US Exim bank interested in financing LNG plants

Minister for Finance Ishaq Dar had started engaging the Exim Bank during his visit to the US in September 2015


APP May 14, 2016
PHOTO: AFP

ISLAMABAD: US Exim Bank is interested in providing financing for three LNG-based power projects, Baloki, Bhikki and Haveli Bahadar Shah, said spokesman for the Ministry of Finance on Saturday.

The official said that vice-president of US Exim Bank, Annette Maresh, had intimated this in a letter addressed to Minister for Finance Muhammad Ishaq Dar. It may be recalled that Dar had started engaging the Exim Bank during his visit to the US in September 2015, according to a statement issued by the Ministry of Finance here.

Exim Bank of US has renewed interest in Pakistan

He met senior officials and gave a detailed account of the business and investment opportunities, urging the US Exim Bank to explore financing development projects in Pakistan. Consequently, the Bank has now expressed strong interest in three LNG-based power projects.

Published in The Express Tribune, May 15th, 2016.

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COMMENTS (2)

curious2 | 7 years ago | Reply It would appear that Dar hasn't a clue what the Export-Import Bank does. It might facilitate a purchase by Pakistan of USA natural gas - but it would not finance an LNG plant. http://www.exim.gov/
Saeed Masood | 7 years ago | Reply Again American can we trust them after the F-16 deal fallen on its face...
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