Pakistan seeks US EXIM support for PIA Boeing 787 purchases, refinery upgrades
Pakistan has sought US Export-Import Bank (EXIM) financing for Pakistan International Airlines’ (PIA) planned aircraft purchases, including Boeing 787 Dreamliners, as well as support for refinery upgrades, Finance Minister Muhammad Aurangzeb said during meetings in New York. Aurangzeb continued his high-level engagements on the third day of his visit to New York to attend the 81st Session of the…
Finance Minister Muhammad Aurangzeb has met with the Chair of the US Export-Import Bank, John Jovanovich, to discuss potential financing support for Pakistan International Airlines (PIA) and other key infrastructure projects. The discussions took place during Aurangzeb's visit to New York, coinciding with the 81st Session of the United Nations General Assembly (UNGA).
PIA's ambitions for Boeing aircraft acquisitions, particularly the 787 Dreamliners, prompted Aurangzeb to seek EXIM financing support. The finance minister also emphasized the necessity of spare parts to bring grounded Boeing 777 aircraft back into service. While the two parties agreed on the importance of moving forward with specific transactions, they also stressed the need to develop a broader cooperation framework.
Additionally, refinery upgrades were identified as another area where the US EXIM Bank could provide assistance. On the Reko Diq mining project, Aurangzeb highlighted its significance for Pakistan's future exports and expressed appreciation for the US EXIM Bank's ongoing commitment to the project. Aurangzeb's meetings underscored Pakistan's dedication to promoting digital transformation, enhancing international economic cooperation, and mobilising financing for vital sectors, including aviation, refining, and mining.
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