan mentioning headway on a deal regarding requested alterations to a China-Pakistan highway project path.

Aurangzeb additionally updated the Chinese official regarding Pakistani cooperation with Alibaba aimed at advancing digital modernization and artificial intelligence education.

He confirmed the administration's dedication to carrying out the partnership agreement.

Questions and answers

Where did the finance ministers meet?

Chinese Finance Minister Lan Fo'an met Pakistan's Finance Minister Muhammad Aurangzeb on the sidelines of the World Bank Group and IMF Annual Meetings 2026 in Bangkok, Thailand.