The government of Pakistan has decided to launch _______ Bonds to raise loans from Chinese Capital Markets?
Correct answer: B. Panda
- A. Wolf
- B. Panda
- C. Lion
- D. Dragon
Explanation
Panda bonds are bonds issued in China's capital market by a foreign borrower and denominated in Chinese yuan. The name follows the panda, a national symbol of China.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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