KARACHI: Meezan Islamic Fund (MIF), the largest equity fund in the private sector in the country, has received 5-star ranking from JCR-VIS Credit Rating Company. MIF is an open-ended fund of Al Meezan Investment Management (Al Meezan Investments), the Asset Management subsidiary of Meezan Bank.—APP

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LAHORE: Samsung Electronics Company has surpassed anything on the market with its new split-type air-conditioner that not only provides powerful cool fresh air, but also improves the quality of the air.

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SAN JOSE (California):

Oracle Corp.’s third-quarter profit jumped 30 percent, matching Wall Street’s expectations, but a sales miss sent shares of the business software maker tumbling after hours on fears the company is being pinched by falling technology spending.—APP