Aurangzeb's US Exim talks covered financing for Boeing aircraft, adviser says
- Says the government is helping PIA access financing and suppliers, but is not buying aircraft
Pakistan's Finance Minister discussed potential US EXIM Bank financing for Boeing aircraft for privatized PIA, refinery upgrades, and the Reko Diq mining project, without sovereign guarantees.
- Potential US EXIM Bank financing for Pakistan.
- Boeing aircraft acquisition for privatized PIA.
- Financing for refinery upgrades and Reko Diq project.
- Government's non-provision of sovereign guarantees.
ISLAMABAD: Pakistan’s Finance Minister discussed potential US Export-Import Bank (EXIM) financing for Boeing aircraft for privatised PIA, refinery upgrades and Reko Diq, a copper and gold mining project in southwestern Balochistan, his adviser Khurram Schehzad said in a post on X on Sunday.
Schehzad said the government was helping PIA access financing and suppliers, but was not buying aircraft and had announced no sovereign guarantee or taxpayer-funded loan.
US EXIM could secure financing against the aircraft and assess the airline or lessee’s creditworthiness, he said, so a sovereign guarantee was not automatic.