What a nice Chinese propaganda message from the SCMP.
A few details the article doesn't mention:
Pakistan is in the process of negotiating a $7 billion loan to bail-out its economy with the International Monetary Fund IMF (not sure whether the '200- 250 million dollars from Chinese investors' will help here), after the country was on the brink of default. Next month (Feb 2025) the next talks between Pakistan and the IMF are held. Pakistan is also working to improve its economy in order to get a better status, enabling them to raise funds (addition: in EUR, USD, or other Western currencies) on the international capital markets (they already made significant progress in 2024 in that respect).
The article doesn't elaborate on the terms of this panda bond. One detail here might be that the bond is backed by China-led Asian Infrastructure Investment Bank (AIIB), but -as unfortunately always with Chinese banks- the terms on this backing remain opaque. These so-called panda bonds are issued in China’s capital markets in a special segment for non-Chinese entities (Egypt did that, too, last year if I am not mistaken, and the terms have been equally opaque).
All in all, this seems to be more about to support the 'internationalisation' of the renminbi than the Pakistani economy. The 200m won't change much.
But you can't expect more from a state-controlled Chinese media (which is where Radio Pakistan has got the news from0. This is pure propaganda. I don't understand why such sources are posted here on Beehaw.