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1-10 results from 1000 for query «shares»

April 11, 2018 12:00 AM SECP notified new AAOIFI Shariah standards

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified for public consultation seven Shariah standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), a statement said on Tuesday. The notified AAOIFI standards included Shariah Standard No 21 – Financial Papers (Shares & Bonds); Shariah

April 10, 2018 12:00 AM NAB closes 21 mega corruption cases in three years

ISLAMABAD: Out of 179 mega corruption cases of NAB, almost 21 inquiries and investigations have been closed and the beneficiaries amongst others include Nawaz Sharif, Raja Pervaiz Ashraf, Younis Babib, Aftab Ahmad Khan Sherpao and Husain Haqqani. Interestingly, the probe against former prime minister Nawaz Sharif and others into alleged illegal appointments 2

April 4, 2018 12:00 AM JIT fails to investigate important transactions of Gulf Steel Mills

ISLAMABAD: The Joint Investigation Team (JIT) did not investigate one of the most important transactions of sale of 25 % shares of Ahli Steel Mills (previously Gulf Steel Mills) in 1980 which were in the name of Tariq Shafi and the gems of JIT concluded their findings on presumptions and without any conclusive evidence in Panama Papers. Wajid Zia, the head of JIT during 8

March 31, 2018 12:00 AM Japan Display eyes $470 million fundraising

TOKYO: Embattled liquid crystal display (LCD) maker Japan Display Inc said its board will discuss on Friday a plan to raise 50 billion yen ($470 million), including more than 30 billion yen through a third-party allotment of new shares. The fundraising, which Japan Display Incorporation said would also include a sale of assets, underscores the challenges 14

March 28, 2018 12:00 AM ‘Sharifs submitted fake documents’

ISLAMABAD: JIT head Wajid Zia on Tuesday completed his testimony in the Avenfield Apartments’ reference, which took six hearings, before an accountability court, and said the Sharif family submitted fake documents to mislead the Supreme Court. Khawaja Haris and Amjad Pervaiz – the counsels for Nawaz Sharif, Maryam Nawaz and Capt (retd) Safdar – will now cross-examine 3

March 25, 2018 12:00 AM World's richest lose $436b as 2018's stock rout deepens

ISLAMABAD: It’s been an expensive two months for the 500 wealthiest people on the planet. The group’s wealth has shrunk $436 billion since markets peaked on Jan. 26. Their combined net worth fell $181 billion this week as the S&P 500 Index and Dow Jones Industrial Average suffered their steepest weekly drop in more than two years amid heated rhetoric 7

March 25, 2018 12:00 AM Boeing set to win American wide-body jet order

PARIS/NEW YORK: Boeing Co is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines, beating European competition from the Airbus A330neo, three people familiar with the matter said.The deal, which remains to be finalised, also marks a victory for General Electric, whose engines are expected to power the Boeing aircraft 8

March 22, 2018 12:00 AM PSX awaits regulatory approvals to roll out new products

KARACHI: Pakistan Stock Exchange (PSX) is awaiting regulatory approvals to enhance its products’ portfolio in order to attract investors towards the recently-demutualised capital market, its chairman said on Wednesday. “Management of the stock exchange is developing several products and some of these are awaiting regulatory approvals,” Muneer Kamal 3

March 21, 2018 12:00 AM Oracle revenue misses as cloud growth falls

SAN FRANCISCO: Business software maker Oracle Corp reported quarterly revenue on Monday that missed analysts´ estimates as sales from its cloud business fell short of Wall Street expectations, sending its shares down nearly 6.3 percent after market. Cloud business revenue rose 31.7 percent to $1.57 billion, but fell short of the average analysts´ estimate 4

March 21, 2018 12:00 AM India scraps tax to boost sugar exports, cut inventory

NEW DELHI: India has scrapped a 20 percent sugar export tax, a government source said on Tuesday, to help boost overseas sales in a year of surplus production. Last week Reuters reported that India, the world´s biggest consumer of sugar, would axe the export tax and then make it compulsory for mills to export a combined 2 million to 3 million tonnes 4