Pakistan Seeks $6.7 Billion Saudi Oil Facility to Ease External Financing Pressures
Pakistan has requested a 15-year concessional oil financing facility from Saudi Arabia, with Finance Minister Muhammad Aurangzeb discussing the revival of deferred oil payments with the Saudi Fund for Development.
Pakistan, US EXIM Bank Discuss PIA Aircraft Financing and Reko Diq Project
Finance Minister Muhammad Aurangzeb and US EXIM Bank Chairman John Jovanovich discuss financing for PIA aircraft, refinery upgrades and the Reko Diq mining project.
Pakistan Refineries Plan $5 Billion Upgrade Push as Parco Commits $600 Million to Green Fuel
Pakistan’s five major refineries are planning up to $5 billion in upgrades, including green fuel, capacity expansion, bottom-of-barrel projects and Euro-V fuel production.