Pakistan International Airlines news

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Pakistan International Airlines (PIA) is the national flag carrier of Pakistan. With its primary hub at Jinnah International Airport in Karachi, the airline also operates from its secondary hubs at Allama Iqbal International Airport in Lahore and at Islamabad International Airport.

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economy2 d ago

Pakistan Finance Minister discusses US Exim financing for Boeing aircraft with officials

According to CNA Business, Pakistan's Finance Minister Muhammad Aurangzeb discussed potential US Export-Import Bank financing for Boeing aircraft for privatised PIA, along with refinery upgrades and the Reko Diq project, with adviser Khurram Schehzad posting on X that the government is helping PIA access financing and suppliers but is not purchasing aircraft or offering a sovereign guarantee or taxpayer-funded loan. It notes that US EXIM could secure financing against the aircraft and assess the airline or lessee's creditworthiness, so a sovereign guarantee is not automatic.

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