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Investments, private equity funds. Total assets. c. US$13.6 billion. Number of employees. 300. The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. [1] The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates.
Pakistani economic crisis (2022–present) Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide.
The Hussain Dawood Pledge (HD-Pledge) is one of the biggest private donations and initiatives to fight against the COVID-19 pandemic in Pakistan. [1] Hussain Dawood, on behalf of Engro, Dawood Hercules and his family pledged on 2 April 2020 a contribution in services, kind, and cash of Pakistani rupee (PKR) 1 billion (~6 million USD). [2]
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
Mansoor Ali Khan. Mansoor Ali Khan (Urdu: منصور علی خان; born 22 April 1976) is a Pakistani journalist, television anchor, video blogger and podcaster. He began his career in 2007 as a sports journalist for Dawn News and CNBC Pakistan, and joined Geo News in 2008, where he was based as a newscaster and anchorman for six years.
The Benazir Income Support Programme (BISP) is a federal unconditional cash transfer poverty reduction program in Pakistan. Launched in July 2008, it was the largest single social safety net program in the country with nearly Rs. 90 billion ($900 million) distributed to 5.4 million beneficiaries in 2016. [3]
February 1 – The government declared a national emergency to protect crops and help farmers. [2] February 9 – 16 – 2020 Kabaddi World Cup (Circle style). [3] February 12 – Hafiz Saeed was convicted of two counts of terrorist financing and was sentenced to 5 + 1⁄2 years in prison. [4] February 17 – February 2020 Quetta bombing.
ISLAMABAD (Reuters) -Several lawmakers and leaders of jailed former Pakistani Prime Minister Imran Khan's party arrested after a rally they held to demand his release have been charged with ...