PROVINCE REPORT
NEW YORK :Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with US Export-Import Bank Chairman, Mr. John Jovanovich, during his visit to New York to attend the 81st session of the United Nations General Assembly. The meeting discussed the purchase of aircraft for Pakistan International Airlines (PIA), refinery upgrades and provision of financial assistance for the Reko Diq mining project.
The Finance Minister, while informing about Pakistan International Airlines’ interest in Boeing’s 787 Dreamliners, stressed on cooperation in the financial assistance package for the purchase of aircraft and engines. He also stressed the need for spare parts to bring the grounded Boeing 777 aircraft back into service.
Both sides agreed to continue working on a broader framework of cooperation and to advance matters on a priority basis, including possible financial support for pre-delivery payments for aircraft. Refinery upgrades were also considered as a potential area of support from the US Export-Import Bank.
Regarding Reko Diq, the Finance Minister highlighted the importance of the project for Pakistan’s future exports and the cost of delay and welcomed the US Export-Import Bank’s continued commitment to the project.
