Pakistan discusses refinery modernisation, financing options with Honeywell delegation
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Finance Minister Aurangzeb says the proposed investment could strengthen energy security and reduce reliance on imported petroleum products
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met a delegation from Honeywell Technologies, led by Vice President and General Manager Barry Glickman, to discuss the proposed modernisation and expansion of Pakistan’s refinery sector.
During the meeting, Aurangzeb welcomed Honeywell’s proposal, saying it could help increase Pakistan’s domestic refining capacity and reduce dependence on imported petroleum products.
The two sides also discussed Honeywell’s technology and equipment solutions, along with potential financing options through the US Export-Import Bank (EXIM Bank), the US International Development Finance Corporation (DFC), export credit agencies, and leading international banks.
The finance minister said the proposed initiative would support Pakistan’s energy security, industrial development, and sustainable economic growth.
Reference Link:- https://profit.pakistantoday.com.pk/2026/07/21/pakistan-discusses-refinery-modernisation-financing-options-with-honeywell-delegation
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
