LONDON – A UK-based court has ordered the extradition of Abraaj Group founder and Pakistani business tycoon Arif Naqvi to the US to face charges of fraud, money-laundering and racketeering. Senior judge of Westminster Magistrates’ Court, Emma Arbuthnot, issued the order with a note that ...

LONDON: Arif Naqvi, the Pakistani founder of collapsed private equity firm Abraaj Group, has been released from custody after meeting bail conditions including the payment of a 15 million pound ($19 million) security, a court official said. Naqvi was being held at Wandsworth Prison in London ...

KARACHI: The Abraaj Group has invested through its Fund, in Cinepax Limited, Pakistan's leading cinema operator. With this investment, Cinepax plans to develop 80 new screens over the next four years, says a statement issued here on Wednesday.It pointed out that Arif Baig Muhammad and Pir Saad ...

KARACHI: In the largest private sector deal in Pakistan the China's Shanghai Electric Power Company has taken over the major stakes in the K Electric.Brazil to help Pakistan in generating renewable energyThe Abraaj Group on Sunday announced that it has agreed to divest its 66.4% shareholding in ...