Economic Coordination Committee has approved the proposal to issue a letter of comfort in favour of Pakistan State Oil ... it was discussed to arrange a government guarantee loan to ease out liquidity ...

Waterford Airport’s board of directors urgently need a ‘letter of comfort’ from the Government to keep the enhancement and runway extension project on track, according to a local councillor.

However, after Axcel defaulted, Siva Industries refused to honour the loan, arguing that a letter of comfort does not impose liability in the same way a corporate guarantee does. In an order dated ...