Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb discussed Honeywell Technologies’ proposed investment in modernizing and expanding Pakistan’s refinery sector
ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 21st Jul, 2026) Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb discussed Honeywell Technologies’ proposed investment in modernizing and expanding Pakistan’s refinery sector.
In a meeting with Honeywell Technologies delegation, led by its Vice President and General Manager, Barry Glickman, in Washington, D.C, the minister welcomed Honeywell’s proposed modernization and expansion of Pakistan’s refinery sector, noting its potential to enhance the country’s domestic refining capacity and reduce reliance on imported petroleum products.
According to press release issued by finance ministry here Tuesday, the meeting included discussions on Honeywell’s technology and equipment solutions, as well as potential financing through the U.S. EXIM Bank, the U.S. International Development Finance Corporation (DFC), export credit agencies, and leading international banks.
The minister emphasized that the proposed initiative would support Pakistan’s energy security, industrial development, and sustainable economic growth, the statement added.
