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.
Key facts
- 01Muhammad Aurangzeb is Pakistan's Finance Minister.
- 02 adviser Khurram Schehzad posted on X.
- 03Discussion covered potential US Ex-Im Bank financing for Boeing aircraft for privatised PIA.
- 04No sovereign guarantee or taxpayer-funded loan was announced.
- 05Location and date: Islamabad, Sept 27.
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