Pension fund industry’s assets cross Rs26 billion: SECP
Over 65 percent of the assets of the pension fund industry are invested in Shariah-compliant funds
Oil declines as Trump calls OPEC to cut prices
Brent crude futures were at $77.68 per barrel at 0405 GMT, down 56 cents, or 0.7 percent, from their last close
Arif Naqvi in a message to friends & employees shares his experiences at Abraaj
The turmoil-filled months for Arif Naqvi, the founder of Abraaj Group has resulted in ignominy for a person who once heralded forums like the World Economic Forum and built the company into the largest private equity house in the Middle East and North Africa
Abraaj sells LATAM, Africa businesses to Colony Capital
The sale is part of a provisional liquidation and restructuring as set out in a court order. Financial terms of the deal were not disclosed
Creditor starts legal proceedings for Abraaj restructuring
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is registered
Abraaj expects deal on secured debt, Kuwaiti creditor holds out
Dubai-based Abraaj Holdings is trying to push through a sale of Abraaj Investment Management to New York-based Cerberus Capital Management as it tries to stem the fallout from allegations it misused investor money in a $1 billion healthcare fund
Colony NorthStar ends talks with Abraaj to acquire fund management unit: Report
Reuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
Creditors seek legal advice on options against Abraaj
The Wall Street Journal reported on Wednesday that Kuwait’s Public Institution for Social Security on May 22 filed a case in a Cayman Islands court against Abraaj, claiming the company is unable to repay a $100 million loan and $7 million interest by the agreed date
Two senior executives depart from Abraaj: Report
Previously, Bloomberg reported last week KPMG was said to be undertaking an internal review into its audits of the world’s largest emerging private equity house
Will the new boss at the PSX clean house?
The new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?
Investors revolt against Abraaj founder
Uproar against Arif Naqvi on alleged misuse of funds
Asian stocks edge up higher, as Euro gains after hitting five-month lows
In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, while Japan’s Nikkei gained 0.7 percent
Brent crude touches $69.04, as US-China trade war threat eases
SINGAPORE: Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute...
Asian stocks fall after Trump threatens to impose more duties on Chinese goods
TOKYO: U.S. stock futures slid, and the yen rose against the dollar on Friday after U.S. President Donald Trump proposed additional tariffs...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent)...