‘Bailout package to help reduce Pakistan’s public debt’
IMF official says bailout programme aims to help Pakistan get back on the path to sustainable and more inclusive growthA senior official of the International Monetary Fund (IMF) has said that the bailout package given to Islamabad is aimed at improving Pakistan’s public...
Fitch forecasts stability in Pakistan following tough economic decisions
The US-based research house expects SBP to maintain its benchmark interest rate at 12.25pc throughout the yearFitch Solutions, a US-based global research house, expects...
Pakistan finally opens up about Chinese borrowing
It is believed that the United States wants to ring-fence IMF's money in order to stop Pakistan from using such funds for repaying Chinese loans.
NAB seeks details from OGRA regarding gas losses, UfG benchmark
ISLAMABAD: National Accountability Bureau (NAB) has sought details from the Oil and Gas Regulatory Authority (OGRA) regarding losses incurred by the gas companies and benchmark...
‘Be Pakistani, Buy Pakistani’
'Made in Pakistan' campaign urges people to elevate the value of Pakistani Rupee by promoting the local industry LAHORE: Following the recent increase in the...
‘Put expiry date on Pakistani currency and the black economy will wither away’: BS...
Social media is abuzz with a zany suggestion of replacing the currency presently in circulation in the economy with new currency that has an expiration date on it as a measure to account for...
‘All your Grandes and Civics are coffins on wheels, and local assemblers are the...
Mubasher Lucman has a bone to pick, and this time it’s with the car manufacturing industry in Pakistan. The talk show host took to task local car manufacturers after the tragic death of Usama...
What it takes to build a world-class corporate culture: lessons from a seasoned HR...
Fatima Asad Said comes from a family of chartered accountants including her father. Before
completing her MBA, she worked with Citibank and the International Finance Corporation (IFC), and it was almost a given that she...
Nepotism got you a seat on the company’s board. At least learn to do...
About 60-70% of the people appointed as directors to the vast array of publicly listed companies in Pakistan are family members of the companies’ majority shareholders, estimates Safdar A Butt, an academic with years...
Motorcycles are not just for men anymore. Will the market be ready?
On a warm, mid-March afternoon in Karachi, after Friday prayers, I slipped in between narrow spaces outside the mosque on my motorcycle to get onto the main road – Sharah-e-Quaideen which leads to Jinnah’s...
Does it make sense to get a CFA in Pakistan?
It is considered the gold standard in the investment management industry, the global elite profession that is responsible for managing the $46 trillion global pool of investible assets. The CFA – short for chartered...
Will Askari Bank’s new CEO succeed in his desire to shake the bank out...
Abid Sattar took over as the CEO of Askari Bank in August 2018. Somebody forgot to tell his LinkedIn profile, which still lists him as the head of international banking for Asia and Africa...
Why is Pakistan unable to develop a competitive-export focused industrial sector?
Pakistan can come out of its intermittent economic crisis by embarking on export-based industry that would help improve the country’s current account balances, experts believe. But getting there would involve individual businesses to decide...
What’s the matter with board rooms in Pakistan?
In my career in the corporate sector and now as a strategy consultant I have often seen corporate boards of listed companies fail to...
For the love of all that is holy, leave the rupee...
We were almost there. After letting the rupee lose about a third of its value, albeit begrudgingly, there was hope that the Imran Khan...
A tale of two entrepreneurs (Editor’s Note)
This week, Profit chronicles the tale of two men who are in some ways a study in contrasts: one who is at the pinnacle...
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Cement exports increase by 30.8pc in 10 months
ISLAMABAD: The export of cement from the country witnessed an increase of 30.89pc during the first ten months of the ongoing fiscal year, as compared...
‘All your Grandes and Civics are coffins on wheels, and local assemblers are the...
Mubasher Lucman has a bone to pick, and this time it’s with the car manufacturing industry in Pakistan. The talk show host took to...
‘Put expiry date on Pakistani currency and the black economy will wither away’: BS...
Social media is abuzz with a zany suggestion of replacing the currency presently in circulation in the economy with new currency that has an...
Motorcycles are not just for men anymore. Will the market be ready?
On a warm, mid-March afternoon in Karachi, after Friday prayers, I slipped in between narrow spaces outside the mosque on my motorcycle to get...
Food imports drop 9.85pc in 10 months
ISLAMABAD: The country's food imports dropped by 9.85pc to $4.7 billion in the first 10 months of the current fiscal year, as compared to...
SBP re-launches issuance of fresh currency notes
The service will be provided through 1702 e-branches and 16 SBP offices across Pakistan to ensure maximum geographical coverage.
Salaried class to suffer as govt mulls reversing income tax slabs
Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawnISLAMABAD: In an effort to increase the tax revenue in line...
Does it make sense to get a CFA in Pakistan?
It is considered the gold standard in the investment management industry, the global elite profession that is responsible for managing the $46 trillion global...
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