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Pakistan plans to generate $250 million by launching its first Panda Bond.

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In an effort to generate $250 million, Federal Finance Minister Muhammad Aurangzeb said that Pakistan’s first Panda Bond would be introduced to the Chinese financial market.

The finance minister stated in a Bloomberg interview that the money should become available in six to nine months.

The government’s larger plan to stabilize the economy and fulfill its foreign financial commitments includes the Panda Bond, a debt instrument denominated in renminbi. “This initiative reflects our focus on sustainable economic growth and strengthening the foundation of the economy,” said the minister.

Visit by an IMF delegation
Additionally, he declared that next month, a mission from the International Monetary Fund (IMF) would travel to Pakistan. Minister Aurangzeb expressed hope that the terms of the IMF rescue package will be met, especially the objective of raising the tax-to-GDP ratio from 10% to 10.3%.

He emphasized that meeting this standard will make Pakistan’s financial condition more sustainable. “The IMF wants Pakistan to broaden its tax base, and we are determined to achieve this target,” he said.

In addition, the minister emphasized how Pakistan’s economy has stabilized in contrast to the previous two years. He attributed this recovery to successful fiscal policies and forecasted a 3.5% economic growth rate for the current fiscal year.

Pakistan’s economic rating has already been raised by international credit rating agencies, and the government plans to move it up to a single B category soon. “An improved credit rating will enhance our ability to secure funds from the international bond market,” he said.

Put an emphasis on growth driven by exports.
The minister also emphasized the importance of prioritizing export-led growth in order to change the nation’s economic DNA. “We aim to build a sustainable economy based on exports, which is essential for long-term prosperity,” he stated.

“The economy of Pakistan is at a turning point. Finance Minister Muhammad Aurangzeb said, “We are dedicated to meeting our financial goals and creating a more robust, resilient economy.

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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