Pakistan requests extra 10bn yuan on China swap line, says Aurangzeb

Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4bn), Finance Minister Muhammad Aurangzeb said, adding that he expected the country would launch a Panda bond before year-end.

Pakistan has an existing 30bn yuan swap line already, Aurangzeb told Reuters in an interview on the sidelines of the International Monetary Fund (IMF) and World Bank Group spring meetings in Washington.

“From our perspective, getting to 40bn renminbi would be a...