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foreign funds

Bangladesh sees little foreign funds for Rohingya refugee island: minister

NEW YORK: Bangladesh is not expecting much help from foreign donors as it forges ahead with plans to relocate 100,000 Rohingya refugees to an uninhabited island, an undertaking that does not yet have a timeline, a state minister said in an interview. The minister of state for foreign affairs, Mohammed Shahriar Alam, told Reuters on Friday that Bangladesh was paying the entire roughly $280 million to build homes and fortify the muddy island in the Bay of Bengal from cyclones, and that it was mulling a formal request for…

PTI ordered to submit foreign funding details

ISLAMABAD: The Election Commission of Pakistan (ECP) has on Wednesday sought details of party foreign funds from Pakistan Tehreek-e-Insaf (PTI). A four-member bench, headed by ECP member (Sindh) Abdul Ghaffar Soomro, heard the foreign-funding petition filed by ex-party member Akbar S. Babar. During the court proceedings today, the petitioner’s counsel presented arguments and said collection of funds by a political party from abroad is sheer breach of law. He said the bench was also provided with the substantial…

Saudi bourse adjusts rules to attract foreign funds, ease Aramco IPO

DUBAI: Saudi Arabia’s stock exchange is adjusting its rules to make it easier for foreign investors to trade - steps that may help the bourse absorb a huge IPO by oil giant Saudi Aramco this year, the exchange’s chief executive said on Wednesday. These changes are required by the growth of the market and what international institutions tell us,” Khalid al-Hussan said in a telephone interview from Riyadh. Trading limits will be made more flexible for the exchange’s independent custody system, Hussan said. The system…

Rasheed claims ECP under pressure of Imran Khan

ISLAMABAD: Information Minister Pervez Rasheed on Tuesday claimed the election commission has been under pressure of Imran Khan as its attorney was seen favoring the stance by PTI counsel in a case pertaining to foreign funds in the high court, ARY News reported.