{
  "id": 10237250,
  "title": "No govt financing, sovereign-guaranteed loans for new PIA aircraft: adviser to finmin",
  "url": "https://urgent.news/2026/09/27/no-govt-financing-sovereign-guaranteed-loans-for-new-pia-aircraft-10237250",
  "topic": "world",
  "section": "World",
  "published": "2026-09-27T14:55:35.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2033062/no-govt-financing-sovereign-guaranteed-loans-for-new-pia-aircraft-adviser-to-finmin"
  },
  "original_language": "en",
  "account": "Finance Minister Muhammad Aurangzeb held discussions with the Chair of the US Export-Import (Exim) Bank, John Jovanovich, during a meeting held at the 81st session of the United Nations General Assembly in New York. The agenda for the meeting included the Reko Diq mining project and potential financing opportunities for procuring aircraft for Pakistan International Airlines (PIA). According to Khurram Schehzad, adviser to the Finance Minister, the government was not planning to purchase any aircraft for PIA nor had it announced any sovereign guarantees for such loans. Schehzad clarified that the government's role was to open doors, facilitate access to international financing, technology, and suppliers, and promote investment and commercial opportunities. The discussions between Aurangzeb and Jovanovich covered potential financing for aviation, refinery upgrades, and Reko Diq, as part of a broader Pakistan-US economic engagement. Schehzad emphasized that the government was deliberately reducing its role in commercial activities and pursuing privatization, which did not mean abandoning private sector-led growth. He stressed that claims of a \"public loan, hidden subsidy, state backstop,\" or taxpayers assuming PIA's commercial risk were not accurate, as no such arrangement had been announced.",
  "summary": "Adviser to the Finance Minister Khurram Schehzad clarified on Sunday that the government was not buying any aircraft for Pakistan International Airlines (PIA), which was privatised through an auction in December last year. “The government is neither buying aircraft for a privatised PIA, nor has it announced any sovereign guarantee of taxpayer-funded loan for doing so,” Schehzad posted on X…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Express Tribune - Pakistan",
        "title": "Govt not financing purchase of new PIA aircraft, says finance adviser",
        "url": "https://urgent.news/2026/09/27/govt-not-financing-purchase-of-new-pia-aircraft-says-finance-adviser",
        "published": "2026-09-27T09:43:33.000Z"
      },
      {
        "outlet": "Dawn",
        "title": "No govt financing, sovereign-guaranteed loans for new PIA aircraft: PM's finance adviser",
        "url": "https://urgent.news/2026/09/27/no-govt-financing-sovereign-guaranteed-loans-for-new-pia-aircraft-pms",
        "published": "2026-09-27T14:35:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}