What Happened
No Government Loan or Sovereign Guarantee Announced for PIA
Pakistan has discussed potential financing from the US Export-Import Bank for Boeing aircraft, according to Adviser to the Finance Minister Khurram Schehzad. However, no government loan or sovereign guarantee has been announced for the privatised Pakistan International Airlines. The discussions with the US Exim Bank also covered potential financing opportunities in several sectors, including aviation, refinery upgrades, and the Reko Diq mining project. This was first reported by an unknown source.