The airline now operates 49 weekly flights to four gateways in Pakistan i.e. Islamabad, Karachi, Lahore and Peshawar with its Boeing 787 and A350 aircraft.
SBP was of the view that the decision to increase the limit of housing finance loans has been made as the existing loan limit was insufficient to promote low cost housing finance through MFBs.
A meeting of the Senate Standing Committee on Petroleum was held under the chairmanship of Senator Mohsin Aziz in which the issue of gas distribution in the provinces was discussed.
The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.
“I am pleased to announce that effective from 1st of September 2020, the SBP will be crediting the Duty Drawbacks directly into the bank accounts of the exporters,” he said.
"The coronavirus pandemic has put a lot of pressure on the Saudi economy. The way oil prices have fallen is a historical fact, it has affected their economy," said Qureshi, while talking to local media.
Moody's Investors Service on Saturday confirmed Pakistan's B3 credit rating with the outlook at stable, as it concludes the review for downgrade initiated on 14 May 2020.
The stable outlook reflects Moody's view that the pressures Pakistan faces in the wake of the coronavirus shock and prospects for its credit metrics, in general, are likely to remain consistent with the current rating level, the rating agency said.
Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.
As many as 63 ground staff – across Karachi, Lahore, Multan and Rawalpindi – will receive a 50 per cent bonus on their salaries for the month of August.
The development comes after last month Pakistan has issued a final warning to Chinese-owned social media app to clamp down on what it called "immoral, obscene and vulgar" content on the video-sharing platform.