During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion.
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.
Net income applicable to common shareholders fell to $5.21 billion, or 59 cents per share, for the quarter ended Dec. 31 from $6.75 billion, or 74 cents per share.
Reported a 13% fall in consumer banking revenue to $8.2 billion,
The Tethyan Cooper Company (TCC) approached the High Court of Justice in the British Virgin Islands for the enforcement of the $5.97 billion award against Pakistan
Office of the Attorney General for Pakistan says Pakistan is vigorously contesting these proceedings using all available legal resources
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.
NAB DG told the court the bureau has closed an illegal appointments inquiry against Elahi while the ongoing assets beyond means investigation against both petitioners will be completed in six months
Chaudhry brothers stated that NAB has become a political institution
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.
Chief Minister of Sindh Syed Murad Ali Shah have assets of worth Rs 233.5 millions. He owns two vehicles worth 15 million rupees and received a gift of 100 Tola gold from his mother.
