Riyadh to set up $14b oil refinery and $7b copper mine in Pakistan
Hope to receive outstanding dues from gas utilities, which will improve cash flow
Move will help maintain foreign currency reserves and contribute to economic growth, says SBP
Amount insured by the DPC becomes immediately available to depositors in case bank fails, says SBP
Lending to private sector improves amid partial revival in economic activities
Lending to govt peaks at around Rs11 trillion during global health crisis
Increase comes on back of high govt borrowing, sluggish spending by businesses
Upbeat outlook on back of technological advancement, reduced cost of repatriating funds
Reserves depleted by around $1b from August 2019 to January 2020
Test shows 9.12mmcfd of gas and 520 bpd of oil