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Assets

Assets beyond means case: Khawaja Asif sent to jail on judicial remand
Pakistan

Assets beyond means case: Khawaja Asif sent to jail on judicial remand

  • The case was heard by the accountability court’s judge Jawadul Hassan, where accused was produced before the court in strict security.
  • During the proceedings, the National Accountability Bureau (NAB)’s legal representative sought physical remand of Pakistan Muslim League Nawaz (PML-N) leader.
Updated 22 Jan, 2021 06:05pm
Money laundering case: Assets of Shehbaz Sharif family seized
Pakistan

Money laundering case: Assets of Shehbaz Sharif family seized

  • The report presented in the court reads that NAB had frozen the assets of Shehbaz Sharif family.
  • Former CM Punjab is accused of accumulating assets worth Rs7,328 million in connivance with his co-accused family members, benamidars, front persons and close associations and for developing an organized system of money laundering.
Published 22 Dec, 2020 03:44pm
Aramco may have to sell assets, borrow more to maintain Saudi dividend
World

Aramco may have to sell assets, borrow more to maintain Saudi dividend

  • Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices.
  • Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.
Published 17 Dec, 2020 11:32am