Islamabad: (RightNow) Pakistan has received a global accolade for its sustainable sovereign Panda Bond at the 2026 Asia-Pacific Climate Bonds Awards. Investor demand for this bond was 5 times the issued volume.

Finance Advisor Khurram Shehzad stated that Pakistan issued its first sustainable Panda Bond in May 2026, with a total volume of 1.75 billion Chinese Yuan. The 3-year bond was issued at a 2.5% coupon rate.

The Panda Bond funds are being utilized for sustainable projects in water, energy, and health sectors. Khurram Shehzad mentioned that the Panda Bond plays a significant role in strengthening financial relations between Pakistan and China.

The record demand for the Panda Bond is evidence of Pakistan’s economic recovery and stability, while its global recognition is further expanding financial ties between Pakistan and China.

It is noteworthy that the issuance of the Panda Bond is laying the foundation for new opportunities in financial cooperation and sustainable development between Pakistan and China.