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Scandal

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HBL privatization to Aga Khan Fund cost Pakistan $9.1 billion

On 29 December 2003 when AKFED (Aga Khan Fund for Economic Developmet) acquired HBL (Habib Bank Limited), AKFED had only PKR 90 billion ($ 1.5 billion) in assets. An organization worth $1.5 billion buying a bank worth $9.5 billion for just $389 million is the largest corruption scandal in Pakistan’s history. The Aga Khan Fund … Continue reading

Interview: Ismailism to Islam

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