ISLAMABAD: Taking serious notice of the Indian move of demanding exclusive rights of claiming Geographical Indication (GI) tag to Basmati rice in the European Union (EU), Pakistan has decided to oppose the application soon. During...

Interest rate remains unchanged at 7pc

KARACHI: The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Monday, maintained the country’s interest rate at 7pc. The decision was taken in light...

‘CPEC on track, but Pakistan needs to employ Chinese experts’

ISLAMABAD: Outgoing Chinese Ambassador to Pakistan, Amb Yao Jing, has said that the China Pakistan Economic Corridor (CPEC) would be better served if Pakistan appointed officials who are experts...

How big is the Pakistani middle class?

The number of people in the country who reach this point every year varies, as does the number of people who fall out of it. A place in the middle class in Pakistan, like all things related to the economy, is quite volatile and precarious

How to survive a pandemic as a startup

Bookme.pk, Convo, and PriceOye all saw different kinds of crises when the coronavirus pandemic struck. How did they tackle the unique challenges that this unique moment in history brought?

Careem vs Foodpanda: who will dominate the food delivery space in Pakistan?

With restaurants turning a cold shoulder to Foodpanda and its change in policies, Careem is showing it is willing to get aggressive in gaining market share

The perils of cutting advertising budgets during a downturn

Primary and secondary research from consultancies, data analysts, and even academics point to how marketers should have approached advertising during the pandemic to preserve brand equity, in order to compete on value instead of price after the worst is over.

How Bata has thrived for more than a century

Pakistan’s most famous shoe retailer has seen ups and downs in its storied history. This is their business ethos.

Opinion

Take the hammer to the rent-seekers

In general, this magazine believes in free markets, which can often mean we advocate for the removal of what we view as unnecessary government...

Beating a pandemic

What have we gained and lost through the Covid-19 experience?

Set the money free

Suppose, for a minute, that you are perusing the internet, looking to buy a property, and you find a listing online for a very...

Taking the wrong kind of credit for the right kind of policy

Over the past few months, the signs have been unmistakable: Pakistan’s current account has stabilised, with a small surplus in October 2019 now followed...

Pakistan’s EV future

The electrification of cars is inevitable, but are we prepared for the inevitable economic impact that comes with it?

Distorted incentives, distorted economy

There is a running theme across many of the stories we cover in this week’s issue of Profit: how distorted incentives can completely transform...

Headlines

Features

SNGP’s losses continue to mount as failure to crack down on gas theft takes it toll

The government-owned gas company has yet to release financial statements for the last three quarters and held an analyst briefing where it offered very little by way of concrete plans to solve its massive cash flow problems

What pandemic? Bank AL Habib crosses Rs1 trillion in deposits

The sixth largest bank in the country continued its streak of sharp growth, the pandemic-imposed lockdowns notwithstanding

Amreli Steels posts first annual loss in a decade

Pandemic hit the industrial manufacturer hard, along with a spike in input costs and the sharp rise in interest rates

PEL: down in revenue and earnings, but a market darling nonetheless

Stock market investors appear to be counting on the company continuing to prosper in the coming years, despite the Covid-induced hiccups in the first quarter of 2020

How to survive a pandemic as a startup

Bookme.pk, Convo, and PriceOye all saw different kinds of crises when the coronavirus pandemic struck. How did they tackle the unique challenges that this unique moment in history brought?

Careem vs Foodpanda: who will dominate the food delivery space in Pakistan?

With restaurants turning a cold shoulder to Foodpanda and its change in policies, Careem is showing it is willing to get aggressive in gaining market share

Why digital media agencies are reluctant to join the PBA digital media wing

The Pakistan Broadcasters Association announced the formation of a digital media wing that they claim will represent the business interests of digital publishers, apps, and digital advertising agencies. Advertising agencies are sceptical about the initiative.

National

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