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The media trial of Arif Naqvi - Newspaper


IF you were to read the press coverage about Arif Naqvi over the last few weeks, the tainted former head of the fallen Abraaj empire, you would be convinced that Naqvi is evil. ‘The fleece artist’, ‘thief’, ‘liar’ and ‘the myth builder’ are phrases in articles that paint an ugly portrait of Naqvi. He is currently in London facing extradition to the US, where he has been indicted on counts of theft, fraud and racketeering. A trial is set to take place in the Southern District New York court.
The recent coverage stems from the publication of a book, The Key Man, written by Simon Clark and Will Louch both Wall Street Journal reporters who broke and covered the Abraaj scandal. Clark and Louch allege that Naqvi, motivated by greed, masterminded a global criminal conspiracy, stole from his firm and misused investor capital. Their story is a hair-raising timeline of how a top private equity group promising to do good went bust, with officials, including Naqvi, raid ....

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KSE-100: stocks stage recovery as index climbs by 136 points


KSE-100: stocks stage recovery as index climbs by 136 points
Index clocks at 47,628 level; volume recorded at 191.69 million shares
July 16, 2021
Market participation by retail investors ended their dry spell on Thursday which lifted benchmark kse-100 index to climb past 47,600 level after posting about 136 points gain by the closing bell.
On Thursday, the trading kicked off on an optimistic note right after the opening bell as the index climbed steadily for most part of the day and touched intraday high of 47,736.13. However, the market came under selling pressure in final hours, which pared some of the gains.
Market sentiments were primarily driven by the rumors of Oil discovery in Waziristan, which directed major capital to index heavyweight Oil & Gas Development Company Limited (OGDCL), said Irfan Saeed, Senior Vice President BMA Capital Management Limited. ....

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Heavy rain spell expected in Karachi on Friday afternoon

Heavy rain spell expected in Karachi on Friday afternoon
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