The government is grappling with mounting pressure to clarify the purpose and future of the Pakistan Sovereign Wealth Fund (PSWF), a fund valued at over $8 billion, which has faced criticism for its unclear objectives and non-operational status. The PSWF was established with the intent to manage the country’s leading blue-chip public sector entities, drawing … Read more
ISLAMABAD: Pakistan’s plans to sell stakes of its profitable energy companies to the United Arab Emirates (UAE) through the Pakistan Sovereign Wealth Fund (PSWF) have hit snags, as the government admitted on Tuesday that there was a lot of confusion and overlapping about the wealth fund. “There are many confusions in the law [Sovereign Wealth … Read more
Neeraj Chopra, the Indian athlete who secured a silver medal in the javelin throw event at Paris Olympics, boasts a net worth of approximately INR370 million. In stark contrast, the wealth of Pakistani Olympic champion Arshad Nadeem, who recently won gold in the javelin throw at the Paris Olympics, is significantly lower. Arshad Nadeem made … Read more