MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
The Karachi Stock Exchange benchmark 100-share index gained 52.61 points, or 0.36 percent, to close at 14,564.68 points on volume of 43.49 million shares.
Prime Minister Raja Pervez Ashraf has been ordered to re-open corruption cases against President Asif Ali Zardari.
Failing to do so could see him lose office, further discrediting the government.
“There was a fear that the prime minister may face the same prosecution as his predecessor for not re-opening the cases in Switzerland, which would have increased instability. That not happening was a positive factor,” said Atif Zafar, a research analyst at the JS Global financial services company.
The Supreme Court on Wednesday adjourned proceedings until August 8.
Ashraf’s predecessor Yusuf Raza Gilani was disqualified last month by the Supreme Court for failing to re-open the cases.
In the currency market, the rupee weakened to close at 94.58/63 to the dollar, compared with 94.43/49 on Tuesday. Overnight rates in the money market remained unchanged at 11.90 percent.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena9 hours ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world9 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae9 hours ago
Israel has not yet commented on the explosions
europe10 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy10 hours ago