Gaping hole: Pakistan borrowed $35 billion from 2013-2017 for repayment of...

ISLAMABAD: The PML-N led government added a colossal amount of $35b in loans from 2013 to 2017, for repayment of maturing debt said a...

Sliding forex reserves: Pakistan obtains $450m loan from Credit Suisse

ISLAMABAD: To support dwindling foreign exchange reserves, Pakistan has borrowed $450m on a short-term facility from a Credit Suisse led consortium of commercial banks. Interest...

A bridge between restaurants and patrons

‘’With the app, it takes just 30 to 40 seconds to place an order,’’ said Nauman Sikandar Mirza, CEO EatOye and Foodpanda, while placing an order on the recently amalgamated foodpanda app. ‘’It knows all...

The magnetic pull of Zainab

After attending his classes at the Karachi University, Adnan Khan occasionally navigates towards Zainab Market, ignoring several glitzier shopping malls along the way. On offer at Zainab’s is quality clothing, of exportable class, at...

Tetra Pak, a marvel of technology

Presently the Managing Director of Tetra Pak Pakistan, a position he took up in November 2015, Jorge Montero joined the Tetra Pak group about 24 years ago, way back in 1993 as the Finance Director in...

Nixor – Where teenagers rule the roost

As one crosses through the gate after wading through two security checks, there is this in-your-face red shark painted across the huge wall of the main building stares. The Nixor College’s message is loud...

The cluelessness of Standard Chartered’s Pakistan strategy

Stand outside the branch of Standard Chartered Bank Pakistan on Karachi’s historic McLeod Road, and it is difficult to escape a sense of history. The weathered façade of the building – with its colonial...

Pakistan’s first fashion billionaire?

The year 2017 is the first time the Pakistani clothing market hit Rs1 trillion in consumer spending (according to an analysis conducted by Profit based on data from the Household Integrated Economic Surveys, published...

Our real estate and the Chinese

To be able to do away with the hassle of shifting rented houses now and again, Nouman Younus is in search of a place to purchase. He is aware that the influx of Chinese...

Craving for the cosmetic

During his five-year stint at Glasgow University as under- and post-graduate in telecommunication and Master’s in Business Administration, Naveed Azhar – presently the director of sales and marketing at just4girls.pk, an online cosmetic store...

Pakistan looking into the sun

Pakistan entered the realms of solar power generation as late as in the year 2012, a very delayed development for a country in which...

Editor’s note: Clicks but not without bricks

Yes, digital is the future in all sectors, including banking. Yes, Standard Chartered has a bit of a first movers advantage within the sector;...

Editor’s Note: An all-or-nothing bet

Those that the gods want to destroy, they first make promising. And promising is what Warid was when it entered the Pakistani telecom market....
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Pak-rupee will not be devalued, govt to review PSX brokers problems: PM Abbasi

KARACHI: Prime Minister Shahid Khaqan Abbasi Saturday assured the brokers for the revival of stock markets by bringing Capital Value Tax (CVT) and other taxes to...

Toyota Corolla GLi and XLi to continue in Pakistan

KARACHI: Rejecting rumours of discontinuation of Toyota’s hot brand Corolla GLi and XLi, an official of Indus Motor said both Corolla XLi and GLi...

Tea whiteners are absolutely safe and healthy: SSC

LAHORE: Representatives of Pakistan Dairy Association (PDA) met with Senate Standing Committee on science and technology on Monday and gave a presentation to clear misconceptions...

Summit Bank, Sindh Bank merger finalised

KARACHI: In a notification sent to the bourse by Summit Bank Limited on Friday, it has been notified subject to approval by State Bank...

Irregularities worth Rs470b surface in road construction projects

Islamabad: Irregularities worth billions have been discovered in road projects awarded to National Highway Authority (NHA) by auditor general of Pakistan (AGP) office. According to...

Engro Polymer & Chemicals Ltd announces dividend after a decade

KARACHI: Engro Polymer & Chemicals Limited (EPCL) declared an interim cash dividend of Rs 0.45 per share after a span of ten years. EPCL’s revenue...

Curbing imports: 731 items to become expensive as result of regulatory duty imposition

Islamabad: A Statutory Regulatory Order (SRO) issued by Federal Board of Revenue (FBR) on Monday has raised regulatory duties on over 731 imported items. These...

Imported cars to become expensive after regulatory duty

KARACHI: The prices of all the imported cars including refurbished/used car would rise in the country after increasing the regulatory duties (RD). An analyst at...