Pakistan drafts governance rules for Islamic firms, securities

By Bernardo Vizcaino Undated, Mar 2 : Pakistan’s capital market regulator has drafted governance rules that cover sharia-compliant companies and securities, the latest government initiative aimed at developing the country’s Islamic finance industry. The move by the Securities and Exchange Commission of Pakistan (SECP) marks the first time a regulator has defined comprehensive requirements for […]

Amid tensions, Trump aide says U.S. seeking “new relationship” with Pakistan

By Drazen Jorgic ISLAMABAD, Feb 27 : A senior aide to U.S. President Donald Trump said during a visit to Pakistan that Washington wants a “new relationship” with Islamabad, the U.S. embassy said on Tuesday, amid worsening ties between the two nations. Lisa Curtis, deputy assistant to the U.S. president, also voiced U.S. concerns about […]

U.S. trying to “embarrass” Pakistan with terror financing list – minister

By Drazen Jorgic ISLAMABAD, Feb 26 : Pakistan’s de facto finance minister, Miftah Ismail, has brushed off concerns that economic growth will suffer because of the country’s re-inclusion on a terrorist financing watch list, and lashed out against the United States for seeking to “embarrass” his nation. Washington last week persuaded member states of the […]

Pakistan Supreme Court rules ousted PM Sharif cannot lead his party

By Kay Johnson and Asif Shahzad ISLAMABAD, Feb 21 : Pakistan’s Supreme Court on Wednesday ordered that ousted prime minister Nawaz Sharif be removed as head of the political party he founded, six months after the court disqualified him as the country’s leader over unreported income. The new ruling could throw into disarray Senate elections […]