Government Clarifies Financing Plan for New PIA Aircraft, Rules Out Sovereign Guarantee
Finance adviser Khurram Schehzad says the government is not financing new PIA aircraft or providing a sovereign guarantee, while US EXIM financing remains under discussion.
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 Seeks US EXIM Bank Financing Support for PIA Boeing 787 Dreamliner Purchase
Pakistan is seeking US EXIM Bank financing support for PIA’s planned Boeing 787 Dreamliner purchases, with discussions also covering engines, spare parts, leasing, earlier deliveries and grounded aircraft.
ECC Approves Wheat Disposal, Petroleum Imports and Key Economic Measures
ECC approves PASSCO wheat disposal, petroleum imports through bonded storage, an OQ Trading-PSO agreement, K-IV funding and Reko Diq security support.
US EXIM Bank To Review $1.25 Billion Reko Diq Financing Package As Project Costs Are Recalculated
US Export Import Bank will revisit its proposed $1.25 billion financing package for Pakistan’s Reko Diq copper and gold project as project costs and the final financing structure are reassessed.
Petroleum Minister and Barrick Gold Chairman Review Reko Diq Project Progress in Islamabad
Federal Minister Ali Pervaiz Malik and Barrick Gold Chairman John L. Thornton meet to discuss the strategic development and implementation milestones of the Reko Diq mining project.
Reko Diq Project Faces Development Delays Amid Barrick Gold Security Review
Barrick Gold signals a slowdown in the Reko Diq mining project as security reviews extend to 2027 despite Islamabad remaining confident in the 2028 production goal.
Barrick Gold Slows Reko Diq Development Amid Rising Security Risks
Barrick Gold Corporation delays the Reko Diq project timeline to 2027 citing regional security concerns and potential surges in capital expenditure costs.
KSE-100 Index Sheds 1033 Points Amid Global Tensions and Rising Bond Yields
The Pakistan Stock Exchange faced a volatile week as the KSE-100 fell to 151,708 points despite IMF progress and new oil discoveries in the E&P sector.
Barrick Gold Postpones Reko Diq Copper and Gold Project Amid Security Volatility
Barrick Gold is slowing development of its massive Reko Diq project in Pakistan citing rising regional tensions and security concerns in Balochistan province.