For almost 30 years - despite rising production, large swings in oil prices and improved technology - Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP
According to the audit report, the state-owned airline couldn’t continue as a going concern without the assistance of the government since it had accumulated a loss of Rs361 billion till December last year
Mr Naqvi’s lawyer Habib Al Mulla, executive chairman of Baker & McKenzie said the Abraaj scandal had inflicted “some damage” to Dubai’s reputation and raised fingers at the local regulators including DFSA
The advisory firm will seek to trace an estimated $33 million owed by Abraaj relating to the Infrastructure and Growth Capital Fund
Profit of the New York hotel plunged from $21m in 2008 to $3m in 2017ISLAMABAD: The auditor general of Pakistan has been recommended by...
-- Complainant claims DG created and operated an unlawful “incentive system” at Faisalabad DryportISLAMABAD: The National Accountability Bureau (NAB) has formally started its investigation against...
KARACHI: AF Ferguson & Co. on Friday celebrated its 125 years of professional services.The event, held at a local hotel in Karachi, was attended...
Earlier this week, Bloomberg reported Abraaj’s fund unit had received an offer of $1 from private equity firm Actis, sources aware of the development disclosed
During the previous government's tenure, large transport projects were undertaken including Punjab’s capital city Lahore and various other cities with financial assistance from China
The Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans
IESCO is accused of having made excessive and incorrect payments to contractors and auditors have recommended them to be recovered
Previously, shareholders of defunct KASB Bank had sought a minimum compensation of Rs14.2 billion from the State Bank of Pakistan (SBP), terming the Rs5.9 billion negative valuation of the bank, determined by AF Ferguson, mala fide and dubious
According to sources, AGP department which comes under the purview of the Finance Ministry is mulling to challenge the amendment in the AG’s ordinance in the apex court
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