PolicyQuick read

Boeing, Pakistan discuss PIA fleet modernisation, earlier aircraft deliveries

Business Recorder • • 1 min read

Boeing, Pakistan discuss PIA fleet modernisation, earlier aircraft deliveries

Finance Minister Muhammad Aurangzeb held talks with Boeing Global President Dr Brendan Nelson on upgrading the national carrier's aircraft fleet, Business Recorder reported. The talks were held while the minister attended the 81st UN General Assembly session. PIA is looking to add new aircraft and examine ways to bring deliveries forward.

Boeing confirmed it would send PIA a revised offer for the new aircraft, and Aurangzeb welcomed that commitment. Options for quicker delivery positions and temporary leases are also being examined. Financing from the US Export-Import Bank, engine supply, spare parts, and the repair of grounded jets were also on the agenda. The minister also described PIA's privatisation and plans to hand major airport management to outside operators, and praised Boeing's backing for aviation safety and the return of direct US flights.

Aurangzeb also met an Abbott's Pharmaceuticals Division representative, discussing Pakistan's Hepatitis C elimination drive. He voiced concern that only about 100,000 of roughly three million procured diagnostic tests have been used, blaming leadership changes, weak project management and low public awareness. He acknowledged the need to weigh affordability against commercial viability and steady supply, and pledged to raise the issues with the relevant authorities.

At a glance

  • Boeing confirmed a revised proposal for new aircraft will be shared with PIA.
  • Only about 100,000 of roughly three million procured diagnostic tests have been used.
  • The minister outlined PIA's privatisation and plans to outsource major airport management.
Sectors:PharmaceuticalsTransport

Originally reported by Business Recorder

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings