Key Takeaways
- Federal Minister for Finance and Revenue Muhammad Aurangzeb met with US EXIM Bank Chairman John Jovanovich.
- Discussions focused on financing for Pakistan International Airlines (PIA) aircraft, refinery upgrades, and Reko Diq project.
- Aurangzeb highlighted the importance of the Reko Diq project for Pakistan’s future exports.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with US Export-Import Bank Chairman John Jovanovich in New York, focusing on potential financing opportunities for various projects in Pakistan.
The talks centered on the acquisition of Boeing 787 Dreamliners for Pakistan International Airlines (PIA) and support for a financing package covering aircraft and engines.
Aurangzeb also addressed the need for spare parts to bring grounded Boeing 777 aircraft back into service, emphasizing the importance of timely aircraft pre-delivery payments.
Refinery modernization was another key area of discussion, with the US EXIM Bank potentially supporting upgrades to improve Pakistan’s refining capacity.
The Reko Diq mining project was also a significant topic, with Aurangzeb stressing its importance for future exports and the high cost of project delays.
Both parties agreed to continue working on a broader cooperation framework, prioritizing specific transactions that align with mutual interests.
During his visit, Aurangzeb participated in the Digital Cooperation Organization’s High Level Ministerial Dialogue, discussing digital public infrastructure, cashless payments, and workforce skills.
He highlighted the significance of digital transformation for Pakistan’s economic transition from stabilization to sustainable growth, calling for greater cooperation among DCO member states.
The meeting was part of Aurangzeb’s engagements in New York, which included attending the 81st Session of the United Nations General Assembly alongside the Prime Minister of Pakistan.
