Some of the world’s top money managers are once again warming up towards Pakistan’s $50 billion market after the returns last year were among the best globally, Bloomberg reported on Wednesday. According to the report, asset managers from companies such as BlackRock Inc. to Eaton Vance Corp, are “warming up” to the country’s stock exchange,…

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from…

Police investigators told a Lahore Anti-Terrorism Court (ATC) on Wednesday that their probe had found PTI leader Azam Swati culpable in five cases related to the May 9 riots, as Judge Manzar Ali Gul heard his bail petition. The PTI founder’s arrest on May 9 in the Al Qadir Trust case had resulted in widespread…

South Africa won the toss and chose to bat against Pakistan in the third match of the three-nation tournament in Karachi on Wednesday. South Africa, who lost to New Zealand in their first game, made four changes, with star batter Heinrich Klaasen, Keshav Maharaj, Corbin Bosch and Tony de Zorzi coming into the side. Pakistan…