Pakistan seeks UK support for PIA fleet, broader trade

Pakistan is exploring options with the UK for modernizing Pakistan International Airlines (PIA)'s fleet, including potential Airbus and Rolls-Royce aircraft and engine arrangements. Discussions involved possible UK export credit support and leasing options to address immediate fleet needs, alongside broader trade and investment cooperation. This follows earlier talks with Boeing and US EXIM Bank for similar financing. While these efforts aim to boost Pakistan's economy and trade, their immediate impact on USD/PKR or gold prices is likely to be indirect and long-term, contributing to overall economic sentiment rather than prompting short-term market moves.

بحوالہ / Source: www.brecorder.com